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The London property bubble shows renewed signs that it is beginning to burst. Property sellers in the UK have reduced their asking prices and London property prices have fallen by 7.8 per cent on average and as much as 30% in some areas according to City AM today.City AM – Data via Zoopla“People trying to sell their homes are increasingly having to mark down their original asking price – and the amount they are dropping it by is going up.Last month we heard that sellers in some London boroughs were having to drop prices by as much as 29 per cent, [...]

The S&P/TSX Venture Composite Index (INDEXTSI:JX) was down 1.83 percent last week to 667.31. Overall, the index is now up 27.18 percent in 2016.  Precious metals were on the rise this week as well. Gold in particular was on the rise, buoyed by weak US jobs data. A number of companies saw strong weekly percentage gains. The top five gainers for the week were: Sutter Gold Mining (TSXV:SGM) Wildcat Exploration (TSXV:WEL) Northern Shield Resources (TSXV:NRN) Cadan Resources (TSXV:CXD) Gold Mountain Mining (TSXV:GUM) Here's a closer look at those companies: Get Our Expert Guide to Copper Investing FREE! Download this FREE Special [...]

Last week, the S&P/TSX Composite index (INDEXTSI:OSPTX) was up 0.51 percent on Friday, closing at 13,701.47. However, the exchange dropped 1.72 percent, or 240 points, for the week overall. Statistics Canada reported on Friday that the national unemployment rate remained steady at 7.1 percent,while overall employment went down by 2,100 jobs in April, the Canadian Press reported. Meanwhile, prices for a number of commodities, such as gold, copper and natural gas, saw gains on Friday. Last week's top TSX-listed mining stocks were:  Karnalyte Resources (TSX:KRN) Lucara Diamond (TSX:LUC) Dalradian Resources (TSX:DNA) Alamos Gold (TSX:AGI) Arizona Mining (TSX:AZ) Here's a look at [...]

We have added a great new tool to the CDN Blog site (http://blog.greysheet.com) -- a dynamic metals pricing chart. With our new chart you can scroll over a graphical timeline of spot prices to see the exact value on any given day. The chart shows gold, silver, platinum and palladium with charting from 1 day to 5 years. You can find the chart on every page of the CDN Blog site. More enhancements are coming, including daily pricing of popular bullion related products like American Eagles, silver bags and more. CDN Publishing is your best source for the most important [...]

Buy gold and 'get out of the stock market,' legendary billionaire investor Stanley Druckenmiller, advised investors this week at an investment conference in New York.Druckenmiller, who has one of the best long-term track records in money management, said the stock market bull market has “exhausted itself” and that gold “remains our largest currency allocation.”Stan Druckenmiller. Photographer: Scott Eells/BloombergHe told the Sohn Investment Conference attendees to sell their equity holdings:“The conference wants a specific recommendation from me. I guess 'Get out of the stock market' isn't clear enough …”He has been very critical of Federal Reserve and central bank monetary policies in [...]

Gold prices dipped slightly this week, but finished up 0.1 percent overall to continue a winning streak for the yellow metal. The gold price was up 1.51 percent on Friday, sitting at $1,290.90 per ounce as of 2:02 p.m. EST.  Gold was buoyed by poor jobs data out of the US, according to MarketWatch. 160,000 new jobs were added in April, well below the 205,000 jobs expected by analysts polled by the news outlet. That weak result supports the Fed's recent decision to leave interest rates unchanged, and lowers expectations of a rate increase in the near future. “This precious metal is bullish [...]

The coming 'sharia gold standard' or shariah compliant gold could lead to a very significant source of  new demand for physical gold coins and bars in the Islamic world. It is believed that this will contribute to much higher prices and gold “soaring” as some of the $2 trillion of assets held in Islamic financial institutions are allocated to the very small physical global gold market.Fifty gram gold bars sit across a one kilo gold bar at bullion dealers Goldcore, in London, U.K., on Thursday, March 11, 2010. Gold priced in euros reached a new record on March 5, 2010 as investors, concerned [...]

This week, Thomson Reuters GFMS released its annual World Silver Survey, an extensive report on the price of silver and the silver market completed annually on behalf of the Silver Institute. The report covers a number of supply and demand factors driving the price of silver, including specific sector and country overviews. This year, Thomson Reuters sees the price of silver averaging at $15.90 per ounce by year-end. The price of silver is expected to move higher in 2016, to $17.50 per ounce. To get a bit more insight into the results of this year's silver survey, the Investing News [...]

The Perth Mint recently announced sellouts of two 1-ounce of .999 pure silver bullion coins with privy marks. One mark depicts a monkey and appears on a special 2016 Australian Kookaburra coin and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

For the first time in over 15 months, the gold price briefly rose above $1,300 per ounce on Tuesday (4:00 p.m. EST) but dipped under, to $1,278.65 on Wednesday (12:52 p.m. EST). Despite the fall, over a 30-day period, the yellow-metal has steadily inclined - rising from $1,222.30 per ounce on April 6 to $1,300.30 on May 3 - to $1,277.30 on May 4. The decline in the gold price fell on the strength of the US dollar and weaker oil prices, according to kitco.   Despite Wednesday's fall, Reuters reports the overall incline of the gold price is in part [...]