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Gold bullion jumped 4 percent yesterday to $1,244.20/oz, its biggest single-day percentage rally since 2013. For the week, gold is 7.2% higher which is its biggest weekly gain since the global financial crisis in 2008. Asset Performance - 1 WeekGold and silver have benefited along with high credit government bonds from a rush to safety as investors worry about the health of banks, the banking system and the risk of a global recession. Gold is now 16.7% higher year to date. Analysts and traders see more gains ahead as the weakness in equities is likely to continue.Silver is 6.3% higher [...]

Reports from last week\'s Long Beach show came in mixed. Bourse activity was reported as generally sluggish as several major national dealers failed to attend in person. PCGS also offered a special show cross-over rate for submitters which, we were told, diverted some attention from the other attending dealers who were concentrating on their submission activity, rather than trading on the bourse floor. The trend of coin shows is that activity continues to wane at even the biggest events. Many national dealers simply do not view coin shows as the must-attend events in the past so shows are transforming much [...]

Great Atlantic Resources Corp. (TSXV:GR) announced assay results from a November 2015 diamond drill program completed at its New Brunswick-based Keymet base and precious metals project. As quoted in the press release: The drilling program consisted of four holes totalling 419 metres. Base metal and silver bearing veins were intersected in all four holes, successfully confirming two base metal - silver vein occurrences. Intercepts included 16.68% Zn, 1.11% Cu and 152.0 g/t Ag over 1.80 metre core length in hole Ky-15-3 and 8.68% Zn, 0.29% Cu and 44.8 g/t Ag over 4.3 metre core length in hole Ky-15-4. A gold [...]

Gold has surged over 3% today on increased safe haven demand as stocks and in particular bank stocks see sharp falls. German shares have nose dived again and German colossus Deutsche Bank has fallen over 8%. Futures - 1 Day Relative Performance - Finviz.comA host of negative factors sent investors fleeing riskier assets. Oil prices slid on inventory data and on concerns about slowing global growth as Federal Reserve Chair Janet Yellen warned of several risks facing the U.S. and Chinese economies, and the global economy. Gold and Silver News and CommentaryCentral banks and Chinese buyers helping to spur gold [...]

American CuMo Mining Corporation (TSXV:MLY,OTCPINK:MLYCF) announce that Idaho CuMo Mining Corporation ("Idaho CuMo", a wholly-owned subsidiary of CuMoCo), has finalized an agreement with a private California-based investor for the purchase of up to twelve US$250,000 units of the Company\'s Silver Stream Debentures. As quoted in the press release: Under the terms of the agreement, the investor has purchased two Units for a total of US$500,000 and has been granted an option to purchase an additional two Units before December 31, 2016 and another two Units before December 31, 2017, provided the first two Units are purchased by December 31, 2016. [...]

In one of his starkest warnings yet, Former White House Budget Director (Office of Management and Budget, OMB), David Stockman has warned that banks and the global financial system remain vulnerable and there is likely to be another global financial crisis which will be worse than the first involving "a run on mutual funds and ETFs."Stockman warns in a Bloomberg interview that Deutsche Bank"has a $2 trillion balance sheet and they have a net tangible equity of $66 billion. So that is 3% - "they are leveraged 30 to 1 in terms of net tangible equity.""What is whirling around in [...]

by LCC Writing Team - Littleton Coin Company..... They\'re four little letters, but they can make your mind soar, your heart race, your palms sweat and your toes tingle. L-O-V-E. I can\'t think of any other emotion that can have such a profound effect on a person... Valentine\'s Day Coins, gifts and medals as jewelry [...] The post Love Is In The Air... Coins that show your romantic side appeared first on CoinWeek.

1855 MB Peru 2P Gold Pattern NGC graders have certified a rare 1855 Peruvian Gold Pattern 2 Peso struck at the Philadelphia Mint. Numismatic Guaranty Corporation (NGC) has graded an 1855 Peruvian Pattern 2 Peso in gold that was the first pattern struck by the United States Mint for a foreign country. "Patterns" are sample [...] The post NGC Certifies First World Gold Coin Pattern Ever Struck by United States Mint appeared first on CoinWeek.

Description: The America the Beautiful Quarters Program debuted on the heels of the 50 State Quarters Program and its adjunct District of Columbia and Territories program. Authorized by Public Law 110-456 (source: PDF), the America the Beautiful National Parks Quarter Dollar Coin Act of 2008, called for the "issuance of redesigned quarters dollars emblematic of national parks [...] The post Modern Coins - 2016 America the Beautiful Shawnee National Forest Quarter appeared first on CoinWeek.

As the Long Beach Expo gets underway precious metals have been spiking while the dollar has been sliding. In the past four trading days gold has moved from $1,117 per ounce up to a high of $1,155, a 3% jump and a level not seen since November. In the same time frame silver rose 3.7% from $14.24 to $14.89. Conversely, the U.S. dollar has reversed trend and, after steadily rising for weeks, has dumped nearly 2% with the Japanese Yen and Euro gaining strength. It is poignant to comment on the wider economic climate as stocks and oil continue to [...]