Bullion Blog

<p>The Hunt brothers&rsquo; silver buying spree became one of the most dramatic episodes in precious metals history. In the late 1970s, Texas oil heirs Nelson Bunker Hunt and William Herbert Hunt accumulated enormous positions in physical silver and futures, helping drive silver from under $10 an ounce to nearly $50 by January 1980.</p> <p>Then the

<p><span style="font-size: 1.125rem;">The Treasury market is in meltdown, and the sector propping it up could ultimately deepen the crisis.</span></p> <p>The 10-year Treasury yield surged to 5.33 percent overnight, the highest level since 2002. Gold Newsletter publisher Brien Lundin called it &ldquo;<a href="https://www.moneymetals.com/news/2026/09/28/the-bond-bloodbath-spreads-005245&quot;>a bond bloodbath</a>.&rdquo;</p> <p>The problem is nobody wants to hold U.S. Treasuries. Foreign investors

<p><span style="font-weight: 400;">The U.S. dollar remains the world&rsquo;s dominant reserve currency, but countries around the globe are looking for ways to reduce their exposure to it.&nbsp;</span></p> <p><span style="font-weight: 400;">According to Money Metals Midweek Memo host Mike Maharrey, this gradual de-dollarization trend is being fueled not only by America&rsquo;s fiscal problems, but also by Washington&rsquo;s increasing

<p>In August, South Korea announced plans to expand its gold reserves, but so far it&rsquo;s only bought paper.</p> <p>Now it looks like the country&rsquo;s central bank is finally set to get the real thing.</p> <p>To date, the Bank of Korea&rsquo;s &ldquo;gold&rdquo; reserve expansion has involved <a href="https://www.moneymetals.com/news/2026/08/27/south-korea-expands-paper-instead-of-gold-reserves-005165&quot;>buying shares of the SPDR Gold Trust ETF</a>. According

Zodiac Gold Inc. (ZAU:TSX.V; ZAU:XFRA; ZAUIF:OTCQB), a West African gold explorer, released soil survey results on September 28, 2026, identifying gold (Au), nickel (Ni), cobalt (Co), chromium (Cr), and copper (Cu) anomalies in a survey covering 530 km (kilometers) of its Liberian licenses, consistent with national data and pointing to polymetallic potential in a jurisdiction

Centenario Gold Corp. (CTG:CSE) has begun its maiden drill program at the Los Reyes copper-moly-gold skarn project in Chihuahua, Mexico, targeting depth extensions of mineralization previously mined by ASARCO at the Jibosa and Tueda shafts. Key Investor Takeaways Centenario Gold is an exploration-stage company focused on copper, gold, and silver projects in the Americas,

New assay results released September 24 from KO Gold Inc.’s (KOG:CSE; KOGDF:OTCQB) 100%-owned Smylers Gold Exploration Permit in the Otago Gold District of New Zealand’s South Island are “very consistent with initial drilling that will eventually outline resources” along the Hyde-Macraes Shear Zone corridor, President and Chief Executive Officer Greg Isenor told Streetwise Reports. Isenor

BP Silver Corp. (BPAG:TSXV; BPSCF:OTCQB) announced on September 29, 2026, assay results from the first two holes of its Phase 2 drill program at the Cosuño Silver Project in Bolivia, highlighting a high-grade feeder structure discovery.  Key Takeaways BP Silver reported high-grade silver, bismuth, and antimony mineralization at the Cosuño Silver Project, including 3.0

Key Investor Takeaways Lawyers-Ranch moved into its next environmental assessment stage, with Thesis Gold & Silver submitting the detailed project description to the British Columbia Environmental Assessment Office, providing the basis for the EAO to undertake its readiness decision. The permitting timeline extends through 2029, with an EA draft application

It was July and Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB) had just delivered what Chief Executive Officer Robert Hinchcliffe considered good news. The company reported an updated Mineral Resource Estimate for its Clarence Stream Gold Project in New Brunswick that increased total contained gold by 20%. The project now contains 1.42 million ounces of gold in

GoldCoast Resource Corp. (GCR:CSE; GCRFF:OTCQB) announced that its common shares have been approved to commence trading on the OTCQB Venture Market under the ticker GCRFF, according to a September 29 release. The Canadian exploration company targeting offshore gold in Ghana will continue trading on the CSE under GCR, with the OTCQB listing aimed at enhancing

Key Investor Takeaways Guitarra processing throughput reached up to a steady 720 tpd, more than 40% above the previous 500 tpd nameplate capacity following Phase 1 crushing and milling modifications. The next expansion targets 1,200 to 1,500 tpd, with the new 11×12 ball mill installed and commissioning expected in November

