bullion@bullionsingapore.com

<p><span style="font-weight: 400;">On the Money Metals podcast, host Mike Maharrey spoke with </span><a href="https://www.stonex.com/en-us/market-experts/rhona-o-connell/&quot; target="_blank" rel="noopener"><span style="font-weight: 400;">Rhona O&rsquo;Connell</span></a><span style="font-weight: 400;">, StoneX&rsquo;s head of market analysis for Europe, the Middle East, Africa, and Asia. O&rsquo;Connell discussed the shifting U.S. political landscape, interest rates, debt, private credit, and the changing structure of Asia&rsquo;s precious metals market.</span></p>

Adamera Minerals Corp. (ADZ:TSX.V; DDNFF:OTCMKTS) has completed its induced polarization (IP) survey at the Max copper-gold target at the South Hedley Project in British Columbia, defining a large chargeability anomaly 18 km (kilometers) from Hudbay Minerals Inc.’s (HBM:TSX; HBM:NYSE) operating Copper Mountain mine, highlighting the exploration potential of the junior explorer’s South Hedley property within

Key Investor Takeaways High-Grade Gold Intercepts: Goliath Resources reported 14.61 g/t gold equivalent (AuEq) over 6.00 meters and 11.88 g/t AuEq over 4.00 meters within the Surebet Zone high-grade core at its Golddigger Property in British Columbia’s Golden Triangle. Drilling Success: The completed 2026 program totaled 48,443 meters across 97 holes, with all

<p><span style="font-size: 1.125rem;">ETFs around the world continued adding gold to their holdings in October. However, the pace of gold accumulation slowed, with metal flowing out of North American funds.</span></p> <p>ETFs globally added a net 19 tonnes of gold valued at $2.7 billion to their holdings in October. That drove cumulative ETF gold stocks to a

<p>On my desk sits a very small jar containing gold flakes. My grandparents panned the gold from an Alaskan river back in the 1950s.</p> <p>There&rsquo;s not much gold in the jar &ndash; far less than a gram. And to hear my grandmother tell it, they paid for that gold in blood.</p> <p>Literally. &nbsp;</p> <p>Apparently, mosquitoes

<p>Picture a grandfather who keeps a single gold coin in a small envelope in his desk drawer. He never spends it, never sells it, and rarely talks about it. Ask him why he holds on to it and the answer is short: &ldquo;Because paper changes and this doesn&rsquo;t.&rdquo;</p> <p><span>He is not an economist. He has

<p>Welcome to this week&rsquo;s Market Wrap Podcast, I&rsquo;m Mike Gleason.</p> <p>Coming up don&rsquo;t miss a wonderfully informative interview with Rhona O&rsquo;Connell, Head of Market Analysis with StoneX Financial &ndash; a global leader when it comes to financial services, commercial hedging, foreign exchange and physical commodities. Rhona has over 40 years of experience as a commodities

Key Investor Takeaways TruSilver Metals Corp. began trading on the TSX Venture Exchange on October 27, the same day a drill rig began mobilizing to its 100%-owned Sturgis-Walton Silver Project. The first hole, ST-2026-01A, is planned to be about 700 meters long to test the Sturgis Target, a gravity anomaly more

Key Investor Takeaways Talon Metals Corp. expects to complete the Tamarack feasibility study in Q4 2026, and newsletter writer Robert Sinn said the study could also include an update on Talon’s agreement with Rio Tinto. Talon owns 51% of Tamarack and has an earn-in right to 60%. According to Sinn, it reaches 60%

Key Investor Takeaways Canagold Resources Ltd. reported high-grade gold-antimony intercepts from four more holes at its New Polaris Gold Project, including 4.62 meters of 37.7 g/t gold and 4.57% antimony in hole NP26-10A. CEO Catalin Kilofliski said most of the intercepts fall outside the current mineral resource model and mine plan,

<p><span style="font-weight: 400;">Gold&rsquo;s sharp Friday sell-off caught investors&rsquo; attention. The metal fell below $4,000 an ounce even as bond yields declined and the U.S. dollar weakened modestly, conditions that would usually support gold.</span></p> <p><span style="font-weight: 400;">On the latest </span><i><span style="font-weight: 400;">Money Metals Midweek Memo</span></i><span style="font-weight: 400;">, host Mike Maharrey explains what may have driven the

<p>Central bank gold buying reached its highest level of the year in September, pushing third-quarter purchases well above the five-year quarterly average.</p> <p>Central banks globally increased their gold reserves by 321.2 tonnes in the third quarter. That was a 42 percent year-on-year increase.</p> <p><img src="https://www.moneymetals.com/uploads/content/central-bank-gold-buying-q3-26.png&quot; width="700" height="396" class="mx-auto p-3" alt="" /></p> <p>Reported central bank gold

