Bullion Blog

<p>Gold and silver are attempting to regain their footing after another brutal week. Gold plunged roughly 4%, finishing just above $4,000 an ounce in its sharpest weekly decline since June.</p> <div x-data=" item_id: undefined, view: null " x-html="view || 'Product-Random-Featured'" x-init="view = await (await fetch('/shortcodes/product/random/featured?category=2')).text()">!!–Product-Random-Featured-2–!!</div> <p>Silver fell nearly 6% to around $54.50 &mdash; its lowest

<p>Russia is demonstrating that gold's role as money has not diminished. It remains a critical monetary reserve asset that can be utilized when conventional revenue and financing are restricted.</p> <p>Russia drew down its gold holdings by another 6.2 tonnes in September. That dropped the country&rsquo;s gold reserves to 2,264 tonnes, the lowest level since 2019.</p>

<p>It is becoming more common for those on the right to be skeptical or downright hostile to free markets. Since President Trump entered the political scene over a decade ago, conservatives have increasingly abandoned free market principles.&nbsp;</p> <p>The same is true for the religious right. Vice President JD Vance, a Catholic and presumptive successor to

<p><span style="font-weight: 400;">Gold and silver may face more near-term pressure, but precious metals analyst Przemyslaw K. Radomski, CFA, does not believe the long-term bull market is over.&nbsp;</span></p> <p><span style="font-weight: 400;">In an interview with Money Metals podcast host Mike Maharrey, Radomski discussed technical warning signs, rising interest rates, the Federal Reserve&rsquo;s policy dilemma, and why gold

Key Investor Takeaways Geophysical Survey Resumes at Las Tinajas: Gelum Resources Ltd. resumed its 2,600-hectare geophysical survey in Chile’s Maricunga gold belt on October 20, 2026, following weather-related delays. Completion is expected in approximately three weeks. Copper-Gold Drill Targets Being Defined: Magnetotelluric and vector induced polarization surveys are mapping resistivity to depths of

Key Investor Takeaways Allied Critical Metals’ Borralha tungsten project in northern Portugal was named a Strategic Project under the EU’s Critical Raw Materials Act. The company says it is the only tungsten extraction project among the 46 that the European Commission selected on October 9. The designation brings streamlined permitting, with

If you’re a top-down macro trader/investor like I am, you know there are good times to invest in a certain sector and bad times to do so. That’s why we go “top-down” from the macro to the sectors, rather than “bottom-up” buying of favored stocks/sectors and hoping the macro will be permissive. Often, it will

Key Investor Takeaways Krait Critical Minerals Corp. signed an option agreement to acquire a 100% interest in a Nevada antimony property covering approximately 354 acres across 17 contiguous mining claims in Humboldt County. Historical antimony production included ore grading as high as 54% antimony, with documented mining activity dating from the 1920s through

Key Investor Takeaways Goliath Resources’ expanding gold discovery attracted investor attention: Newsletter author Chen Lin highlighted Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQX; B4IF:FSE) as having a potentially multimillion-ounce gold discovery while discussing acquisition opportunities among undervalued junior mining companies. High-grade drilling results strengthened Goliath’s exploration story: The company reported 9.89 g/t AuEq over 12.00

Decade Resources Ltd. (DEC:TSX.V; DECXF:OTCPK) reported selective boulder samples grading up to 79.12 grams per tonne gold (Au) and 927 g/t silver (Ag) at its Nobody Knows claim east of Terrace, British Columbia. In an October 22, 2026, press release, the company said 15 of 21 samples exceeded 10 g/t Au and nine exceeded 30

Key Investor Takeaways Gold’s long-term purchasing power remains a central investment theme. Market commentators Chris Temple of The National Investor Newsletter and Rick Ackerman discussed gold’s ability to preserve wealth during financial uncertainty, with Ackerman emphasizing its potential to maintain purchasing power across economic cycles. Gold prices face pressure from rising Treasury yields

Key Investor Takeaways Nine New Copper Exploration Targets Identified: Fitzroy Minerals Inc. identified nine previously untested copper exploration targets at its Buen Retiro Copper Project in Chile using machine learning and three-dimensional seismic imaging. Machine Learning-Driven Exploration Combines Extensive Geological Data: The targeting study, completed with Fleet Space Technologies, incorporated approximately 24,400 copper

Key Investor Takeaways High-Grade Gold Assays at Lawatino: Sranan Gold Corp. reported 3 meters grading 20.89 g/t gold at its 101 Zone in Suriname, including 1 meter grading 55.04 g/t gold. Additional grab samples returned grades as high as 57.58 g/t gold. Expanding Gold Exploration in Suriname: The company’s 18,468-hectare Lawatino Gold Project

