bullion@bullionsingapore.com

While Soma Gold Corp.’s stock took a hit after its CEO stepped down temporarily, with expanding production numbers and gold set to rise this year the company’s future “could scarcely be brighter,” one analyst noted. While Soma Gold Corp.’s (TSXV:SOMA;OTC:SMAGF;WKN:A2P4DU) stock took a hit after its CEO stepped down temporarily, with expanding production numbers and […]

Silver demand is expected to hit 1.2 billion ounces this year. That would rank as the second-highest annual silver demand on record. Record industrial demand for silver is expected to drive overall silver offtake this year, according to an article in the latest edition of the Silver Institute’s Silver News. Worldwide silver demand is expected

Gold future prices closed at a record high level on Friday with renewed hope that the Federal Reserve will begin easing off interest rates sooner rather than later. Gold for April delivery rose by $41 on Friday, a 2 percent gain, settling at $2095.70. That was a record close for the most actively traded contract.

The mainstream financial media is reporting that inflation is coming down. It’s not coming down to the Federal Reserve’s supposed 2% target – let alone low enough to cease being a persistent problem for millions of families. Nor is it even clear that the rate of price level increases is on a path lower in

By Jesse Colombo For the past few years, gold has been treading water with no clear direction and causing even the most die-hard gold bugs to scratch their heads in confusion regarding the yellow metal’s next major move. Though gold surged during the most acute phase of the 2020 COVID-19 pandemic due to the unprecedented

Well, the year 2024 is already 1/6th in the books and we’ve reached the month of March. Many experts and analysts have been pointing to March in the expectation that it will be a rather volatile month across all “markets”. For once, those “experts and analysts” are likely to be correct. As March begins, we

While your paycheck might be a little fatter, you’re actually earning less because price inflation continues to gobble up your paycheck. As pundits and politicians slice and dice various inflation reports, debating whether or not the Fed has finally tackled inflation, things aren’t getting any better where it really matters – in your pocketbook. On

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear the conclusion of our fascinating interview with monetary and constitutional expert Edwin Vieira. Edwin continues breaks down some of the fascinating history of money and central banks in the United States. So, stick around for the second half of Mike Maharrey’s

What drives the price of silver? Understanding silver pricing can be tricky because of the metal’s dual nature. It is an industrial commodity, but fundamentally, silver is money. A recent report by the Silver Institute attempts to untangle the various factors that go into the price of silver, noting that it’s a difficult job. “The

February comes to an end and spot gold finishes above $2000 for the fourth consecutive month. This is a very encouraging development so let’s take some time to talk about it today. And let’s take some time to talk about a number of other items, as well. Both PMs bounced today on calm inflation and

Seabridge Gold Inc. announces it has filed a new technical report for its 100%-owned Courageous Lake project in the Northwest Territories that makes the operation “considerably more sustainable and profitable.” Read why at least one analyst agrees. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced it has filed a new National Instrument 43-101 technical report for its

If mainstream financial news organizations ever work up the courage to report honestly about monetary gold, the commanding heights of the issue will have been mapped out for them by U.S. Rep. Alex X. Mooney, R-West Virginia. After all, where can investigative journalism start better than with questions that have already been shown to be

Owning silver and gold is a good way to hedge against counterparty risk. What exactly is counterparty risk? In simple terms, it is the possibility that the party on the other side of a transaction might not fulfill its obligation. For instance, if I loan you $200, there is always a chance that you won’t

The week has been dreary and dull with Comex gold trading within a narrow, $16 price range. The latest CPE data is due in the morning so perhaps we’ll see more volatility tomorrow. If we do, which direction will that volatility take price? Let’s talk about that today. But boy oh boy, has this ever

Even as the gold market continues to hover seemingly without finding any traction above US$2,000 an ounce, and the Fed signals it’s in no hurry to cut interest rates, some analysts continue to see bright skies ahead this year for the precious metal. Even as the gold market continues to hover seemingly without finding any

Global Analyst Adrian Day reviews year-end financials from several companies in the resource and global markets. Most of them had some disappointing news in their results, according to Day, but he leads with a junior that received some unvarnished great news. Orogen Royalties Inc. (OGN:TSX.V) received good news when AngloGold Ashanti Ltd. (AU:NYSE; ANG:JSE; AGG:ASX;

