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A euro crisis and contagion is almost certain in 2017, Irish economist and writer David McWilliams has warned: “It is almost certain that there will be another euro crisis in 2017. The last time we had a euro crisis, the focus of attention was Greece; today the vortex is Italy. Italy is not Greece. Italy is the third-largest economy in the Eurozone. Italy is the second-largest manufacturing nation in the EU after Germany. Italy is the largest debtor in Europe. The third-largest Italian bank is irredeemably bankrupt. Italy has no government and the people who are likely to win the [...]

Marking their fifth straight week of losses, gold futures dropped to a more than 10-month low Friday as the U.S. dollar continued to rise against other world currencies. Gold for February delivery... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

 Pacific Ridge Exploration (TSXV:PEX) (“Pacific Ridge” or the “Company”) reports that it has received the drill permit and drilling has now commenced on its road accessible TL Zinc Project located 80 km northeast of Vernon, British Columbia. The program will include up to 1,800 m of NQ core drilling in up to six drill holes. The target at TL is a large Broken Hill type or SEDEX (Sedimentary Exhalative) Zn-Pb-Ag massive sulfide deposit. The holes will test the main HELITEM electromagnetic conductor on the property, a flat conductive layer over 4 km long and 100 to over 200 m wide, [...]

ECB 'Bazooka' Extended – Will Buy EUR 60 Billion Per Month Until At Least December 2017 The ECB's 'Bazooka' is back and 'Super Mario', the European Central Bank's monetary magician did not disappoint QE addicted markets yesterday by extending ultra loose monetary policies and quantitative easing until at least December 2017. The euro fell and gold rose 1.1% in euro terms from €1,090/oz to €1,102.85. Stocks globally moved higher, and European stocks look set for their best week since February, supported by the extended ECB currency printing and a calm, some would say complacent and irrationally exuberant, reaction to the Italian referendum. Despite the recent [...]

MacDonald Mines Exploration Ltd. (TSXV:BMK) (“MacDonald Mines”, “MacDonald” or the “Company”) is pleased to announce that, subject to the approval of the TSX Venture Exchange, it has entered into an Option and Joint Venture (“JV”) agreement (“the Option Agreement”) with Noble Mineral Exploration Inc. (“Noble”), dated December 7, 2016 (“the “Effective Date”), to advance exploration on Noble's Wawa-Holdsworth Gold and Silver Project (“the Project”), located 25 kilometres northeast of Wawa, Ontario. Subject to the terms and conditions of the Option Agreement, MacDonald Mines will have the right to earn up to an undivided 75% interest in the Project, comprising of [...]

Oops! Experts' £6 Bln blunder sends UK trade deficit soaring UK failed to measure huge imports of gold coins and bars after Brexit vote By Philip Aldrick Economics Editor The Times, London Britain's trade deficit with the rest of the world is £6 billion larger than previously thought - and at a record high - because the nation's bean counters made a mistake in their sums. The problem was found in the collection of “non-monetary gold” data, which measures the amount of gold traded privately rather than used in jewellery The Office for National Statistics yesterday admitted to a big [...]

Silver prices have been surging in 2016 due to political concerns and uncertainty worldwide, including Brexit results and proposed policies from incoming US President Trump. A weak US dollar also favored silver's price that averaged $17.32/oz until November, which was 9.9 percent higher than the same period in 2015. Silver hit its lowest price or $13.83/oz at the beginning of the year but then steadily increased until the end of July, reaching a high of $20.28/oz.  The silver market is expected to be in physical deficit for a fourth consecutive year in 2016 with a total annual shortfall of 52.2 [...]

Levon Resources Ltd. (TSX:LVN, QTCQX:LVNVF) would like to thank all of our supporters who have stayed the course with us through this challenging market. 2016 has been a difficult year for the mining sector globally, with falling metal prices and punitive governmental actions that range from taxation, to permitting decrees against operations; exploration companies have been hit the hardest, depressing share prices to ridiculously low levels. On a brighter note, the price of zinc has been skyrocketing and we are working with our engineers to see how this will impact the project economics. We have an indicated resource of approximately [...]

VANCOUVER, Dec. 7, 2016 /CNW/ – Kootenay Silver (TSXV:KTN) is pleased to report 6 additional core drill holes have been completed and submitted for assaying, with the core drill rig collared on the 7th hole within the La Soledad Zone, located approximately 1,000 meters south of the Company's established La Cigarra silver resource in Chihuahua State, Mexico. Drilling on La Soledad is part of a current 3,000 meter, multi-phase discovery and resource expansion program underway to assess and evaluate several high priority targets that have been identified proximal to the La Cigarra deposit with the potential to add near surface silver [...]

U.S. MINT RELEASES BURNISHED ASE This week saw the U.S. Mint release the 2016-W burnished version of the American Silver Eagle. The release price was $44.95 and this special 30th anniversary edition with edge lettering is an item many silver eagle collectors will be adding to their holdings. The U.S. Mint also announced that it will begin taking orders for 2017-dated gold and silver bullion from authorized purchasers on January 9th. FUN SHOW FEATURES IMPRESSIVE HERITAGE AUCTION With the FUN show a few short weeks away, it is appropriate to preview the show and offer a glimpse of the associated [...]