<p>The U.S. government has weaponized the dollar as a foreign policy billy club. This might be good foreign policy, but it carries some significant economic risk.</p> <p>In this episode of the Midweek Memo podcast, Mike Maharrey explains how the U.S. has weaponized its currency and the world's response, highlighting the accelerating pace of de-dollarization and

<p>Last week, I reported that over <a href="https://www.moneymetals.com/news/2026/09/21/7-million-ounces-of-silver-left-comex-vaults-last-week-with-a-spike-in-deliveries-005220&quot;>7 million ounces of gold flowed out of COMEX vaults</a> the week of Sept. 10-17.</p> <p>Last week, silver flowed back into the COMEX system, partially reversing the drawdown.</p> <p>During the week of Sept. 18-25, around 2.5 million ounces of silver entered COMEX vaults. With the additional metal, total

<p>I recently reported that over <a href="https://www.moneymetals.com/news/2026/09/21/7-million-ounces-of-silver-left-comex-vaults-last-week-with-a-spike-in-deliveries-005220&quot;>7 million ounces of gold flowed out of COMEX vaults</a> the week of Sept. 10-17.</p> <p>Last week, silver flowed back into the COMEX system, partially reversing the drawdown.</p> <p>During the week of Sept. 18-25, around 2.5 million ounces of silver entered COMEX vaults. With the additional metal, total inventory

<p>The U.S. government has weaponized the dollar as a foreign policy billy club. This might be good foreign policy, but it carries some significant economic risk.</p> <p>In this episode of the Midweek Memo podcast, Mike Maharrey explains how the U.S. has weaponized its currency and the world's response, highlighting the accelerating pace of de-dollarization and

Key Investor Takeaways Fenix Gold remains on track for commercial production in Q4 2026 despite severe winter storms that disrupted mining operations and slowed the gold mine’s planned production ramp-up during Q3. Rio2 reported multiple weather-related disruptions at Fenix Gold, including major storms from July 17 to July 24 and Aug.

VR Resources Ltd. (VRR:TSXV; VRRCF:OTCQB; 5VR:FSE) is advancing its New Boston moly-tungsten-copper-silver porphyry project in Nevada amid discussions of whether exploration is paced more by exploration data and geology modeling or simply by financing availability. The company recently closed a CA$7.5 million private placement and submitted a permit amendment to double its allowed drill sites,

Investor Takeaways White Gold filed a maiden PEA for its flagship White Gold Project in Yukon, outlining a 9.4-year open pit operation producing an average of 188,000 ounces of gold annually. The White Gold Project PEA outlined a CA$1.856 billion after-tax NPV, 41% IRR, and 1.5-year payback period using a

<p>Do you want to know why the U.S. Treasury market is selling off?</p> <p>Listen closely to Canadian Prime Minister Mark Carney. He thinks the world should find an alternative to the U.S. dollar.</p> <p>Now, you might not care what Canadians think. You might think Carney is the son of a silly person. Nevertheless, you have

<p>A Seated Liberty Dollar&rsquo;s value depends almost entirely on three factors: date, mint mark, and condition. A well-worn, common-date example has generally traded for at least a couple hundred dollars in collectible grades. However, there are a few genuine rarities that have sold for well over $1 million.</p> <p>Struck from 1840 to 1873 in 90%

<p>Ask pretty much anybody, and they&rsquo;ll tell you we have an inflation problem.</p> <p>But what does that mean?</p> <p>And how did it happen?&nbsp;</p> <p>Most people have no clue.</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=1')).text()">!!–Product-Random-Best-1–!!</div> <p>The first problem is that policymakers and the media use a very

<p>Do you want to know why the U.S. Treasury market is selling off?</p> <p>Listen closely to Canadian Prime Minister Mark Carney. He thinks the world should find an alternative to the U.S. dollar.</p> <p>Now, you might not care what Canadians think. You might think Carney is the son of a silly person. Nevertheless, the head

<p>A Seated Liberty Dollar&rsquo;s value depends almost entirely on three factors: date, mint mark, and condition. A well-worn, common-date example has generally traded for at least a couple hundred dollars in collectible grades. However, there are a few genuine rarities that have sold for well over $1 million.</p> <p>Struck from 1840 to 1873 in 90%

<p>Ask pretty much anybody, and they&rsquo;ll tell you we have an inflation problem.</p> <p>But what does that mean?</p> <p>And how did it happen?&nbsp;</p> <p>Most people have no clue.</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=1')).text()">!!–Product-Random-Best-1–!!</div> <p>The first problem is that policymakers and the media use a very

The modern financial system is built on an assumption so deeply accepted that it is rarely tested: that the institutions and infrastructure standing behind financial assets will remain trustworthy. That assumption holds only in a world where the institutions holding the financial system together act the same way today and tomorrow as they acted yesterday.