<p>How do you like gridlock?</p> <p>There will likely be plenty of it in Washington, D.C.</p> <p>The Blue Wave swept across the political landscape, leaving Democrats in firm control of both congressional chambers.</p> <div x-data=" item_id: undefined, view: null " x-html="view || 'Product-Random-Best'" x-init="view = await (await fetch('/shortcodes/product/random/best?category=all')).text()">!!–Product-Random-Best-All–!!</div> <p>With a few elections &ldquo;too close to call,

Key Investor Takeaways Matthew Piepenburg of Von Greyerz sees silver’s selloff as a buying opportunity while what he calls an AI bubble draws money away from metals. Silver trades about 59% below its January record of US$121.62 an ounce, but the Silver Institute still expects 2026 to be the sixth straight

Key Investor Takeaways Vince Lanci of GoldFix sees gold at US$10,000 an ounce and inflation at 10% within two to five years. He expects cracks in credit and Treasury markets and a break in the AI bubble. Lanci said he is preparing to buy gold at US$3,500 to US$3,800 an ounce

Robert Sinn, a mining investor and market commentator, recently highlighted VR Resources Ltd. (VRR:TSXV; VRRCF:OTCQB; 5VR:FSE) in his November 1, 2026, market analysis, pointing to the company’s cash position and plans to resume drilling at its New Boston molybdenum-copper-tungsten-silver project in Nevada. His comments came amid heightened volatility across metals markets, as macroeconomic uncertainty and

<p>The free silver movement was a push in the late nineteenth century to make the U.S. Mint coin all the silver people brought to it. This would give silver the same coining treatment as the Mint gave to gold.</p> <p>Backers wanted more money in circulation so farm prices would rise and debts would be easier

<p>Gold and silver sold off sharply on Friday. The move was somewhat unusual because bond yields also dropped. This is typically supportive of gold.</p> <p>So, what happened?</p> <p>In this episode of the Midweek Memo, host Mike Maharrey explains the sell-off dynamics, why we could see more near-term selling pressure, and why he remains bullish on

Lux Metals Corp (LXM:TSXV; BBBMF:OTCMKTS) has released copper assay results from its first 2026 drill hole at the La Grande gold project in Québec’s James Bay region, confirming significant copper alongside previously reported high-grade gold at Zone 32. Key Investor Takeaways Lux Metals’ first 2026 drill hole at Zone 32 delivered 0.71% Cu (copper)

<p>Gold demand was steady in the third quarter despite consistent pressure from rising interest rates and inflation worries.</p> <p>Total demand in Q3 was 1,369 tonnes, a modest 1 percent decline year-on-year. That drove year-to-date demand to 3,881 tonnes, virtually identical to last year&rsquo;s 3,884-tonne record through the same period.</p> <p>In value terms, third-quarter demand totaled

<p>At its core, silver is a monetary metal; however, it has extensive industrial applications. Technology and industrial applications account for about 60 percent of silver&rsquo;s annual demand.</p> <p>Silver has the highest electrical conductivity of any metal at room temperature. It also boasts the highest thermal conductivity of any metal and has antibacterial properties.</p> <p>Scientists are

Zodiac Gold participated in Liberia’s inaugural International Mining & Energy Conference and Expo (LIMEC 2026), where government officials and industry leaders discussed investment opportunities, regulatory priorities, and the country’s mining and energy development plans. Following the two-day event, CEO David Kol described the conference as a success, while Liberian president Joseph Nyuma Boakai Sr. outlined

Key Investor Takeaways Australian Government Financing: Energy Fuels Inc. received conditional commitments totaling up to AU$180 million (US$126 million) from two Australian government financing institutions toward a proposed AU$200 million debt facility for the Donald Rare Earth and Mineral Sands Project. Final Investment Decision: The company is targeting a final investment decision for

Key Investor Takeaways British Columbia’s Conservatives won the October 24 election and promised to cut red tape, and the province’s reconsideration of Seabridge’s KSM project will now play out under the new government. KSM’s 2014 environmental certificate depends on the province’s finding that the project was substantially started by July 2024.

The November 3, 2026, U.S. midterm elections are approaching as gold investors assess the potential implications of changes in congressional control. The outcome could influence the administration’s legislative agenda, spending plans and approach to geopolitical conflicts, with possible consequences for gold prices. Key Takeaways The November 3 U.S. midterm elections could influence gold through

Key Investor Takeaways Contango Silver and Gold Inc. drilled 56,492 meters at Kitsault this season, about 40% more than planned and on budget, with assays due over the next two to three months. The 2026 drilling will feed a Kitsault resource update in the first half of 2027 and an Initial

Key Investor Takeaways Three Near-Term Operational Milestones: Sierra Madre Gold and Silver Ltd. is advancing higher-grade production at San Raphael, commissioning a new ball mill in November, and increasing processing throughput at its La Guitarra mine in Mexico. Processing Throughput Climbs More Than 40%: In September, La Guitarra reached up to a steady

