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As dealers move on after the conclusion of the Long Beach Expo, the price action of gold has come to the fore, with multiple events impacting the yellow metal. Wednesday June 15 started with a press conference from Fed Chairwoman Yellen By all accounts it has become clear that the Federal Reserve has painted itself into a corner with regards to monetary policy. Their forecasts for the United States economy – measured primarily in the form of employment and inflation – were tempered, and they lowered the 2016 GDP forecast to 2% from 2.2% previously. This sent expectations for an [...]

TORONTO, ON–(Marketwired – June 20, 2016) – NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Red Cloud Klondike Strike Inc. (“RedCloudKS”) is pleased to announce the posting of two more investment opportunities to its equity crowdfunding/online financing platform: Lupaka Gold Corp. (TSX VENTURE: LPK) and Anaconda Mining Inc. (TSX: ANX), as well as the launch of “RCKS Talk,” a free mining information service. Lupaka Gold Corp. (“Lupaka”) Lupaka is seeking to raise C$750,000 in a bridge loan financing. This is believed to be the world's first mining debt securities issue on a [...]

IMPACT Silver (TSXV:IPT) has announced that it has completed the brokered private placement announced on May 20, 2016. As quoted in the press release: The fourth tranche raised $248,765 by issue of 436,430 Units (each a “Unit”) at a price of $0.57 per Unit. In total, the Private Placement raised aggregate proceeds of $5,000,000 by the issue of 8,771,930 Units at a price of $0.57 per Unit. Each Unit consists of one common share and one-half of one warrant. Each whole warrant (each a “Warrant”) entitles the holder to purchase one common share (each a “Share”) per Warrant at a [...]

Gold fell 1.3 % in dollar terms and 3% in sterling terms today as sterling and global stocks surged as Brexit worries ease slightly.Gold in GBP – 30 DaysThe prospect of Britain leaving the EU is causing widespread jitters. 'What will it really mean?'  was examined by Emma Kennedy, the Personal Finance Editor of the  Sunday Business Post yesterday (excerpts follow):“With less than a week to go until British voters decide on the future of their country's relationship with Europe, investors and markets are very jittery indeed.In this climate, gold, a traditional safe haven for investors, has soared.Demand for gold [...]

The S&P/TSX Venture Composite Index (INDEXTSI:JX) was down last week by 0.81 percent to 714.40 points. Overall, the index is up 36.029 percent for 2016. For the period of June 18 2015 to June 17, 2016, it's up by 33.22, or 4.87 percent. A number of companies on the TSXV saw strong weekly percentage gains.   The top five gainers for the week were: Armor Minerals (TSXV:A) Hunt Mining (TSXV:HMX) Azimut Exploration (TSXV:AZM) Centenera Mining (TSXV:CT) Senator Minerals (TSXV:SNR) Here's a closer look at those companies: Armor Minerals Armor Minerals topped the list last week, making gains of 127.27 percent.  Year-to-date, the company's shares have risen 316.67 overall [...]

Gold prices were up again this week, trading at $1,293.10 per ounce as of 1:59 p.m. EST. Prices gained 0.66 percent for the week overall. Prices briefly traded above $1,300 per ounce on Thursday. That's the highest price for the yellow metal since May 3, according to Reuters. The US Federal Reserve left interest rates unchanged yet again following the latest FOMC meeting on Thursday, which contributed to gold's rise. However, as per Kitco News, gold prices dipped back below the $1,300 level on Friday on the back of rumors that the Brexit vote could be postponed. UK member of parliament Jo [...]

 Gold prices surged to their highest level in nearly two years yesterday on BREXIT concerns and deepening concerns that the Federal Reserve central banks are slowly losing control of the financial and monetary system.Gold subsequently fell quite sharply below the key $1,300 level but remains roughly 1% higher for the week in all currencies and is on track for its third week of gains. Asset Performance YTD 2016 (Finviz)Ultra loose monetary policies are set to get even looser as the Federal Reserve confirmed zero percent interest rate policies are set to continue and negative interest rates deepened as Germany became the [...]

Last Friday (June 10th) the Wall Street Journal featured an article titled "Big Bet Of 2016: Buy Gold, Miners And ETFs". The key points of the article include the performance of gold miner stocks, which have increased significantly thus far in 2016, and also the net long position held by money managers, and the prospects of gold reaching $1,400 per Troy ounce. WSJ subscribers can read the article here: http://www.wsj.com/articles/the-big-bet-of-2016-joining-soros-in-gold-1465485328

Precious metals are rallying as the coin dealer community gathers for the three-day Long Beach Expo. After falling into the low $1,200s gold has climbed up past the $1,260 level as of this writing. Likewise, silver has risen by nearly $1.25 in the past eight trading days to over $17 per ounce. As Heritage gears up for their Long Beach auction of over 3,700 lots of United States coins, featuring the expansive McClure Collection, we can take a look at some of the results of the recently concluded Goldberg sale. One of the many stars in the gold coin collection [...]

Gold News and Commentary Gold hits highest in nearly two years after Fed's cautious outlook (Reuters) Gold Funds Keep Drawing Cash Even as Market Momentum Fades (Bloomberg) Gold Jumps as Fewer Fed Officials See Multiple Rate Hikes in '16 (Bloomberg) China Dumping More Than Treasuries as U.S. Stocks Join Fire Sale (Bloomberg) Sterling may weaken 11% if Brexit occurs: Goldman (CNBC)Yellen said Fed “might legitimately consider” using helicopter money Gold Has Little Downside, Brexit Or Not, Says HSBC (Barrons) Yellen says helicopter money belongs in Fed toolkit (Marketwatch) Gold Quickly Go To $1,100/oz or 1,600/oz After BREXIT Result (Bloomberg) Hemke and Maguire [...]