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PRESS RELEASE (Temecula, California) – Spencer Kinkelaar, a 16-year old honor roll student from Morrow, Ohio who enjoys collecting Franklin half dollars and silver American Eagle coins, has been selected as this year's winner of the Professional Numismatists Guild (www.PNGdealers.org) Young Numismatist Scholarship. The scholarship will cover airfare and tuition for him to attend a week-long session of the 2016 American Numismatic Association Summer Seminar (www.money.org/summer-seminar) in Colorado Springs, Colorado. Kinkelaar is one of triplet boys, and he credits his father with initially sparking an interest in coin collecting in all three boys. “As a young child, I was always [...]

It was a tumultuous week for the gold price, but overall, the yellow metal has continued its uptrend since the start of the year. Gold prices were up 0.55 percent to $1,272.30 per ounce this week.  Analysts at JP Morgan recommended that its clients get read for a “new and very long bull market for gold” in a note to clients this week. The firm's Solita Marcelli told CNBC's Futures Now that with a 20 percent rally so far in 2016, gold looks to be gearing up for higher prices. “$1,400 is very much in the cards this year.” Marcelli said. Goldman Sachs also raised its [...]

American CuMo Mining Corporation (TSXV:MLY,OTCPINK:MLYCF) announced that it is arranging a non-brokered private placement of up to 10,000,000 units (the “Units”) at a price of Cdn$0.10 per Unit to raise gross proceeds of up to Cdn$1,000,000. The Company also announces its initiative to raise additional funds for the development of its CuMo Project in Idaho, USA, through the sale of up to a 2% Net Smelter Returns Royalty interest in the project (the “NSR Royalty”). Funds raised from the sale of the NSR Royalty and from the Private Placement are to be used to continue the advancement of the CuMo Project, including [...]

Global gold demand surged a record 21% and gold investment demand a record 122% in Q1, 2016 according to the World Gold Council who released their 'Gold Demand Trends Q1 2016' report today. The report is a leading industry resource for data and opinion on global gold demand. The quarterly publication examines demand trends by sector as well as geography.Key findings re global gold demand in Q1 are– Gold was a top-performing asset in Q1 – up 17% in USD terms– Gold demand surged to the second-highest level ever – highest since Q4, 2012– Overall demand for Q1 2016 increased [...]

One of the biggest topics of discussion here at CDN is the need (or not) for Bluesheet pricing. The Bluesheet was born in 1986 from the emergence of third-party grading by PCGS, and later NGC. Other third party grading companies have come and gone, and others hang around, but the “big two” have remained solid over these three decades. The Bluesheet was originally designed to represent “sight-unseen” bidding on the major commercial teletype systems. The idea at the time was that third-party grading would become so reliable and standardized that rare coins would trade readily at sight unseen levels, investor [...]

Trevali Mining Corporation (TSX:TV) announced it has released financial results for the three months ended March 31, 2016 reporting EBITDA of $8 million and posting net income of $827,000 for the quarter. As quoted in the press release: Q1-2016 Results Highlights: Santander concentrate sales revenue of $27 million EBITDA(1) of $8 million Income from Santander mine operations of $4.2 million Net earnings of $827,000 or $0.00 per share Total cash position of $26.7 million Q1 Santander site cash costs(2) dropped to US$0.28 per pound of payable Zinc Equivalent (“ZnEq”)(3) produced or US$32.22/tonne milled, resulting in a revision to the Company's [...]

Gold bullion is a “long term insurance policy” according to James Steel, chief commodities analyst at HSBC, who spoke with Tom Keene about what's driving gold markets on “Bloomberg Surveillance” yesterday. (Source: Bloomberg)In Bloomberg's “Single Best Chart,” Keene displays inflation adjusted 'London gold prices' going back to 1950.Steel is cautious on gold in the short term but positive in medium and long term and thinks gold will “churn higher.”When asked about whether he has a “message for gold bugs … people who have Krugerrands in their dressing room drawer”, Steel spoke of gold's portfolio insurance benefits and “the diversification argument is the [...]

The Heritage Central States auction garnered well over $22 million from over 5,600 lots. The three sale toppers were pre-Federal issues, with a pair of 1792-dated coins leading the way. At $998,750 was the pattern disme (Judd-9) graded AU50 by PCGS. This coin brought the exact same price in January of 2015. The second place coin was the Judd-10, which is the copper patter disme, which sold for $705,000. Third place was a very attractive 1776 Continental dollar graded PCGS MS65. Overall 18 coins sold for six figures in the auction, for a total of $4,010,356, accounting for a little [...]

'Silver guru' David Morgan was recently interviewed by Future Money Trends and said that the gold and silver bullion “super bull market” has been initiated.“We are finally in the very beginning of the new bull market which will be the most exciting as the third leg up is the one that is the most rewarding. In fact few will believe just how high the precious metals will go. The end date is most likely 2018/2019 at this point.”Gold and Silver Prices and News Gold near 1-1/2-week low as dollar keeps strength (Reuters) Indians shun gold buys during key festival as prices, drought [...]

Fresnillo is expecting to see double digit percentage growth for its silver production this year, MarketWatch reported. The silver miner has received approval for two expansion projects. As quoted in the publication: Fresnillo, the world's largest primary silver producer and Mexico's second-largest gold producer, didn't say how much silver it planned to produce this year but the miner previously forecast it would produce up to 51,000 ounces of attributable silver this year, including 4 million ounces from the Silverstream supply contract, up 9% from 46,977 silver ounces produced last year. Click here for the full article. Get Our Expert Guide [...]