Barry Dawes of Martin Place Securities shares his thoughts on the current state of the gold market and where he believes it is headed. Gold is still holding on, but sentiment is very poor. Will it hold above US$2000 for another monthly close in February? Keypoints Gold Another monthly close above US$2000 would be

Another day of quiet trading across the “markets” as the bond market, the POSX, CDG and CDS were all mostly UNCH on the day. That sort of quiet trading may continue tomorrow, as well, before some important economic datapoints hit on Thursday and Friday. But a quiet trading day does not make for an uneventful

For those of us that study sound money, much of the following may be familiar territory but for most people, it is a strange new world to which they have never given much thought. Please feel free to distribute this short essay, if you feel it is worthy, to any friends or family members in

Dominic Frisby of The Flying Frisby newsletter shares his thoughts on one gold stock he believes may be in the middle of a major change. The management of a certain gold company I know is normally very communicative, especially with me. Lots of texts, emails, and all the rest of it. They are mining promoters,

The new week begins with Comex option expiration day and prices narrowing in on the levels we first discussed on Wednesday of last week. Big shock there. But that’s just for today. The rest of the week will be busy with plenty of news scheduled to provide volatility. So welcome to the new week and

Michael Ballanger of GGM Advisory Inc. shares his thoughts on current movements in the stock market as well as one gold stock he believes is a Buy. If Nvidia (NVDA:NASDAQ) is the poster child for “irrational exuberance version-2024,” then the clarion call for “irrational revulsion” must be Newmont Corp. (NEM:NYSE), the largest gold producer in

View Important Disclosures for this Article Close Important Disclosures: This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader

Dakota Gold Corp. announced assay results additional drill holes from its Richmond Hill gold project in South Dakota, including an assay of 1.71 grams per tonne gold (g/t Au) over 42.8 meters. Find out why the area was once called the “Richest 100 Square Miles” on Earth. Dakota Gold Corp. (DC:NYSE American) announced assay results

This post reviews BullionStar’s financial performance and milestones for the financial year ending 30 June 2023 (FY 2023). At BullionStar, transparency in sharing our financial performance is a key part of our tradition. We provide detailed insights into our sales data, highlighting demand for different precious metals products and categories, along with other significant developments.

The week ends with a green candle for Comex gold with the spot price finishing above $2000 for the 14th consecutive week. Not too shabby considering all of the headwinds we’ve had to endure since late December. Next week brings some actionable economic data as well as the March contract expirations so expect more volatility

Infinitum Copper Corp. announced it has applied for a mining permit for its La Adelia project in Mexico. Infinitum Copper Corp. (INFI:TSX) announced it has applied for a mining permit from the environmental authority in Mexico after it received the results of metallurgical test work. A Mining Impact Assessment (MIA) has been completed and submitted

Barry Dawes of Martin Place Securities takes a look at the current state of the gold market and where he believes it is headed. Gold is setting up for a move very soon Technicals at key pressure points NST is a global leader. Key Points Gold Getting ready to move higher Technicals tight

Technical Analyst Clive Maund shares why he believes Strikepoint Gold Inc. is a Strong Buy. This is believed to be the perfect time for investors interested in junior mining stocks to move in and buy StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB) for a variety of fundamental and technical reasons. Starting with the fundamental reasons, the stock

Defense Metals Corp. has a CA$4.25 NAV per share, according to an Agentis Capital report. Michael Gray and Jake Savage of Agentis Capital wrote in a February 21 research note that they updated their discounted cash flow (DCF) model that uses an 8% discount rate for Defense Metals Corp.’s (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) fully-owned Wicheeda rare

View Important Disclosures for this Article Close Important Disclosures: Seabridge Gold Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.  Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.  This article does

Ron Struthers of Struthers’ Resource Stock Report shares his belief that all the strong growth and more is already priced into Nvidia. Meanwhile, a deep value situation like Greenbriar Sustainable has been overlooked, according to Struthers, but not for long. A lot of investors simply jump on momentum, like the recent Magnificent 7. However, the

Global Analyst Adrian Day reviews year-end financials from three major gold companies on his list. Although he believes there were some negative aspects, they were for the most part positive. Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) reported another strong quarter, with both production and earnings-per-share higher than estimates and above guidance. It took impairment charges

