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Gold sunk as low as $1,227.50 per ounce this week, but looks set to end Friday on a high note. The yellow metal was boosted above $1,260 after the US Federal Reserve’s most recent meeting ended Wednesday, and while it’s fallen a little since then, it was still at a respectable $1,253.10 as of 2:00 p.m. EST on Friday. Market participants were cheered following the Fed’s meeting because the central bank said it will leave the target range for the benchmark rate unchanged at 0.25 to 0.5 percent. The decision implies that economic growth in the US is weak, which [...]

Silver rose 2% yesterday and has surged 4% this week to over $16 per ounce as the Federal Reserve flip flopped regarding interest rates and lowered its expectations for rate rises this year from four back to two or just one rate rise due to “global risks.” Silver in USD (1 Year)Gold is flat for the week but has consolidated on the 19% gains year to date and looks well supported especially given the real risk of renewed global and economic financial turmoil. The factors which led to this turmoil remain intact and continue to bubble under the surface, largely [...]

Silvercorp Metals Inc. (TSX:SVM) announced that production at the Ying mining district and the GC mine has gradually been rising back up to normal levels since the end of February, when the Chinese New Year holiday ended. As quoted in the press release: Subsequently, on March 11, 2016, the power line to the TLP and LM Mines was interrupted as nine power poles were damaged by a blast from a government crew working on widening the access road in the direction of the TLP mine. As a result, production at the TLP and LM Mines stopped, but is expected to resume by [...]

Wishing you health, wealth and good luck this Saint Patrick’s Day from all the team in GoldCoreMay your home be filled with laughterMay your pockets be filled with gold And may you have all the happiness Your heart can holdGoldSaver allows anyone to buy and save gold from just €100, £100 and $100 per monthGoldSaver gold holdings are purchased from the Perth Mint of Western Australia. Your gold is stored in their secure vaults, insured and government guaranteed by the highly rated Western Australian government. Deposits and gold holdings are also independently verified by our auditors.The Advantages of GoldSaver:Affordable: Start as [...]

This week we have turned our focus on the Bluesheet to the long-ignored proof-like Morgan dollars series. Proof-like Morgans, or PL's as we often refer to them sit in the middle of regular Morgans and the highly-specialized, and highly-sought after Deep Mirror Prooflikes of the same series. Part of the problem is that it's not always easy for everyone to agree on whether a coin is prooflike or not. A few issues, like 1880-S dollars quite commonly feature some degree of prooflike reflection on their surfaces so the grading services are strict about handing out the designation. Similar reflectivity on [...]

Trevali Mining Corporation (TSX:TV) announced that it has closed its previously announced “best efforts” marketed offering of 46,718,750 common shares of the Company, inclusive of 6,093,750 Shares issued pursuant to the exercise in full of the Agents’ over-allotment option at a price of $0.32 per Share for aggregate gross proceeds of $14,950,000. Trevali intends to use the net proceeds of the Offering for ongoing commissioning and ramp-up expenditures at its Caribou Zinc Mine in New Brunswick, for working capital and general corporate purposes, as more particularly described in the Prospectus. Connect with Trevali Mining Corporation (TSX:TV) to receive an Investor Kit. The post Trevali [...]

The world’s largest reinsurer,  German reinsurer Munich Re is boosting its gold reserves and buying gold in the face of the punishing negative interest rates from the European Central Bank, it announced today.As reported by Thomson Reuters this afternoon:German reinsurer Munich Re is boosting its gold and cash reserves in the face of the punishing negative interest rates from the European Central Bank, it said on Wednesday.The world’s largest reinsurer is far from alone in seeking alternative investment strategies to counter the near-zero or negative interest rates that reduce the income insurers require to pay out on policies.Munich Re has held [...]

My coin shop review of this coin dealer in Winston-Salem NC Apex Gold Silver Coin Located in Winston Salem NC near downtown off broad st is the greatest coin shop i have dealt with which coin dealer has learned his coins i have already been a coin collector and silver bullion stacker for many years. This coin store uses spot cost and paid me cash on my silver coins and precious metal jewelry. I cant say just how much i appreciate the sincere and fair pricing i understand Jeff must earn money but at least he is fair and explains [...]

Our observations from the recently-concluded Dallas ANA National Money Show are that the middle tier of the market – coins in the $500 to $5,000 range – are fairly liquid and consistently sought by dealers. Dealers at the show reported a generally quiet event with better wholesale activity than retail. This is not unusual for mid-winter ANA shows, and the event is nonetheless a good bell-weather for the market as a whole. The Heritage auction brought in just over $8 million and one can see many coins selling at, or slightly above, Greysheet bids. Desirable areas include silver dollars, 20th [...]

Gold and silver’s fundamentals look good and the rally in bullion and gold stocks may have durability points out Frank Holmes of U.S. Funds writing in Gold Seek today.In his weekly SWOT analysis – strengths, weaknesses, opportunities and threats – of the precious metal markets, Holmes notes that:Gold investors are on the longest buying spree in five years, reports Bloomberg, with holdings of the precious metal in exchange-traded funds expanding for 18 days in a row. BCA Research agrees that now is the time to buy gold stocks too, stating in a recent report that while gold has had several false starts [...]