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The silver bullion market has a key new player – Enter the Dragon. The Shanghai Futures Exchange in China is replacing JP Morgan bank and its clients as the most significant new source of demand according to a very interesting blog with some great charts and tables published by SRSrocco Report yesterday.According to the report:The days of JP Morgan controlling the silver market may be numbered as a new player in the silver market has arrived.  For the past several years, JP Morgan held the most silver on a public exchange in the world.  While the LBMA may hold (or did hold) [...]

Writing for Seeking Alpha, Holmes Osborne noted that SilverCrest Mines (TSXV:SVL) has seen its share price rise on the back of a higher silver price. As quoted in the publication: SilverCrest Metals (OTC:SVCMF) is a junior miner with several sites in the Sonoran Desert in Northern Mexico. This tiny miner is run by a management team that has built and sold several juniors to seniors. With the uptick in the price of silver, shares have done well recently. While researching First Majestic (NYSE:AG), I came across SilverCrest. What interested about the stock is that it is widely known in the [...]

Kootenay Silver (TSXV:KTN) announced that further to the joint press releases of Kootenay and Pan American Silver Corp. dated February 16, 2016and April 26, 2016, Kootenay has closed its non-brokered private placement with Pan American and issued an aggregate of 6,793,550 shares for aggregate gross proceeds to Kootenay of CAD$1,553,431. Kootenay intends to use the net proceeds of the Private Placement for exploration activities and general corporate purposes. Connect with Kootenay Silver (TSXV:KTN) to receive an Investor Presentation. The post Kootenay Silver Closes Pan American $1.55 Million Financing appeared first on Investing News Network.

Santacruz Silver (TSXV:SCZ) reported its operating and financial results for 2015, indicating lower cash costs despite challenges encountered early in the year. As quoted in the press release: HIGHLIGHTS: Annual silver equivalent ounces produced for fiscal 2015 of 832,283 represents an 8.72% increase compared to fiscal 2014 notwithstanding that the Rosario Mine was only in production for the last three quarters of 2015; Fourth quarter 2015 cash cost per payable silver equivalent ounce sold of $12.62 maintains continuous reduction year on year, representing a 16.31% reduction when compared to the fourth quarter of 2014. Fourth quarter 2015 all-in sustaining cost [...]

The S&P/TSX Composite index (INDEXTSI:OSPTX) continued its winning streak last week, gaining 109.25 points, or 0.79 percent, to 13,951.45. That's the third monthly gain for the TSX. The rise for the index was driven largely by gains in the resource sector, according to Bloomberg, with raw-materials and energy producers being the two top-performing industries in Canada so far this year. Last week's top TSX-listed mining stocks were:  Great Panther Silver (TSX:GPR) International Tower Hill Mines (TSX:ITH) NovaCopper (NYSEMKT:NCQ;TSX:NCQ) Lexam VG Gold (TSX:LEX) Argonaut Gold (TSX:AR) Here's a look at what moved the share prices of those companies last week. Get [...]

Precious metals soared on Friday as the U.S. dollar slumped to its weakest level in about 11 months. Gold and silver futures scored 15-month highs, advanced their winning streaks to five straight... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

As we end the week gold has spiked nearly $30 over the past 24 hours, nearly breaking the $1,300 barrier. Gold first crossed the $1,300 level in September of 2010, when the markets will still in the shadow of the 2008 global financial crises. On the week, gold has surged $63, much of it to do with events overseas. First, the Bank of Japan went against market expectations and chose not to expand beyond current levels of stimulus spending, and then the following day the People's Bank of China fixed the yuan at a very strong level. Both actions sent [...]

Gold prices ended the week on a high note on the back of a weaker US dollar, up four percent for the week to $1,289.65 per ounce. According to the Wall Street Journal, that's the highest level for the yellow metal in 15-months. The US dollar fell two percent this week, while weak economic data supported safe haven buying. On Wednesday, the US Federal Reserve once again left interest rates unchanged, marking the third straight meeting that the Fed has left interest rates the same in 2016. Gold prices gained both before and after the meeting, as many investors and market watchers [...]

James Rickards, economic and monetary expert, joined Bloomberg's Francine Lacqua on Tuesday to discuss the gold “chart of the decade”, his new book “The New Case for Gold,” why gold is money and why gold is going to $10,000/oz in the coming years.Gold in USD – 10 Years (GoldCore)Francine generously acknowledged how Rickards was “bullish on gold for quiet some time and actually you have been proven right … it is the chart of the decade”. She said that this “has to do with inflation expectations, it has to do with currency but it is really at the end of the day just [...]

A property bubble is developing in Ireland again. The Dublin housing market has seen residential property prices surge by 50% on average and as much as 100% in more affluent areas since the Dublin property market began to bounce in 2012.“Crisis: The dysfunctional property market has already re-emerged just a few years after the biggest housing bust in the country's history”Respected Irish economist and economic commentator Colm McCarthy warned last week that “there is another house price bubble under way in the Dublin area.”While all the focus is on the housing crisis and the rising threat of homelessness for many including families, and rightly so, [...]