The Year of our Lord 2006 was a memorable one.  It marked the birth of Twitter, now called “X” in honor of the billionaire owner’s favorite alphabetical unit. It was also the year that Julian Assange founded “WikiLeaks”, the website that gained global notoriety for pioneering “scientific journalism”—publishing raw, unredacted, or minimally curated datasets alongside

The second tranche consisted of 10,317,073 common shares issued at CA$2.05 per share. The shares were issued in accordance with Canadian Securities Exchange policies and are subject to a hold period of four months and one day. Allied said it intends to use the net proceeds for development of the Vila Verde pilot project, ongoing

ESGold Corp. (ESAU:CSE; ESAUF:OTCQB; Z7D:FSE) reported that its 2026 diamond drilling program at the Montauban Project in Québec had surpassed 2,000 meters, with multiple holes encountering alteration, quartz-carbonate veining, and locally sulphide-bearing intervals. As of September 15, ESGold had advanced 19 drill holes totaling approximately 2,030 meters of its planned 5,000-meter program. Observed sulphides included

Lake Victoria Gold Ltd. (LVG:TSX.V; LVGLF:OTCQB; E1K:FSE) released metallurgical testwork results on September 24, 2026, showing attrition scrubbing and desliming lifted 24-hour gold extraction on weathered Area C material at its fully permitted Imwelo project from 49.99% to 84.54%. The results support process design for early mining sequence material at the project, which sits in

<p>Typically, Peace dollars trade for their melt value. The coins contain 0.77344 troy ounces of 90% pure silver, which gives it exposure to the silver spot price. Its melt value rises and falls with the silver market.</p> <p>However, a short list of dates is worth much more than the melt value. The 1921 High Relief,

<p>The factors driving yields higher are extremely bullish for gold, silver, and every metal and commodity.</p> <p>While the trading algos in charge of pricing assets on a daily basis care about nothing outside of central bank policy, these drivers guarantee much higher prices for commodities over the long term.&nbsp;</p> <p>Another day, another <a href="https://www.moneymetals.com/news/2026/09/14/bond-vigilantes-smell-blood-in-the-water-005202&quot;>step higher

<p>Gold and silver investors woke up to another ugly morning.</p> <p>Gold fell below $4,200 an ounce in early trading, down nearly 3% at one point, while silver was hit even harder &ndash; plunging roughly 5% and briefly breaking down to $61 an ounce.</p> <p>The latest selloff follows an already difficult week, with gold losing roughly

<p>Typically, Peace dollars trade for their melt value. The coins contain 0.77344 troy ounces of 90% pure silver, which gives it exposure to the silver spot price. Its melt value rises and falls with the silver market.</p> <p>However, a short list of dates is worth much more than the melt value. The 1921 High Relief,

<p>The factors driving yields higher are extremely bullish for gold, silver, and every metal and commodity.</p> <p>While the trading algos in charge of pricing assets on a daily basis care about nothing outside of central bank policy, these drivers guarantee much higher prices for commodities over the long term.&nbsp;</p> <p>Another day, another <a href="https://www.moneymetals.com/news/2026/09/14/bond-vigilantes-smell-blood-in-the-water-005202&quot;>step higher

<p>Gold and silver investors woke up to another ugly morning.</p> <p>Gold fell below $4,200 an ounce in early trading, down nearly 3% at one point, while silver was hit even harder &ndash; plunging roughly 5% and briefly breaking down to $61 an ounce.</p> <p>The latest selloff follows an already difficult week, with gold losing roughly

<p>At least a dozen large Chinese banks plan to end leveraged precious metals futures contracts.</p> <p>Specifically, banks are shutting down Shanghai Gold Exchange margin-traded deferred contracts, including Au(T+D) and Ag(T+D).</p> <p>The move could potentially increase demand for physical metal in China, the world's largest gold market.</p> <p>Beijing-based China Everbright Bank is the latest Chinese institution

<p>The Indian gold market is cautiously optimistic as we approach the festive gold-buying season.</p> <p>Higher prices continue to weigh on gold jewelry demand even as they support investment purchases. Meanwhile, wedding buying appears &ldquo;resilient,&rdquo; according to the World Gold Council.</p> <p>India ranks as the world&rsquo;s second-largest gold market.</p> <p>Gold prices surged in August before pulling

