Precious metals futures moved higher in the mid-week trading session Wednesday as the U.S. dollar slipped. Gold's gain was its first in three days. Gold for August delivery rose $6.30, or 0.5%, to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Zinc One Resources Inc. (TSXV:Z, FSE:RH33, OTC:ZZZOF) CEO Jim Walchuck was recently interviewed in a video produced by Market One Media Group. Walchuck discusses the key price drivers in the zinc industry, particularly highlighting the relationship between construction and development projects with steel. He is quoted as stating: “Zinc is the cheapest and best way to prevent corrosion on steel and if you take a look at the use overall of zinc, 90% of it goes towards construction projects.” Walchuck concludes his interview by expressing that there will be a large demand for zinc in the future given current projects [...]
– South African gold production collapsed again in May – down 16% – South Africa production has collapsed 85% from 1,000 tonnes in 1970 to 145 tonnes – Long term, ongoing collapse appears to have deepened – Gold price suppression has destroyed gold mining in South Africa and rest of Africa, impacted African economies, jobs and people – 'Peak gold' or 'plateau gold' production is coming as seen in geological “challenges” while gold demand will remain robust “When these metal prices are suppressed, it actually badly impacts some of the key industries in South Africa. It impacts people's jobs and pensions and the livelihoods of individuals and families. It is [...]
Jewellery is one of those things that can be one of our most precious possessions at one point in our lives, but then a few years later can lie unwanted at the back of a draw. This is probably most true of gold which can be easily styled to suit a wearer at one age, but not another. It should, therefore, come as good news that it is possible to sell gold and make some much needed money. When most of us think about how to sell gold los angeles and other jewelry, the first thing that comes to mind [...]
Hecla Mining (NYSE:HL) has completed its acquisition of Klondex Mines (TSX:KDX,NYSE American:KLDX) for approximately US$153 million and 75 million shares, Hecla announced on Monday (July 23). The deal will result in Hecla owning three high-grade mines in Nevada, which is considered one of the best mining districts in the world. “These assets immediately add production and cash flow, and because they are a good fit with Hecla's expertise, we believe there is significant opportunity for improvement in the mines' productivity and consistency,” said Phillips S. Baker, Jr., president and CEO. Will Silver Go Up This Year? Find out [...]
By Joshua McMorrow-Hernandez The 2018 San Francisco Mint 2018 Silver Reverse Proof Set was released by the United States Mint yesterday at noon Eastern Time and, according to the US Mint, notched a first-day sales total of 114,108 sets sold. This is impressive, as this figure represents nearly 60 percent of the product's maximum mintage of 200,000 sets. There were certainly expectations from the US Mint that the set would sell briskly, as first-day order limits were placed at just 10 per household across all sales channels, including bulk sales. This special 2018 reverse proof set was issued to honor the 50th [...]
Canasil Resources Inc. (TSXV:CLZ) announced assay results from drill hole ES-18-21. This hole intersected the La Esperanza vein, located in the SE of the project area, over a core length of 14.11 metres with strong epithermal textures and disseminated sulphide minerals. The entire vein structure is mineralized returning 12.20 metres true width of 68 grams per tonne silver, 0.11 grams per tonne gold, 1.02 percent zinc, 0.17 percent lead and 0.07 percent copper, with bands of higher grade mineralization as detailed below. Highlights are as follows: The highest grade zone was close to the footwall of the vein structure from [...]
Physical Gold Is The “Best Defence” Against “Escalating Currency Wars” As governments around the world debase their currencies, you need an asset that can ride out the hard times. And nothing fits the bill like gold writes John Stepek of Money Week We've always said that you should have a bit of physical gold in your portfolio (about 5%-10%, depending). And note that, by gold, we do mean gold, not gold miners. If you own the miners (and sometimes it can be a good idea to do so), then you should consider them as forming part of the equity chunk of [...]
Precious metals futures posted narrow changes Tuesday. Gold moved the least, slipping less than 0.1%. Gold for August delivery edged down a dime to end at $1,225.60 an ounce on the Comex division of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Are silver prices going up? That's the big question silver investors want answers to. So far in 2018, prices have oscillated between about $15.70 and $17.55 per ounce. Experts are not necessarily surprised, but of course many are hoping for a better performance before the year ends. Read on to learn about three factors that could affect silver prices this year, and to see what price predictions key firms have made. Then take our poll to let us know where you think prices are headed. Will Silver Go Up This Year? Find out why in your free report. Get My Free [...]