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Dedollarization and Uncertainty drive Central Bank Demand for Gold Central banks added 81.7t to their gold reserves in the third quarter Total central banks purchases in the year-to-date reach 271.1t. Fellow-SCO member Kazakhstan and Belarus also had to holdings 90% of reserve managers intend to increase or maintain gold reserves. “The case for gold remains compelling for reserve managers” state WGC Unconventional monetary policies will underpin gold demand in coming years.   Central banks added 81.7t to their gold reserves in the third quarter, bringing total purchases in the year-to-date to 271.1t. This was a fall from 168t purchased in [...]

Analyst, author and speaker David Morgan was interviewed by INN CEO, Nick Smith, about the impact of the United States presidential election of 2016 on the price of gold and silver. In the interview, Morgan also detailed his outlook for the precious metals sector as well as copper in 2017. On Donald Trump's victory over Hillary Clinton, Morgan said, “It doesn't really matter [which] candidate gets the presidency in the United States. The economic and financial conditions are entrenched so deep, and so far, and so wide that we have a precious metals bull market. That doesn't mean there won't [...]

It's a brand new day and whether you are happy or not with the results of last night's election, one thing is certain: change is in the air. For real. With change comes uncertainly which is typically not good news for the financial markets. The metals markets – especially gold – are a natural haven in this uncertainly and gold spiked up nearly $60 overnight on the election news. We've now settled to +$24 and I think the silver lining here is this uncertainly is going to be great for the rare coin biz. What do you think? Is the [...]

Gold Surges 5% After America Votes Trump President Gold surged over 5% – from $1,270/oz to $1,335/oz prior to profit taking Gold jumped to its highest level in six weeks on early reports that Trump had won the race to the White House; Largest gains since Brexit shock For the next few days, we can expect to follow the “Brexit playbook” “We are looking at very real prospects that the Fed would defer that rate hike into 2017…” Gold has surged more than 3% to over $1,300/oz today after the shock election of Donald J. Trump as the next President [...]

Avino Silver & Gold Mines Ltd. (ASM: TSX-V, ASM: NYSE–MKT, GV6: FSE, “Avino” or “the Company”) is pleased to announce the consolidated financial results for the Company's third quarter ended September 30, 2016. As quoted in the press release: THIRD QUARTER 2016 HIGHLIGHTS Generated revenues of $13.2 million from the sale concentrates, a 163% increase from the third quarter of 2015 Mine operating income of $6 million, a 172% increase compared to the third quarter of 2015 Total equity of over $68 million, a 32% increase compared to the third quarter of 2015 Net income after taxes of $1.2 million [...]

Silver may be a volatile market, but carefully chosen top silver stocks can also reap high rewards. Investors should take note: Focus Economics forecasts that in 2017, silver will pick up to an average of $19.2 per troy ounce in Q1 of 2017. Further to that, BMI Research says that junior silver miners may surpass their major counterparts in the coming years. The question is: which top silver stocks should an investor in the silver market choose? PwC Canada recently released a report isolating 100 top performing junior mines whose market capitalizations have risen since 2015. Here are the 10 top silver stocks on the TSXV: 1. First Mining [...]

Uncertain Election Outcome and Uncertainty After Bodes Well For Gold Polls suggest Clinton to win but as with Brexit is chance of surprise PredictWise gives Clinton an 89% chance of becoming President-elect, giving just Trump just an 11% chance. Gold price may move about 1.8% to 4% if result is uncertain Demand for gold and silver is up this week by a factor of 25 percent Sales of American Eagle gold coins have climbed 23% Gold to benefit from 'Punch and Judy' election Latest Punch and Judy U.S. Election – Image from Wikipedia A lot of us were looking forward [...]

Orex Minerals (TSXV:REX) has announced that project partner Fresnillo PLC (LSE:FRES) has commenced a Phase-V diamond drilling program of 5,000 meters in 11 holes on the Coneto Gold-Silver Project in Durango, Mexico. As quoted in the press release: The Coneto Project is a joint venture, with ownership of 55/45% between Fresnillo and Orex. The mineral concessions of both parties in the Coneto Mining District have recently been combined into a company named “Exploraciones y Desarrollos Mineros Coneto S.A.P.I. de C.V.”, in order to advance the project. A Technical Committee, with membership from both companies, guides the exploration programs. The main [...]

Gold, silver and platinum futures declined in their start to the new trading week on Monday. Palladium soared 5.1%. Gold, meanwhile, logged its worst one-day percentage loss in five weeks. Gold for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Ignore election theory, this one's too uncertain This year's election breaks the mould in a number of important ways Markets seem to be agnostic as to which party is in control of the White House. However, likely that uncertainty will drive markets for time-being Polls might be victim to 'the Bradley effect' Hillary is seen as lower-risk and less volatile than the Republican. For most of us this election is like nothing we have ever seen. Frank Holmes agrees , arguing that we need to, “Forget Everything You Know About Presidential Elections” “this year's election breaks the mold in a [...]