This additional funding highlights the importance to the U.S. military of a domestic supply of the metal, noted a Roth MKM report. Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) received more funding, in the amount of US$34.6 million ($34.6M), from the U.S. Department of Defense to continue advancing its Stibnite gold-antimony project in Idaho, reported Roth MKM

Gold has been on a lot of people’s minds lately. As conflicts embroil Ukraine and the Middle East and inflation eats away at the foundations of many national economies, the yellow metal is seemingly back in fashion with aplomb, briefly punching through the significant US$2,000/ounce psychological barrier in November of last year and hovering just

Seabridge Gold Inc. has updated a three-dimensional view of its 3 Aces project in the Yukon Territory as it looks for continuous gold mineralization. See why one newsletter writer is “table-pounding bullish” on the company. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced that the 2023 drill results from its wholly owned 3 Aces project in the Yukon Territory contributed

View Important Disclosures for this Article Close Important Disclosures: Defense Metals Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.  As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Defense

View Important Disclosures for this Article Close Important Disclosures: Perpetua Resources Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.  Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.  This article does

View Important Disclosures for this Article Close Important Disclosures: Seabridge Gold Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific

Source: Adrian Day 02/14/2024 Global Analyst Adrian Day reviews recent earnings from some high-yielding stocks, domestic and foreign, as well as looks at recent developments at a few resource companies on his list. He notes that the recent decline in resource stocks presents several buying opportunities. Ares Capital Corp. (ARCC:NASDAQ) reported another strong quarter, with

Source: Michael Ballanger 02/13/2024 Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of the market, specifically the copper and gold sector. The “Drive for Five” (as in FIVE thousand for the S&P 500) is now complete. With a 29.6% allocation comprised of the “Magnificent Seven” mega-cap stocks that have led

The federal government’s budget deficit was “only” $21.93 billion in January. That was a significant improvement over the $129 billion shortfall recorded in December. But don’t throw the confetti. The smaller deficit was primarily due to increased government receipts thanks to a big drop in tax refunds. But the Biden administration is still spending like

As we embrace the Chinese New Year, the Year of the Dragon stands before us, a time that’s not just about festive celebrations but also brings a wave of prosperity and good fortune. In Singapore, the dragon isn’t just another zodiac animal; it’s a symbol of power, wisdom, and success, casting a wide-reaching influence on

SINGAPORE: Singapore on Tuesday (Feb 6) passed amendments to existing laws to strengthen controls against proliferation financing, or financing aimed at evading sanctions and proliferating weapons of mass destruction. The changes, proposed under the Prevention of Proliferation Financing and Other Matters Bill, would allow Singapore to adhere to updated requirements set out by the Financial

The Royal Mint, which is the United Kingdom’s official government mint, is taking a growing interest in Singapore and Southeast Asia’s bullion market and is expanding its presence and product offerings in the gold and silver-hungry region. With an illustrious history going all the way back to 886 AD, The Royal Mint is one of

Idaho Strategic Resources Inc. saw record gold production in 2023, according to a Roth MKM research note. In a January 29, 2024 research note, Roth MKM analyst Mike Niehuser reiterated a Buy rating on Idaho Strategic Resources Inc. (IDR:NYSEAMERICAN) with a US$9 price target. The Idaho-based mining company has seen record gold production at its

Julia is a partner with PwC Singapore’s Digital Regulatory Risk & Compliance practice. She is a risk and transformation specialist advising banks, wealth managers, capital markets intermediaries and non-FIs on digital transformation strategy and execution, risk & regulations, controls and governance.   With over 20 years of experience, she has led core banking, compliance, operational

Singapore: Smugglers in Singapore have been approaching Indian migrant workers flying home via Changi Airport to act as ‘gold mules’ by carrying jewellery in exchange for a fee, according to a media report on Sunday. Travellers who show an interest in being a gold mule are directed to a quiet spot in the airport, where

There has been a significant imbalance in the physical silver market for the last 3 years with annual silver demand exceeding annual silver supply. This is a problem since when silver demand is greater than silver supply, the extra demand (deficit) must be met by eating into the world’s finite and limited above-ground silver stockpiles.

All eyes were on the FOMC yesterday as they met for the final time in 2023. In the weeks running up to the meeting Fed officials stuck to the brief of sounding flexible when it came to questions asked about the direction of rates. For the last few months, FOMC members have repeatedly been asked