Newcore Gold Ltd (NCAU:TSXV; NCAUF:OTCQX) has intersected high-grade gold mineralization below the limits of the pits constraining current mineral reserves at the Nyam gold deposit within its Enchi gold project in Ghana. Key Investor Takeaways Newcore continues to deliver high-grade intercepts below current reserve pits at Nyam, highlighting potential for resource growth and mine

Being leveraged during a liquidity squeeze is like playing with matches in a gunpowder factory — not a very wise practice. As the fateful month of October was drawing to a close, we learned the hard way how leverage creeps into the markets led by levels of avarice that commonly arise during periods of extreme

<p>No single person or group discovered silver and left a record of it in history. It appears in the archaeological record as early as the fourth millennium BC, with the oldest securely dated pieces coming from Tepe Sialk in Iran.</p> <p>Early metalworkers learned to pull silver out of lead ore. Later, people weighed it out

<p>Fiat money is currency that has value because a government says it does. No gold, silver, or other commodity backs it.</p> <p>For several decades, the U.S. dollar has been fiat money. The Federal Reserve writes that its notes &ldquo;<a href="https://www.federalreserve.gov/faqs/currency_12770.htm&quot;>are not redeemable in gold, silver, or any other commodity.</a>&rdquo;</p> <p>This guide explains what fiat money

<p>Gold is acting weird.&nbsp;</p> <p>It sold off steeply Friday, despite falling bond yields and a modestly weaker dollar.</p> <p>Paradoxically, the mainstream continues to blame weakness in the gold market on inflation worries.</p> <p>So, investors are dumping their <a href="https://www.moneymetals.com/news/2024/06/18/golds-role-as-an-inflation-hedge-in-the-21st-century-003263&quot;>inflation hedge</a>.</p> <p>As I said, gold is acting weird.</p> <p>Or maybe it&rsquo;s more accurate to say investors

<p>Gold and silver are staging a welcome rebound this morning after another brutal week for precious metals investors.</p> <p>Gold has recovered to around <a href="https://www.moneymetals.com/gold-price&quot;>$3,960 an ounce</a>, while silver has climbed <a href="https://www.moneymetals.com/silver-price&quot;>back above $51</a> after plunging nearly 9% last week.</p> <div x-data=" item_id: undefined, view: null " x-html="view || 'Product-Random-Featured'" x-init="view = await (await

<p><em>&ldquo;Prices are information wrapped inside an incentive.&rdquo; ~ <a href="https://learn.mru.org/lessons/information-problem-economics-hayek&quot; target="_blank" rel="noopener">Alex Tabarrok</a>, Economics PhD</em></p> <p>Monetary systems convey information about priorities, scarcity, preferences, and trust among individuals and societies.</p> <p>Money is more than a generally accepted medium of exchange. It serves not merely as the primary payment asset for any particular community, but as an

<p><span style="font-weight: 400;">Money Metals podcast host Mike Maharrey interviewed </span><a href="https://tinyurl.com/552ta2s6&quot; target="_blank" rel="noopener"><span style="font-weight: 400;">Steve Penny</span></a><span style="font-weight: 400;">, founder of </span><a href="http://silverchartist.com" target="_blank" rel="noopener"><span style="font-weight: 400;">SilverChartist.com</span></a><span style="font-weight: 400;">, about precious metals investing, silver&rsquo;s sharp correction, gold&rsquo;s outlook, and strategies for navigating volatile markets. Penny described a plan that combines physical metals, mining stocks, and options

Key Investor Takeaways CA$9.8 Million Financing Closed: Goliath Resources Ltd. completed a non-brokered private placement with institutional support, issuing 6,057,000 flow-through shares at CA$1.62 per share, a significant premium (~40%) to the current share price. No warrants issued or finder’s fees paid. Approximately CA$27.5 Million Cash Position: The financing brings Goliath’s anticipated cash

Key Investor Takeaways Goldboro Development Advances: NexGold Mining Corp. commenced early works construction at its fully permitted Goldboro Gold Project in Nova Scotia, advancing site preparation, engineering, and procurement activities. Construction Decision Targeted for 2026: NexGold continued preparing for a potential final investment and construction decision, supported by an updated Feasibility Study targeted

Goldsky Resources Corp. (GSKR:TSXV; GSKRF:OTCQX; HEG0:FSE; GSKR SDB:FNSE) reported assay results from its 2026 winter drill program at the 100%-owned Rajapalot Gold-Cobalt Project in Northern Finland on October 27, 2026. Highlights included 12.6 meters (m) grading 233.56 grams per tonne (g/t) gold (Au), uncut, at the Raja zone and 17.35 m grading 16.46 g/t Au

