Blog

Precious metals continue to look  very undervalued vis a vis most asset classes – particularly stocks and bonds.This is especially the case with silver which has fallen by more than 70% from what we believe was an intermediate price high of $49 in 2011 – despite surging demand for silver bullion coins and bars from canny buyers investing in silver. Silver Eagle Sales – Full Year 1996 and First 19 Days of 2016 Silver is currently trading at just over $14.25 per ounce – 1/77th of the price of gold at $1,100/oz. GoldCore continue to believe that silver will surpass its non-inflation adjusted, [...]

The gold price ended last week below $1,100 per ounce, but this week was back above that level once again. It rose as high as $1,106.20 on Wednesday, and since then has bobbed above and below the $1,100 mark — as of 12:00 p.m. EST on Friday it was changing hands at $1,098.80.  Commenting on this activity in the gold space, Kitco states that Friday has brought fewer safe-haven buyers into the market. A firmer US dollar index "is also limiting the upside in the precious metals markets." Unfortunately for gold bugs, many market watchers don\'t believe gold has reached the end [...]

Gold futures pulled back for a second day in a row, paring their weekly gains, as crude oil bounced and global stock markets rallied. Gold for February delivery shed $1.90, or 0.2%, to settle at... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Located in Idaho, American CuMo Mining‘s (TSXV:MLY) CuMo project is impressive. It\'s the largest unmined moly project in the world, but also contains significant copper and silver credits — in fact, it holds so much silver that it\'s one of the 25 top silver deposits in the world. At the moment, American CuMo is moving forward to feasibility at CuMo. Its most recent step toward that goal came last week, when it announced that CuMo is amenable to "significant upgrading" using ore-sorting technology. To find out what exactly ore-sorting technology is, and how it could benefit American CuMo, the Investing News Network spoke with [...]

The U.S. Mint is seeing "astounding" demand for gold and particularly silver coins as covered by us in recent months and as noted by Frank Holmes of U.S. Funds writing in Gold Seek today.In his excellent weekly SWOT analysis – strengths, weaknesses, opportunities and threats – of the precious metal markets, Holmes notes that:Over the past five days investors bought 26.8 metric tonnes of bullion through exchange-traded products backed by the metal, according to Bloomberg (see chart above). In addition, Reuters says gold and silver demand is off the charts; the U.S. Mint sold nearly as much gold on the [...]

Gold futures retreated Thursday from their sharp prior-day gains as investors grabbed some profits and rebounding stocks dimmed the yellow metal\'s safe-haven appeal. Gold for February delivery... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

CoinNews.net announced that silver futures for March delivery rose for the second session in a row on Tuesday, increasing by 1.6 percent to reach $14.121 per ounce. Meanwhile, the US Mint reported strong bullion sales Tuesday, noting that it sold 950,000 1-ounce silver American Eagle coins. As quoted in the market news: The U.S. Mint is rationing 2016 American Silver Eagles because of silver planchet shortages. The agency set the Silver Eagle sales limit this week at 1 million coins, leaving 50,000 left until more become available next week. Buyers have scooped up nearly 5 million since their launch on Jan. [...]

For immediate release: January 20, 2016 (Temecula, California) -- Nominations now are being accepted for the 2016 Professional Numismatists Guild (www.PNGdealers.org) awards, according to PNG Executive Director Robert Brueggeman and President Dana Samuelson. "The annual PNG awards have become benchmarks for publicly recognizing outstanding achievements in the hobby and the profession. We cordially welcome and strongly encourage nominations from collectors and dealers," said Brueggeman. "The award winners will be announced at the annual PNG Day summer banquet that will be held in Anaheim, California on August 8, 2016, the eve of the American Numismatic Association\'s World\'s Fair of Money (www.worldsfairofmoney.org)," [...]

Mining Weekly reported that the Canada Revenue Agency (CRA) has notified Silver Wheaton Corp. (TSX:SLW,NYSE:SLW) that it will be reassessing international transactions the company made during the 2011 to 2013 taxation years. The company may have to pay a further $310 million in tax for the period. As quoted in the market news: The TSX- and NYSE-listed company was already embroiled in an acrimonious standoff with the CRA over the agency’s reassessment of Silver Wheaton’s 2005 to 2010 taxation years, and collect taxes on income earned by Silver Wheaton’s offshore subsidiaries. Silver Wheaton, which provided financing to miners in exchange for [...]

Marc Faber, editor of the “Gloom, Doom & Boom Report,” has advised investors that now is a good time to invest in gold  because stocks will crash over 40% and the world is on the verge of a new liquidity and debt crisis.Faber says investors would be prudent to diversify into safe haven in gold bullion which has risen 3% this year and is currently at $1,096 an ounce.He recently told MarketWatch that the stock-market downturn could result in stocks hitting lows not seen in five years.Faber warns that the S&P 500, which fell to 1,881 yesterday, could drop to its 2011 low below 1,200."According to [...]