<p>At least a dozen large Chinese banks plan to end leveraged precious metals futures contracts.</p> <p>Specifically, banks are shutting down Shanghai Gold Exchange margin-traded deferred contracts, including Au(T+D) and Ag(T+D).</p> <p>The move could potentially increase demand for physical metal in China, the world's largest gold market.</p> <p>Beijing-based China Everbright Bank is the latest Chinese institution

<p>The Indian gold market is cautiously optimistic as we approach the festive gold-buying season.</p> <p>Higher prices continue to weigh on gold jewelry demand even as they support investment purchases. Meanwhile, wedding buying appears &ldquo;resilient,&rdquo; according to the World Gold Council.</p> <p>India ranks as the world&rsquo;s second-largest gold market.</p> <p>Gold prices surged in August before pulling

<p><span style="font-weight: 400;">On a recent episode of Money Metals Weekly Market Wrap, the Money Metals podcast, host Mike Maharrey spoke with </span><a href="https://share.google/69t46a3PV8mH7vhdq&quot; target="_blank" rel="noopener"><span style="font-weight: 400;">Nomi Prins</span></a><span style="font-weight: 400;"> about higher interest rates, rising oil prices, Treasury market strain, and accelerating government debt. Prins argued that these forces continue to reinforce the case for

<p><span style="font-weight: 400;">On a recent episode of Money Metals Weekly Market Wrap, the Money Metals podcast, host Mike Maharrey spoke with </span><a href="https://share.google/69t46a3PV8mH7vhdq&quot; target="_blank" rel="noopener"><span style="font-weight: 400;">Nomi Prins</span></a><span style="font-weight: 400;"> about higher interest rates, rising oil prices, Treasury market strain, and accelerating government debt. Prins argued that these forces continue to reinforce the case for

NexGold Mining Corp. (NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE) reported additional diamond drilling results from the Goldlund Deposit at its Goliath Gold Complex in Ontario, including 14.07 g/t gold over 7.0 meters, 9.76 g/t gold over 8.0 meters, and 2.84 g/t gold over 13.0 meters. Approximately 31,971 meters of NexGold’s expanded 35,000-meter drill program had been completed. The

Key Takeaways Storm Exploration reported a new VMS system at its Gold Standard Project in northwestern Ontario. All five completed drill holes intersected sulfide mineralization, including copper and zinc sulfides. Drilling has tested about 1.9 kilometers of a target with an estimated 7-kilometer strike length. Storm plans additional geophysics, geochemistry, and

Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQX; X7W:FSE) reported new drilling results from Gold Rock, including 7.88 g/t gold over 12.70 meters in drill hole DGR-058, with an included interval of 46.05 g/t gold over 1.90 meters. DGR-058 was drilled along strike between the high-grade intercepts at Jubilee and Pearl at approximately 65 meters true depth. According

Krait Critical Minerals Corp. (KRIT: CSE; U0S:FSE) engaged Rangefront Mining Services to undertake a geological mapping, sampling, and exploration targeting program at the Bales antimony project in Okanogan County, Washington, according to a recent press release.  Rangefront, an Elko, Nevada-based geological services firm, was engaged following Krait’s acquisition of all of the issued and outstanding

Adamera Minerals Corp. (ADZ:TSX.V; DDNFF:OTCMKTS) is a Canadian minerals exploration company in the middle of one of its most active exploration windows in many years. Earlier this month, the company announced that it had traced a chargeability anomaly at the Max copper-gold target over 1.6 km of strike and staked the Bromley claims, adding over

<p>Welcome to this week&rsquo;s Market Wrap Podcast, I&rsquo;m Mike Gleason.</p> <p>Coming up in a moment, we have an exclusive interview with Nomi Prins, renowned market commentator, author and founder and CEO of Prinsight Global. Nomi chimes in the recent Federal Reserve rate increase, the first in roughly three years, and argues how rising rates don't

<p>A silver dollar is a United States one-dollar coin struck in silver. That definition sounds simple until you open a drawer and discover four different dollar coins in it, and only one of them might have any silver.</p> <p>Every U.S. dollar coin minted from 1794 through 1935 was struck in 90 percent silver. After a

<p>Here&rsquo;s a question for you.</p> <p>If you were alive 2,000 years from now and dug up an old box of $100 bills, do you think you could spend it anywhere?</p> <p>I&rsquo;m going to guess no.</p> <p>In the first place, it&rsquo;s highly unlikely paper money would last 2,000 years underground. It would mold and deteriorate. If