<p>A 1 oz gold bullion coin holds one troy ounce of gold, which is 31.103 grams, but its total weight depends on purity. However, its total weight can vary depending on the gold purity. Pure 24-karat coins like the <a href="https://www.usmint.gov/coins-precious-metal-coins/bullion-coin-programs/&quot;>Gold Buffalo</a> and <a href="https://www.mint.ca/en-us/shopping/archives/2026/2025-gml-1-oz-9999-pure-gold-coin-bullion&quot;>Maple Leaf</a> weigh about 31.1 grams. 22-karat coins like the <a

<p>Welcome to this week&rsquo;s Market Wrap Podcast, I&rsquo;m Mike Gleason.</p> <p>Coming up, we&rsquo;ll hear a tremendous interview with Przem Radomski, a CFA with decades of experience in the precious metal space, who has lots to say about various topics&hellip; including whether or not we&rsquo;re still in a precious metals bull market; if gold is likely

<p>Need a gift that stands the test of time?</p> <p>Get gold!</p> <p>Gold stud earrings are always a good choice. They are beautiful, classic, and will last, well, forever! Or at least a really long time.</p> <p>How long have people been getting gold earrings as gifts?</p> <div x-data=" item_id: undefined, view: null " x-html="view || 'Product-Random-Featured'"

<p>The <a href="https://www.moneymetals.com/news/2025/11/15/debt-black-hole-putting-increasing-stress-on-american-consumers-004483&quot;>Debt Black Hole</a> keeps getting bigger.</p> <p>American auto loan payments just hit an all-time high of $787 per month.</p> <p>Pile that on record credit card debt and relentless price inflation, and it&rsquo;s no wonder <a href="https://www.moneymetals.com/news/2026/10/15/beyond-the-cpi-the-complete-inflation-story-september-2026-005295&quot;>American consumers feel stressed</a>!</p> <div x-data=" item_id: undefined, view: null " x-html="view || 'Product-Random-Featured'" x-init="view = await (await

Key Investor Takeaways Gold Rock System Expands to 15 Mineralized Structures: Dryden Gold Corp. reported that exploration had expanded the Gold Rock Gold System from three widely spaced parallel mineralized structures in 2024 to 15 structures across an area exceeding one kilometer in width and two kilometers in strike length. New High-Grade Gold

Adamera Minerals Corp. (ADZ:TSX.V; DDNFF:OTCMKTS) announced on October 15, 2026, an expanded 2026 exploration program at the Glix gold skarn target on its South Hedley Project in British Columbia, located about 20 km from the past-producing Nickel Plate and Hedley Mascot gold skarn mines. The work runs concurrently with ongoing efforts at the Max copper-gold

Warnings that AI enthusiasm is echoing the dot-com bubble, with investors taking profits and debt-fueled spending potentially contributing to a market correction, were featured in an October 17, 2026, New York Post column by Charles Gasparino. The column argued that investors should be wary of valuations driven by excitement rather than demonstrated business performance, particularly

Key Investor Takeaways Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQX) said drilling at its Black Pine project in Idaho defined a 200-by-400-meter northern extension of oxide gold mineralization at the Rangefront Zone. The extension carries grades above the reserve cutoff and remains open to the north. About 25 million to 35 million tonnes

<p>There&rsquo;s not a lot of bullishness in the silver market right now.</p> <p>After surging to <a href="https://www.moneymetals.com/silver-price&quot;>just over $120 per ounce in January</a>, silver corrected and has lost more than half its value.</p> <p>Given the metal's trajectory over the last 10 months, bearishness is understandable. But as technical analyst Jesse Colombo pointed out in <a

<p>What happens when you run massive budget deficits year after year and make no effort to rein in borrowing and spending?</p> <p>People stop lending you money.</p> <p>We&rsquo;re starting to see the impacts of the United States&rsquo; fiscal malfeasance in a struggling bond market.</p> <p>The federal government ran <a href="https://www.moneymetals.com/news/2026/10/19/trump-administration-runs-third-largest-federal-budget-deficit-in-history-005303&quot;>the third-largest budget deficit in history</a> in

