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The gold price should rise in the medium and long term on global risks and the Trump Presidency, according to leading research consultancy Capital Economics. The recent sharp gold price fall is again causing jitters among some investors who forget that gold remains more than 14% higher in dollar terms, 16.5% higher in euro terms and 36% higher in sterling terms year to date. Thus, gold is outperforming most stock market indices so far this year. Capital Economics commodities economist, Simona Gambarini suggests in the World Gold Council's 'Gold Investor October 2016' newsletter there is further upside to the gold [...]

President Trump – Why Market Loves Him and Experts Wrong by John Stepek, Editor of Money Week “If the question is when markets will recover, a first-pass answer is never.” I have to feel sorry for Paul Krugman. The Nobel prizewinning economist was clearly gutted by Donald Trump's victory. Presidential Donald Trump (Photo by John Moore/Getty Images) Yet he also managed to sum up in that one impassioned line (written in The New York Times in the immediate aftermath of the vote), why people don't trust “experts”. The Dow Jones is now trading at an all-time high. That might not [...]

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 14, 2016) – Trevali Mining Corporation (TSX:TV) has released financial results for the three months and nine months ended September 30, 2016. Third quarter (“Q3″) EBITDA(1) increased significantly from the preceding quarter to a record $14.8 million, with income from operations of $10.6 million, and the Company posted a net profit of $2.4-million, or $0.01 per share, for the quarter. Q3 marked a major milestone for Trevali as the Caribou zinc mine in New Brunswick commenced Commercial Production. This release should be read in conjunction with Trevali's unaudited condensed consolidated financial statements and management's discussion and analysis for [...]

American CuMo Mining Corporation (TSXV:MLY,OTCPINK:MLYCF) announces the signing of an agreement to earn 100 percent interest in eight unpatented mining claims known as the Calida Mine Property located in southeastern Idaho. Vancouver, British Columbia–(Newsfile Corp. – November 14, 2016) – “We are extremely pleased to add the Calida Mine Property to our portfolio. This is a highly prospective gold, silver and copper property that has significant historic drill results and has the potential of being developed in a relatively short period,” said Shaun Dykes, President and CEO of CuMoCo. The Calida claims cover several significant mineralized gold, silver, and copper veins [...]

Gold prices soared last Tuesday (November 8) during the election as Donald Trump was named the 45th president elect of the United States. Prior to Trump's victory speech, the gold price reached $1,336.20 per ounce, but has since dropped off significantly. By  Friday, the gold price dropped over $100 per ounce from its election-high to $1,222.30 per ounce. Nearly one week after the election, early Monday, November 14, the gold price dropped to a six-month low to $1,212.90 per ounce on pressures of a stronger US dollar. Metal Bulletin analyst Boris Mikanikrezai told the Bullion Desk that it's likely precious metals [...]

Imperial Metals (TSX: III) reports comparative financial results for the three and nine months ended September 30, 2016 and 2015 as summarized in this release and discussed in detail in the Management's Discussion & Analysis (“MD&A”). The Company's financial results are prepared in accordance with International Financial Reporting Standards (“IFRS”). The reporting currency of the Company is the Canadian (“CDN”) Dollar. expressed in thousands, except per share amounts Three Months Ended September 30 Nine Months Ended September 30 2016 2015 2016 2015 Revenues $ 97,108 $ 55,928 $ 350,093 $ 59,187 Income (loss) from mine operations $ (2,123 ) $ 7,578 $ [...]

The S&P/TSX Composite index (INDEXTSI:OSPTX) had quite the week. The index started the trading week at 14,600.29, built up to a high of 14,845.94 on Thursday morning, but took a tumble by 1.28 percent to 14,555.41 points by the close of market hours on Friday. It was, after all, the week Donald Trump shocked the world and markets when he won the US presidential elections. Last week also saw gold, silver, and copper go through peaks and valleys as commodities reacted to the US elections. Companies that registered the highest gains over the five-day period included: Northern Dynasty Minerals (TSX:NDM) Shore [...]

After the initial spike in the gold spot price in the hours after the conclusion of the Presidential election, gold has slumped back down to close the week at $1,227. The highest point reached on November 9th was $1,331, on the 10th it was $1,288, and now today (Friday) its highest price was $1,260, until selling off sharply in the final hours of trading. Meanwhile, the Dow Jones Industrial Average is back hovering around its all time highs.

James Rickards, economic and monetary expert, joined Francine Lacqua on “Bloomberg Surveillance” yesterday to discuss Trump and whether he will be good for markets, the economy and for gold. Rickards said that Trump's Presidency , which he predicted, will be good for gold as he will be the 'Helicopter Money President' and he will spend dollars on U.S. infrastructure and the U.S. military. This will cause inflation which will benefit gold: “Trumps individual policies sound attractive. Who does not want better infrastructure? Who does not want better defense? But when you add them all up, this is going to mean much larger [...]

MAG Silver (TSX:MAG,NYSEMKT:MAG) reported unaudited financial results for the three and nine months ended September 30, 2016. Highlights include a gain of $1.2 million in the nine months ended September 30, 2016. As quoted in the press release: 2016 THIRD QUARTER HIGHLIGHTS The 2015-2016 drilling to further delineate the extent of the new Valdecañas Deep Zone was completed, and assays released during the quarter (see Press Release August 15, 2016). Overall results show vein widths ranging from 5 to 29 metres with the highest zinc and copper grades seen to date. The new results show that mineralization in the Deep [...]