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The word on the street this week is that activity and sales at Long Beach were a bit sluggish. Highlights, however, were the auction sales which demonstrated continued strength in market, even if it's not always apparent on the bourse floor. At the Goldberg sale-held prior to the start of the convention-copper shone brightly once again. The Ahumada collection was marked not only by high quality but also a tremendous depth of pedigree, featuring coins from virtually every big name in large cent collecting over the past century. Among the noteworthy lots were: 1824/2 PCGS MS62BN at $25,850, 1828 Large [...]

Santacruz Silver Mining (TSX.V:SCZ) (the Company or Santacruz) reports that it has signed an agreement (the Option Agreement) with certain private Mexican companies (together Contracua) pursuant to which Contracua has granted Santacruz an option to purchase a 100% interest in the Veta Grande and Minillas properties, for aggregate cash consideration of US$15,500,000. The Company currently operates the properties on a 60%/40% net profits interest (NPI) basis pursuant to an exclusive thirty-year right granted by Contracua. Arturo Prstamo, President and CEO of Santacruz, commented: The Veta Grande and Minillas properties together with our Zacatecas properties represent one of the largest and [...]

Hunt Mining (the Corporation or Hunt) (TSX-V:HMX) is pleased to announce it has extended an offtake agreement (Agreement) with Ocean Partners USA, (Ocean Partners) for the delivery of Silver-Gold concentrate (Concentrate) from the Martha Mine Project (Martha Project) located in Santa Cruz Province, Argentina. Hunt has received an additional US $1,500,000 for the delivery of Concentrate from the Martha Project and will receive a further provisional payment upon shipment of the Concentrate from the loading port. This is an extension to an initial November agreement that has now been fulfilled with the 4th shipment leaving the port on Tuesday the [...]

It is when the majority of us are in middle school in our first economics class that we are first formally taught the law of supply and demand. We learn that in a free market economy-at its most basic level-supply and demand are the key determining factors of price. The concept of price is something that permeates all aspects of our commercial lives. Price governs the clothes we wear, the car we drive, and the home we occupy. Pricing in collectibles, like the coin market, is somehow even more conspicuous, possibly because these markets are more open and unregulated than [...]

Santacruz Silver Mining (TSX.V:SCZ) (the Company or Santacruz) has been focused on drifting to access the Membrillo vein that generally strikes NW-SE and dips approximately 45 to 60 degrees to the southwest. This underground development has intersected a previously unknown E-W striking vein structure that dips approximately 50 to 52 degrees to the Southwest and is infilled by quartz, carbonate and sulfide minerals.This previously unknown vein is now known as the San Rafael vein. President and CEO Arturo Prestamo said: This is a very exciting development for Santacruz. Not only does the San Rafael vein potentially provide a new source [...]

IHS Markit index shows UK households pessimistic about finances for 2017-208 UK household finances remain under intense pressure from rising living costs 58 percent of respondents expected higher interest rates in 12 months time Inflation in the United Kingdom currently at near four-year high Prices up prices by 2.9pc year-on-year, biggest annual increase since June 2013 In May consumer spending in the UK fell for the first time in almost four years By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.John Maynard Keynes, The Economic Consequences of the [...]

In The Judas Hoard, the latest novel by author Barbara Erlichman, a priceless collection of ancient coins disappears, an innocent woman is accused of theft, and the 30 pieces of silver Judas received for betraying Jesus take center stage. Erlichman was raised in England and came to the United States intending to work her way across America. Arriving in New York, she met her future husband, Jay Erlichman, and they started a rare coin and collectibles business. Based in New York, they traveled throughout the United States and Europe buying coins and collectibles. The idea for The Judas Hoard came [...]

James Rickards via Daily Reckoning Gold was down after the Fed's hike, but I expect it to start heading higher again. Too many powerful forces are driving it behind the scenes. Dwindling physical supply is a major one. Gold in USD (5 Years) On a recent visit to Switzerland, I was informed that secure logistics operators could not build new vaults fast enough and were taking over nuclear-bomb proof mountain bunkers from the Swiss Army to handle the demand for private storage. Geopolitical fear is another. The crises in North Korea, Syria, Iran, the South China Sea, and Venezuela are [...]

Hannan Metals (TSXV:HAN) provides an update on drilling at the Company's 100% owned Kilbricken Zn-Pb-Ag prospect in Ireland. Key points: A total of 852 metres with one diamond drill rig have been drilled since early May. The first diamond drill hole DH217 was completed at 714 metres. This was a 20 metre step out from drill hole DH167 which intersected 4.5m @ 0.8% Zn, 2.6% Pb, 18.91% Cu, 867.6g/t Ag from 616.5m. Mineralization in hole DH217 was intersected as anticipated from adjacent drill holes. After geological, physical property and structural orientation logging, core cutting is now underway for submission of [...]

The gold price edged up on Friday (June 16) but was on track for a second weekly loss. The Federal Reserve decided to raise interest rates again by a quarter point earlier this week a move that was highly anticipated by the market. The committee chose to raise rates again despite an economic slowdown at the start of 2017, which it predicts will be temporary. Gold has been spooked by the hawkish tone from the Fed, which triggered some long liquidation both in futures and exchange-traded funds, said Saxo Bank analyst Ole Hansen. Precious metals prices often drop with rising [...]