<p><span style="font-weight: 400;">In the closing chapter of this Midweek Memo episode, host </span><a href="https://share.google/JeBe54fCmVNzyq6tQ&quot; target="_blank" rel="noopener"><span style="font-weight: 400;">Mike Maharrey</span></a><span style="font-weight: 400;"> turns to federal deficits, national debt, inflation, and the reasons investors look to precious metals. He says budget figures often provoke a brief reaction of shock, followed by a shrug. Even </span><a href="https://www.moneymetals.com/news/2026/10/19/trump-administration-runs-third-largest-federal-budget-deficit-in-history-005303&quot;><span style="font-weight:

Key Investor Takeaways Lake Victoria Gold Ltd. is moving its fully permitted Imwelo project in Tanzania toward first gold production while preparing a substantially larger drilling program at its Tembo project. At Imwelo, Phase 1 earthworks began in July, and in September, the company identified a preferred processing route for near-surface

Decade Resources Ltd. (DEC.V; DECXF) continues to investigate a potentially extensive copper-gold porphyry system at its Bonaparte property in British Columbia, where drilling has intersected porphyry-style intrusions and alteration in every hole that reached bedrock. The company’s October 8, 2026, update reported two holes 1.2 km apart, with drilling and surface mapping suggesting a system

Key Investor Takeaways High-Grade Silver Discovery in Yukon: Silver North Resources Ltd. reported 4.41 meters grading 1,669 g/t silver at its Haldane Silver Property in Yukon’s Keno Hill Silver District, building on the previous two years’ programs’ results in Hole HLD26-41. High-Grade Silver Drill Results: The full Hole HLD26-41 intersected 12.16 meters, averaging 727

OR Royalties (OR:TSX; OR:NYSE) announced preliminary third-quarter operating results broadly in line with expectations, and tracking in line with the company’s full-year guidance of between 80,000 and 90,000 gold-equivalent ounces (GEOs). The company is expected to grow to 120,000 plus GEOs by 2020. It ended the quarter with almost US$77 million in cash, after a

<p>Weren't we promised spending cuts?</p> <p>And it wasn't just President Trump. Joe Biden promised spending cuts several years ago. And yet the federal government just ran the third-largest budget deficit in history.</p> <p>In this episode of the Midweek Memo podcast, host Mike Maharrey uses a biased report claiming the deficit was due to tax cuts

Key Investor Takeaways GoldCoast Resource Corp. said the Government of Ghana has committed to issuing a public statement confirming that its offshore reconnaissance licenses have not been suspended. The Minerals Commission has said the licenses remain in force, but on October 8, it directed the company to suspend operational activities until

The latest drill results from Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB; I90:FSE) show exactly why the company deserves attention right now, even while global tensions rise and markets begin to fracture. On July 13, the Saudis struck the airport at Sanaa to stop an Iranian commercial flight carrying Houthi delegates home from the funeral of

Key Investor Takeaways Copper One Resources Corp. has agreed to acquire a 100% interest in the Sword & Gossan nickel-copper-cobalt properties in Labrador for CA$3.65 million in purchase consideration, plus CA$400,000 in scheduled advance royalty payments, bringing total scheduled cash commitments to CA$4.05 million and expanding its North American critical metals exploration portfolio.

VR Resources Ltd. (VRR:TSXV; VRRCF:OTCQB; 5VR:FSE) is advancing exploration planning at its New Boston moly-copper-tungsten-silver porphyry project in Nevada after a recent CEO site visit focused on drill program preparation, with an NOI permit receipt following on October 20, 2026. Key Investor Takeaways VR Resources received an NOI permit on October 20, 2026, to double

Gold prices were consolidating near US$4,150 per ounce on October 19, 2026, following a volatile year that saw the precious metal climb above US$5,500 in January before it retreated. While shifting Federal Reserve expectations and a stronger U.S. dollar have pressured prices, central bank purchases, geopolitical uncertainty, and investment demand continue to influence the market’s

Key Takeaways Centenario Gold has launched its first drill program at the Los Reyes copper-gold project in Mexico. Historic Los Reyes samples graded up to 27.9% copper, while another sample returned 7.19% copper and 2.88% zinc. Drilling will test whether copper mineralization extends below historic workings and along strike. Centenario’s Canadian

<p>I ran across a glaring example of mainstream media bias that I want to highlight for you.&nbsp;</p> <p>Accusations of &ldquo;fake news&rdquo; are often overplayed. However, mainstream media bias is a thing, and you should be aware of it, even in financial news reporting.</p> <p>On Friday, the Treasury Department released the September 2026 Monthly Treasury Statement,

<p>A former Fed insider has sold all his bank stocks, and he&rsquo;s piling money into gold.</p> <p>Christopher Whalen has worked for over three decades as a writer and financial analyst in Washington, along with a stint as a researcher at the New York Fed. Whalen also held various positions at Bear, Stearns &amp; Co., Prudential

