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Silver is well known for its duality. It’s both a precious and industrial metal, and as a result can take cues from both sectors.  Sometimes that’s a good thing. For example, if both industrial and investment demand for silver are strong, that of course is positive for silver. Similarly, if industrial demand for silver is weak, strong investment demand can balance out that weakness, and vice versa. However, if both industrial and investment demand are weak, that can spell trouble for the white metal. Unfortunately for silver bugs, that last scenario is currently a reality. “Silver is either seen as aligned to [...]

by Dr Constantin Gurdgiev Total sales of U.S. Mint gold coins came in at 44,500 oz per 94,500 coins sold – including both Eagles and Buffalos. This marked a significant decline in sales y/y, with volume by weight down 49.7% y/y and the number of units sold down 33.7%. Average weight of coin sold was down 24.2% y/y to 0.4709 oz per coin.[Click to expand] Total Sales of US Mint Coins since 2006As chart above indicates, October fall-off in demand came after the end of 3Q that saw total volume of coding gold sold by the U.S. Mint rising incredible [...]

CoinWeek previews its favorite lots from Harlan J. Berk’s Mobility Auction V. Covered in this video: Roman Aureus gold coins of Commodus and Hadrian, a miniature Grecian Krater, and a toned 1912 “V Nickel”. *** CoinWeek is the #1 website online for news and information about numismatics. CoinWeek has also won the NLG Award for best numismatic […] The post CoinWeek: Harlan J. Berk Mobility Auction V Preview – Video: 3:01 appeared first on CoinWeek.

- Gold and FX reserves are “additional financial cushion” for state in face of “external uncertainties” – Russia bought another 77 tonnes of gold in Q3 – Ruble volatility does not create risks for financial stability in Russia – Russia intends building fx and gold reserves to $500 billion in coming years – Gold is a “100% guarantee from legal and political risks”Russian central bank governor, Elvira Nabiullina spoke about Russia’s gold and foreign currency reserves today saying Russia intended building them up to $500 billion in the coming years. More importantly, she confirmed that Russia continues to see gold reserves [...]

American CuMo Mining Corporation (TSXV:MLY,OTCPINK:MLYCF) announced it has closed the non-brokered private placement previously announced in its September 29, 2015 news release. As quoted in the press release: The Placement raised gross cash proceeds of $412,500 through the issuance of 5,156,250 units (the “Units“) at a price of $0.08 per Unit, with each Unit being comprised of one common share of the Company and one share purchase warrant (“Warrant“). Each Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.15 for a period of five years from the closing of the Placement, [...]

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