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It's only Tuesday, but already it's been a good week for the silver price.  According to Bloomberg, the white metal has risen an impressive 7.8 percent in the last five sessions, and on Tuesday reached $16.23 per ounce on the COMEX in New York - that's the highest price for a most-active contract in over five months. Meanwhile, an ounce of gold was good for just 77.6271 ounces of silver on Tuesday, the least since February 9. Given those circumstances, many investors are now asking themselves, “how high can silver go in 2016?” Read on for a look at what may [...]

Bank bail ins in the EU are here after Austria's financial markets regulator FMA imposed a hefty haircut on creditors in an Austrian bank. Creditors in the bank Heta Asset Resolution will receive less than half of their money back according to the country's financial regulator, the FMA.Senior bondholders in the so called “bad bank” could expect to receive around €0.46 for each euro which would be paid from the realisation of assets by 2020, according to the FMA statement. It said that this had been calculated using “very conservative” assumptions.“This package of measures also ensures the equal treatment of creditors. Orderly resolution [...]

Precious metals futures settled higher in their start to the new trading week on Monday. Gold and silver closed at more than three-week highs. Gold for June delivery tacked on $14.20, or 1.1%, to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Last week, the S&P/TSX Composite index (INDEXTSI:OSPTX) rose 0.98 percent, or 130.29 points, to close at 13,396.73 points. All in all, it lost 0.3 percent for the week, but is up 2.9 percent year-to-date. According to Reuters, that makes the index the second-best performer among developed markets worldwide - an impressive feat in today's difficult (though improving) resource space. A good number of TSX-listed mining stocks gained along with the index last week. The top five gainers were: Almaden Minerals (TSX:AMM,NYSEMKT:AAU) Lithium Americas (TSX:LAC) Newmarket Gold (TSX:NMI) GoGold Resources (TSX:GGD) Arizona Mining (TSX:AZ) Read on to learn what moved the share [...]

Southern Silver Exploration Corp. (TSXV:SSV) announced that it has closed its previously reported non-brokered private placement by issuing 12,000,000 Units at a price of $0.05 per unit for gross proceeds of $600,000. As quoted from the press release: Net proceeds from the private placement will be used for working capital and costs associated with claim maintenance, permitting and other exploration expenses. Specifically, some proceeds will be applied towards the assessment of the Oro property in New Mexico. Surface exploration consisting of prospecting and trenching is planned to resolve targeting prior to permitting the next phase of drilling on the project. 2016 [...]

The number one reason to buy gold bullion given the new risks in the 21st century digital age is “cyber financial warfare,” Jim Rickards, Chief Global Strategist at West Shore Funds told “Bloomberg Markets” this week.The respected analyst and best selling author has just released his new book, 'The New Case for Gold' and discussed the risks that digital money and wealth pose to all investors and savers today. He also talks about the Federal Reserve, China's gold buying strategy, why gold is safer and more liquid than stocks, bonds and cash and tells Scarlet Fu and Alix Steel why “gold is going [...]

Trevali Mining Corporation (TSX:TV) announced initial results from its 2016 underground exploration drill program that tested recently discovered mineralization in the hanging wall to the Magistral North deposit at its Santander zinc mine in Peru. As quoted in the press release: All drill holes intersected very significant sulphide mineralization both within the main Magistral North body as well as in the newly discovered Oyon mantos (Table 1). The intercepts are near existing mine infrastructure and will be quickly added into the near-term (2016-2017) mine plan. Mineralization in both the Magistral North deposit and the new Oyon mantos remains open for expansion [...]

The fight over the future of the global gold market, London's 300 year old role in the market and the LBMA's role in determining price makes Bloomberg's lead article today and we contribute. The article begins:“There's a competition brewing to figure out how the world's largest gold-trading hub can get bigger and better.”Bloomberg“Much of the $5 trillion in transactions cleared every year in London is done by telephone or in electronic chat rooms and are the same kind of one-on-one deals that gave birth to the marketplace three centuries ago. But traders and bankers say the system may not provide [...]

Mines Management Inc. (TSX:MGT,NYSEMKT:MGN) announced its financial and operating results for the full 2015 year, also commenting on the permitting process for its Montanore silver project in Montana. As quoted in the press release: As of December 31, 2015, our aggregate cash, short term investments, and long term investments totaled $1.2 million compared to $3.9 million at December 31, 2014. The net cash used in operating activities during 2015 was $4.3 million compared with $5.6 million utilized in operating activities in 2014. Operating activities for both years consisted primarily of permitting, environmental and engineering expenses for the Montanore Project, general [...]

The Perth Mint's sales of silver coins and especially Silver Kangaroos surged again in March and saw the second highest levels of silver coin demand on record as silver buyers in the western world continue to accumulate silver at what they believe to be depressed silver prices. Silver stackers continued to accumulate silver coins and bars and the new silver nugget or kangaroo coins (1 oz and 5 oz) saw very high levels of demand.To keep up with very robust global demand, The Perth Mint has produced 7.5 million Australian Kangaroo 1oz silver bullion coins since it was released less than 8 [...]