Key Investor Takeaways The Silver Institute’s World Silver Survey 2026, researched and produced by Metals Focus, forecasts a 46.3-million-ounce silver deficit in 2026, the sixth straight annual shortfall. Spot silver traded near US$57.29 per ounce on October 19, less than half its January record of US$121.62. Contango Silver & Gold

Peter Lynch is widely regarded as one of the greatest mutual fund managers of all time. Born in Newton, Massachusetts, in 1944, he rose from a working-class background to achieve legendary status on Wall Street. Like this author, as a youngster, Mr. Lynch earned money as a caddy at the upscale Brae Burn Country Club

Key Investor Takeaways Erdene Resource Development Corp. reported US$51 million in third-quarter 2026 gross revenue from gold and silver sales at its Bayan Khundii Gold Mine in Mongolia. Bayan Khundii processed 164,000 tonnes of ore during the quarter, averaging 1,788 tonnes per day, with gold recoveries averaging 96%. The mine sold 11,853

Idaho Copper Corp. (COPR:NYSEAMERICAN) released an updated Preliminary Economic Assessment (PEA) for its 100%-owned CuMo copper-molybdenum-silver project in Boise County, Idaho, on October 14, 2026, highlighting material improvements from the 2020 study through a smaller initial plant, sensor-based ore sorting, and re-sequenced mining. Key Investor Takeaways Idaho Copper delivered a substantially improved PEA on

<p>Price inflation is accelerating again, yet gold and silver have been struggling. Gold slipped about 0.7% last week to $4,166 an ounce. Silver took a much harder hit, falling <a href="https://www.moneymetals.com/silver-price&quot;>roughly 6.5% to $57</a>.</p> <p>For investors who own precious metals to protect against declining purchasing power, that can seem backward.</p> <div x-data=" item_id: undefined, view:

<p>You can add spending cuts, DOGE, and fixing the budget with tariffs to the mountain of broken promises dominating the Washington, D.C. skyline.</p> <p>The Trump administration just ran the biggest budget deficit in five years.</p> <p>The final fiscal 2026 budget shortfall came in at <strong>$1.99 trillion</strong>. That was 12 percent higher than last year&rsquo;s $1.78

<p>Silver bars are not produced in a single standard weight or size. Refiners and mints offer bars in a range of weights. They can be as small as a single gram or as large as 1,000 ounce bars that are stored in institutional vaults.</p> <p>Most private investors choose products that fall somewhere in between, such

<p>Price inflation is accelerating again, yet gold and silver have been struggling. Gold slipped about 0.7% last week to $4,166 an ounce. Silver took a much harder hit, falling <a href="https://www.moneymetals.com/silver-price&quot;>roughly 6.5% to $57</a>.</p> <p>For investors who own precious metals to protect against declining purchasing power, that can seem backward.</p> <div x-data=" item_id: undefined, view:

<p>You can add spending cuts, DOGE, and fixing the budget with tariffs to the mountain of broken promises dominating the Washington, D.C. skyline.</p> <p>The Trump administration just ran the biggest budget deficit in five years.</p> <p>The final fiscal 2026 budget shortfall came in at <strong>$1.99 trillion</strong>. That was 12 percent higher than last year&rsquo;s $1.78

<p>Gold traded at a premium in India last week for the first time in three months. This reflects the combined effect of tightening supply and improving demand.</p> <p>Dealers reported premiums as high as $7 an ounce over domestic spot prices. That compares with discounts in the $5-to-$6 range the previous week.</p> <p>Indian gold demand has

<p>Silver bars are not produced in a single standard weight or size. Refiners and mints offer bars in a range of weights. They can be as small as a single gram or as large as 1,000 ounce bars that are stored in institutional vaults.</p> <p>Most private investors choose products that fall somewhere in between, such

<p>Gold traded at a premium in India last week for the first time in three months. This reflects the combined effect of tightening supply and improving demand.</p> <p>Dealers reported premiums as high as $7 an ounce over domestic spot prices. That compares with discounts in the $5-to-$6 range the previous week.</p> <p>Indian gold demand has

Key Investor Takeaways Gold is trading around US$4,180 per ounce, and several major banks expect it to climb back toward US$5,000, supported by steady central bank buying. Harvest Gold Corp. has spent three years assembling more than 50 kilometers of favorable strike in Québec’s Abitibi region, about 45 to 70 kilometers west of