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It was another strong week for the S&P/TSX Venture Composite Index (INDEXTSI:JX) last week, with the exchange rising 4.95 percent to close at 633.84 points. Several resource stocks were on the rise as well. This week's top gainers included: Encanto Potash (TSXV:EPO) International Lithium (TSXV:ILC) Lithium X (TSXV:LIX) Renaissance Gold (TSXV:REN) Santacruz Silver (TSXV:SCZ) Here's a closer look at those companies: [tex_ad] Encanto Potash Encanto Potash gained 100 percent to reach $0.13 last week following news that the company had signed an expanded memorandum of understanding (MOU) with Metals and Minerals Trading Company of India (MMTC) regarding a potash offtake agreement. Terms for the offtake have been [...]

editor's note: even though this is a "stamp" story, we think this great story about loss and recovery of a rare collectible. Kudos to the team at Spinks for their keen eye and integrity in this matter. PRESS RELEASE: New York, April 15, 2016 Spink USA is proud to announce that on 1 April a recovery was made of a long-lost 1918 24c Jenny air mail with center inverted when a prospective consignor, who had inherited the stamp, delivered it to their auction galleries for sale. After careful expert examination the rarity was determined to be position 76 in the [...]

Silver prices have surged 5.6% this week, while gold is down 1% in dollar terms, 1.5% in sterling terms but flat in euro terms. Gold appears to be consolidating after the recent gains and the bounce in stocks this week is likely leading to traders taking profits.Market Performance – 1 Week (Finviz.com)Silver remains strong despite gold's weakness this week and continues to eke out gains. Since Monday April 4, silver has surged from $14.93 to $16.32 per ounce for an 9.3% gain.The close above $16.00 per ounce was important and will embolden the technicians and momentum players who are likely positioning in [...]

Gold prices broke their winning streak this week, dropping roughly 1.79 percent to hit $1,234.70 per ounce as of 12:39 p.m. EST. The yellow metal hit its best quarter in decades two weeks ago and performed well last week as well. Despite an overall drop this week, gold prices took back some ground on Friday on the back of a weaker US dollar, according to the Wall Street Journal. Gold is priced in US dollars, and thus becomes cheaper for foreign buyers when the US dollar is lower. Bargain hunting may have played a role as well, since, as Jim Wyckoff of Kitco Markets stated in a note to [...]

Northair Silver Corp. (TSXV:INM) is pleased to announce that security holders of Northair have approved the previously announced business combination with Kootenay Silver (TSXV:KTN), to be completed by way of a plan of arrangement, at a special meeting held earlier today. As quoted in the press release: Under the terms of the Arrangement, Kootenay will acquire all the issued and outstanding common shares of Northair in exchange for 0.35 of a common share of Kootenay, plus 0.15 of a warrant to purchase Kootenay common shares at an exercise price of $0.55 for a period of five years from closing, for each Northair [...]

 Who is buying gold and why is the question posed by The Telegraph today“After four years of sharp falls, a sudden revival has been taking place in the gold market.In the first three months of 2016 the price of the yellow metal soared by 20pc – its best quarterly performance since the financial crisis erupted in the final three months of 2008.The gold price, currently around $1,260 an ounce, is well below its record peak of almost $1,900 achieved in July 2011, at the height of the European sovereign debt crisis.For investors who have missed out on the rally so [...]

The total results from the Stacks-Bowers' Baltimore auction after all sessions came in at over $13.5 million, an impressive result. Ten sessions saw nearly 7,000 lots of U.S. coins, medals, tokens and related offered. Over 4,100 of these lots were sold via online-only auction sessions which took place in the week following the coin show. This illustrates the shift that is currently taking place in the rare coin business, as it pertains to how mid-level coins are bought and sold. SHIFTING TRENDS IN THE HOBBY Many articles have been written, and there has been much talk regarding two major issues: [...]

Fortuna Silver Mines Inc. (TSX:FVI,NYSE:FSM) announced Q1 2016 production results from its two operating mines, San Jose in Mexico and Caylloma in Peru. All in all, the company put out 1.6 million ounces of silver and 9,264 ounces of gold (as well as base metals by-products) during the period. Other highlights are as follows: Silver production of 1,617,396 ounces; 1 % decrease over Q1 2015 Gold production of 9,264 ounces; 5 % decrease over Q1 2015 Lead production of 9,107,296 pounds; 110 % increase over Q1 2015 Zinc production of 10,390,386 pounds; 38 % increase over Q1 2015 Cash cost** for [...]

Buy gold is the call of HSBC technical analysts who are becoming increasingly bullish on gold and increasingly bearish on stocks as reported by Business Insider. HSBC via Business Insider via Bloomberg Sentiment towards gold is slowly moving from being extremely negative and bearish to more bullish. HSBC joins a long list of large banks, insurers and investment houses who are now bullish on gold.HSBC, JP Morgan Chase, Bank of America Merrill Lynch, ABN Amro, UBS, Deutsche Bank, PIMCO and BlackRock head a growing number of investment houses that are recommending an allocation to gold today. Indeed,  the world's largest reinsurer Munich Re is [...]

Gold has rallied nicely in recent days, while equities – especially financials – have waned. The yellow metal has jumped over $25 in the past three days as of this writing. To the surprise of the wider market, the U.S. dollar has weakened, especially against the Japanese yen. The USD/JPY currency pair has been the main indicator for the direction of stocks for the past few years, and a rapidly strengthening yen is a negative sign. Great Collections, the online auction firm, is offering the Yosemite Collection of U.S. type coins over the next several weeks. Also including Colonials, the [...]