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Commentary for Friday, January 15, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc….   Gold closed up $17.60 today on the Comex at $1091.50. Even with all the fanfare the price of gold has been on the choppy side – even with today’s advance we are down $8.00 on the […] The post Gold & Silver Markets – Gold Closes Higher on Safe Haven Buying as Stocks Stumble appeared first on CoinWeek.

We have just returned from Tampa and the Florida United Numismatists (FUN) show, where we observed brisk dealer-to-dealer trading, a busy bourse floor, and mixed auction results. Dealers we spoke to were happy with the wholesale pre-show and setup day trading, as there were many active buyers and sellers. One mitigating factor to this activity – as has been for the past year – is the limited supply of fresh material, and the most active dealers at the show had a constant flow of new material to offer buyers. Some vendors at the show complained of slow sales, but overall [...]

- 2015 and start 2016 “worrying” for markets - Gold’s long term performance strong in all currencies (see table) - “Improved performance in market for gold coins” - “Demand for U.S. Mint issued gold coins rose 45.6% y/y in weight terms” - “2015 the third busiest year over the last ten years” - Gold has key role of a major diversifier in portfolios2015 was a troubling year for the financial markets. Across currencies, commodities, equities and fixed income, full year performance was lacklustre in terms of aggregate returns and worrying in terms of risk metrics. Market volatility at the outset [...]

The gold price was sitting at $1,090.80 per ounce at 12:00 p.m. EST on Friday after a week of ups and downs — it was as high as $1,107.20 earlier in the week, and hit a low of $1,072.90 on Thursday.  According to Reuters, gold is seeing some support from falling equity markets, which are "underpinn[ing] demand for assets perceived as safer." Gold is certainly one such asset — in times of turmoil, investors tend to turn to it and other precious metals as safe havens. However, despite this week\'s relatively stable performance, many aren\'t convinced that gold\'s troubles are [...]

Canarc Resource Corp. (TSX:CCM,OTCBB:CRCUF) announced an updated resource estimate for its El Compas gold-silver mine in Mexico. Canarc is made up of 23 concessions across 2,900 hectares, and between 2005 and 2010 153 drill holes were completed, outlining high-grade gold and silver mineralization within at least two vein structures. The new resource estimate is as follows: CIM Definition Standards were followed for the Mineral Resource estimates. Mineral Resources are estimated using Vulcan software, and have been reported at a 2 g/t Au cut-off grade. For the purpose of resource estimation, assays were capped at 75 g/t for Au and 700 [...]

Earlier today, Jan. 14, the United States Mint released two 2016 $5 Mark Twain Commemorative Gold Coins. They are available in proof and uncirculated collector qualities and at introductory prices... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

UBS has warned that the seven-year cycle in equities is rolling over, we could see a sharp 30% correction in stocks and that as per the headline of their ‘Technical Outlook 2016′, it is time to "buy gold".In their just released research note entitled ‘The 7-Year Cycle in Equities Is Rolling Over … Buy Gold!\', analysts Michael Riesner and Marc Müller believe the bear market that has dominated the price of gold since 2011 is nearing a bottom, with the "basis for the next multi-year bull market" now taking hold:"Gold we expect to move into a major 8-year cycle bottom in [...]

Fortuna Silver Mines Inc. (TSX:FVI,NYSE:FSM) announced 2015 production results from its two operating mines, San Jose in Mexico and Caylloma in Peru. In all, the company put out 6.6 million ounces of silver and 39,700 ounces of gold during the period. Highlights include: Silver and gold production were 2 % and 13 % respectively above 2015 production guidance Silver production of 6,624,635 ounces; 0.4 % increase over 2014 Gold production of 39,689 ounces; 12 % increase over 2014 Zinc production of 35,828,558 pounds; 31 % increase over 2014 Lead production of 23,834,964 pounds; 48 % increase over 2014 Jorge A. [...]

Great Panther Silver Ltd. (TSX:GPR,NYSEMKT:GPL) reported that explosives have been stolen from one of the mines at its Guanajuato Mine Complex. The company is cooperating with the appropriate authorities, and an internal investigation is underway. As quoted in the press release: The Company has voluntarily suspended the use of all explosives material at the GMC and increased measures to secure the material to facilitate the investigation process and safeguard against further attempts of theft.  As such, blasting-related mining activity has been temporarily halted pending the outcome of the initial inspection by the authorities, scheduled to begin within 24 hours.  The [...]

Tahoe Resources Inc. (TSX:THO,NYSE:TAHO) announced its 2015 production results and provided production and cost guidance for 2016. The company also released exploration results and updated its mineral resources and reserves as of January 1, 2016. Notably, the Peru-based Shahuindo mine has seen an 86-percent rise in gold mineral reserves. In terms of 2015 production, the company said: The Escobal mine concluded its second year of commercial operations with record production in 2015 of 20.4 million ounces (moz) of silver contained in concentrates, within Company guidance of 18 to 21 moz of silver. The La Arena mine achieved record gold production [...]