Star Gold Corp. (SRGZ:OTCQB) reported a US$87 million pre-tax net present value (NPV) and a 48% internal rate of return (IRR) for its 100%-controlled Longstreet Gold-Silver Project in Nevada, according to a September 2026 Preliminary Economic Assessment (PEA). The study, prepared by Kappes, Cassiday, & Associates in accordance with U.S. S-K 1300 standards, uses assumed

Juggernaut Exploration Ltd. (JUGR:TSX.V) has confirmed extensive high-grade gold mineralization over a 550 m (meters) by 500 m area at the Goldswarm Discovery on its 100% controlled Big One property in British Columbia’s Golden Triangle, with surface samples assaying up to 239.02 grams per tonne gold (g/t Au). The zone remains open and is now

Alex Metals Corp. (ALX:TSXV; ALXMF:OTCQB) has reported its first drill results from the KSO VMS project in Southeast Alaska, intersecting multiple intervals of copper-gold-rich volcanogenic massive sulphide (VMS) mineralization near surface at the Khayyam target and announcing the discovery of the new Triple G VMS target 2 km (kilometers) to the west. Key Investor Takeaways

Key Investor Takeaways Omineca has regained full control of its flagship Wingdam underground paleoplacer gold project in British Columbia after the bankruptcy trustee for its former joint venture partner, D&L Mining Corp., gave up D&L’s interest. Omineca has taken over management of the mine site and engaged PSI Mining to take

Key Investor Takeaways US$40 Million U.S. Army Award: Perpetua Resources Corp. received an award of up to US$40 million to advance domestic tungsten exploration at its Stibnite Gold Project in Idaho. High-Grade Tungsten Discoveries: Recent drilling at Hangar Flats returned 9.8 meters grading 4.6% tungsten and 8.3% antimony, while exploration at Yellow Pine

Key Investor Takeaways StrikePoint Gold Inc. has started a Phase 1 program of about 15,000 meters at its Northumberland Gold Project in Nevada, meeting its goal of drilling within a month of buying the project from Newmont. The fully permitted program on private land is designed to expand and infill the

<p>The <a href="https://www.moneymetals.com/news/2024/03/25/what-is-the-gold-silver-ratio-why-should-we-pay-attention-to-it-003075&quot;>gold-silver ratio</a> is expanding again. This could signal that silver is setting up to resume its bull run. However, plenty of headwinds continue to buffet the market.</p> <h2>What Is the Gold-Silver Ratio?</h2> <div x-data=" item_id: undefined, view: null " x-html="view || 'Product-Random-New'" x-init="view = await (await fetch('/shortcodes/product/random/new?category=all')).text()">!!–Product-Random-New-All–!!</div> <p>The gold-silver ratio shows how many

<p>A lady exchanged C$90,000 in gold and cash for some noodles and bottled water.</p> <p>That doesn&rsquo;t sound like a very good deal, does it?</p> <p>In fact, she was a victim of a scam.</p> <div x-data=" item_id: undefined, view: null " x-html="view || 'Product-Random-Best'" x-init="view = await (await fetch('/shortcodes/product/random/best?category=all')).text()">!!–Product-Random-Best-All–!!</div> <p>It seems like everywhere you turn, somebody

<p>Welcome to this week&rsquo;s Market Wrap Podcast, I&rsquo;m Mike Gleason.</p> <p>Coming up don&rsquo;t miss a tremendous interview with first-time guest Steve Penny of <a href="https://silverchartist.com/&quot;>SilverChartist.com</a>. Steve shares his interesting story and tells us about how his experiences as an Air Force rescue pilot and how the events of 9/11 ultimately laid the ground work for

Algo Grande Copper Corp.’s (ALGR:TSXV; ALGRF:OTCPK; KM00:FSE) newest intercept at Adelita shows that the project continues to deliver strong copper values while revealing a previously unknown gold-rich zone that fits the structural model I have been watching. The company started its fully funded Phase II drill program of 7,200 meters back in June 2026 and

Key Investor Takeaways Algo Grande’s step-out hole AG-CG-PH2-003 discovered a new, gold-rich skarn at its Adelita project in Sonora, Mexico, which the company has named the Margarita Skarn. The hole returned a combined 139.81 meters of 1.3% CuEq from three separate intervals, including 87.98 meters of 1.6% CuEq at the Cerro

<p>The Fed hit the pause button at its October meeting despite <a href="https://www.moneymetals.com/news/2026/10/15/beyond-the-cpi-the-complete-inflation-story-september-2026-005295&quot;>elevated inflation</a> and gave little indication about what comes next.</p> <p>Federal Reserve Chairman Kevin Warsh also announced that the Fed will hold fewer rate-setting meetings in the future.</p> <h2>Fed Does Little, Says Less</h2> <div x-data=" item_id: undefined, view: null " x-html="view || 'Product-Random-Best'"