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David McWilliams interviewed Jim Rickards at Kilkenomics for TV3's Agenda and the short ten minute interview is a must watch. McWilliams Rickards interview here (from 34:16) Key points covered are We are already in global currency wars End of the dollar as the benchmark global reserve currency coming Higher inflationary – “all the currencies will fall against hard assets” Massive financial crisis coming – complexity theory, behavioral economics shows this “Allowing system to get larger and larger and we do not understand risk” “In 1998, Wall Street bailed out a hedge fund; in 2008, the  central banks bailed out Wall Street; in [...]

Whitman Publishing announces the release of A Guide Book of the United States Mint, by Q. David Bowers. The 448-page softcover book is available from booksellers and hobby shops nationwide, and online (including at Whitman.com), for $24.95. The 23rd volume in the award-winning Bowers Series explores the heart of American coin collecting: the United States Mint itself, which is gearing up to celebrate its 225th anniversary in 2017 with special coins and medals. The U.S. Mint is the official source of the material that numismatists collect, study, and catalog. It is the sole manufacturer of the nation's legal-tender coinage and [...]

The S&P/TSX Venture Composite Index (INDEXTSI:JX) was back on top last week, rising 0.57 percent to reach 746.57 points.  Ever since Donald Trump was elected president on November 8, markets have been on a roller coster ride, and the Canadian dollar has also fallen as investors look to buy into the US economy. That being said, companies on the venture exchange also saw weekly percentage gains over the five-day trading period, with some gains reaching 60 percent. The top five stocks for the week were: American CuMo Mining (TSXV:MLY) Aurora Cannabis (TSXV:ACB) Karmin Exploration (TSXV:KAR) American Manganese (TSXV:AMY) Crystal Peak Minerals (TSXV:CPM) Here's a closer look at those companies: [...]

Last Saturday, November 12th in Geneva a very rare vintage stainless steel Patek Philippe ref. 1518 perpetual calendar with chronograph set a new world record for the most expensive wristwatch in history, selling for $11,136,642 (or 11,002,000 Swiss francs), on a hammer of 9.6 million Swiss francs in the Geneva:Four auction held by Phillips & Co. The watch was made in 1943 and is one of four in existence. The previous record price was for a unique Patek Philippe stainless steel minute repeater-tourbillion-perpetual calendar ref. 5016A which sold last year for 7.3 million Swiss francs.

With growing possibility of the Federal Reserve raising interest rates in December, gold prices dropped to five-month low over the week.  On Thursday, Market Watch reported that Federal Reserve chairperson Janet Yellen validated allegations on interest rates increasing at their meeting next month. As a result, the yellow metal has dropped to its second straight weekly decline. As of 12:50 p.m. EST on Friday, the gold price was $1,206.40 per ounce, an overall drop of 1.06 percent over the five-day period. Market Watch noted that “prospects for higher interest rates have been gold-negative,” although gold's recent losing sessions have already reflected the possibility of [...]

Gold Sell Off On Fed Noise – “Interesting Times” To “Support Gold” Gold prices in dollar terms came under renewed pressure today testing strong support at the $1,200/oz level. Gold dropped another 1% to near a 6 month low and is set for a second week of falls after the dollar soared again after Federal Reserve Chairwoman Janet Yellen suggested a U.S. interest-rate hike could come “relatively soon.” Source: New York Federal Reserve for Fed Funds Rate, LBMA.org.uk for Gold (PM fix) Yellen's prepared comments to U.S. lawmakers yesterday sent gold in dollar terms to its lowest finish since June 2, at $1,216.90 [...]

ENCOURAGING BALTIMORE EXPO PRECEDES ELECTION SURPRISE The majority of reports from the recent Whitman Baltimore Expo have been positive, as the market was ready for action after a lull in major show activity. Wholesale buying and selling was robust, especially for Morgan dollars and gold type coins. Positive activity in the gold spot price also contributed to the demand seen at the show. ELECTION SPARKS RUSH IN ELECTRONIC GOLD MARKETS Speaking of gold, as we write this the day after the Presidential election the yellow metal is heading for its heaviest volume day of trading ever – in terms of [...]

Trevali Mining Corporation (TSX:TV) announced positive Q3 financial results. The Santander mine did as good as expected and the Caribou mine was profitable, although it hasn't reached its full capacity. Trevali produced 32.4 million lb zinc, 9.7 million lb lead and 362,776 toz silver, which equals to 47.33 million lb of zinc equivalent. The total cash costs were $0.4/lb of zinc equivalent ($0.33/lb at Santander and $0.46/lb at Caribou). The cash costs were lower than expected, moreover they should decline further, as the Caribou mine throughput rate should grow steadily. The plant processed 2,200 tonnes of ore per day in Q3, [...]

Islamic Gold – Important New Dynamic In Gold Market Next month, 1.6 billion people will have a new 'gold investment standard' Gold bullion investments to become accessible to 25% of planet Islamic finance market expected to grow to US$5 trillion by 2020 Islamic asset classes have all under performed compared to gold In 10 years, gold has risen over 367% in US dollar terms and by more in currencies used in Islamic countries Gold bullion products additionally appealing to Islamic banks due to Basel III New Sharia Gold Standard will impact gold price By the end of 2016, 1.6 billion people will have a new gold [...]

Santacruz Silver Mining (TSXV:SCZ) announced the results of its resource estimate for the Panuco silver deposit in Zacatecas, Mexico: Inferred mineral resource of 16,342,456 AgEq ounces grading 192.40 g/t AgEq, with veins open along strike and down dip. As quoted in the press release: Highlights of the mineral resource estimate are as follows: Inferred mineral resource of 16,342,456 AgEq ounces grading 192.40 g/t AgEq; Panuco resource sits outside of currently mined areas of the Veta Grande and La Cantera vein systems and is the first indication of mineral resource growth potential in the Veta Grande project area; The veins are [...]