Bullion Blog

<p><span style="font-weight: 400;">For decades, investors largely viewed central banks as the primary force determining interest rates. According to Massif Capital </span><a href="https://www.massifcap.com/the-firm&quot; target="_blank" rel="noopener"><span style="font-weight: 400;">founder and managing director Will Thomson</span></a><span style="font-weight: 400;">, that era is beginning to end. &nbsp;(Sign up for Will's free email newsletter <strong><a href="https://research.massifcap.com/?modal=signup&quot;>here</a></strong>.)</span></p> <p><span style="font-weight: 400;">Joining Mike Maharrey on the

<p>Silver is becoming increasingly discounted relative to gold, as indicated by the widening of the gold-silver ratio.</p> <p>In other words, silver is on sale once again.</p> <p>Both silver and gold are down sharply since their record peaks in January. However, silver&rsquo;s downward trajectory was even steeper than gold&rsquo;s. While the yellow metal has dipped around

<p>There is evidence that underlying bond market dynamics have shifted toward a long-term bearish setup that will mean higher long-term interest rates despite central bank mechanizations. This has ramifications for an economy that is addicted to cheap, easy money and may alter traditional portfolio balancing.</p> <p><a href="https://research.massifcap.com/p/the-cartography-of-the-risk-free-rate&quot; target="_blank" rel="noopener">A paper published by Massif Capital</a> argues

Mustafa Centre is one of Singapore’s most recognisable retail landmarks. Located in the Little India neighbourhood on Syed Alwi Road, the 24-hour department store has served Singapore’s diverse community for decades, and its gold section draws buyers from across the island — particularly those looking for 22-karat Indian-style gold jewellery. For buyers focused on jewellery,

<p>The Justice Department announced Tuesday that several jewelry dealers have been arrested for allegedly smuggling nearly $1 billion worth of<span>&nbsp;</span><a href="https://www.moneymetals.com/buy/gold/gold-jewelry&quot;>gold<span>&nbsp;</span>jewelry</a> into the U.S. without paying customs duties.</p> <p>The U.S. has agreements with Oman and Singapore that allow<span>&nbsp;</span>jewelry<span>&nbsp;</span>made there to be imported duty-free. The three defendants recently arrested are accused of falsely declaring that their

<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 Will Thomson founder and portfolio manager of <a href="https://research.massifcap.com/?modal=signup&quot;>Massif Capital</a> &ndash; a privately held, value-oriented hedge fund with a focus on the energy, mining, materials and infrastructure sectors. (Sign up for his free email newsletter <strong><a href="https://research.massifcap.com/?modal=signup&quot;>here</a></strong>.)</p>

<p>They call soccer a beautiful game.</p> <p>I&rsquo;m not so sure.</p> <p>But I will give it this &ndash; soccer has a beautiful gold trophy. And by the way, it is by far the most valuable trophy in sports.</p> <p>But as for the game &ndash; I have questions.</p> <div x-data=" item_id: undefined, view: null " x-html="view ||

<p>Artisanal and small-scale mining (ASM) is becoming an increasingly important source of global gold supply.</p> <p>Artisanal mines are small-scale operations generally run by individuals, families, or small groups using simple tools and minimal mechanization.</p> <p>The sharply higher gold price has increased the profitability of small-scale mines over the last couple of years. The lack of

<p><span style="font-weight: 400;">The latest Consumer Price Index (CPI) report for June sparked optimism across financial markets, with inflation coming in significantly cooler than expected. Headlines quickly celebrated what appeared to be another victory in the Federal Reserve's battle against inflation.</span></p> <p><span style="font-weight: 400;">But according to Money Metals Midweek Memo host Mike Maharrey, the CPI tells

<p>Tariff refunds and a jump in spending driven by higher interest expense drove yet another big budget deficit in June.</p> <p>Last month, the Trump administration spent $120.3 billion more than it took in. That was a 545 percent increase over the June 2025 deficit (a $27 billion surplus).</p> <p>The June budget shortfall drove the fiscal

<p>The shine has come off silver since it skyrocketed to over $100 an ounce in January. The price has dropped by over 50 percent from the record high. However, there are still reasons to be bullish on silver moving forward, including persistent supply deficits and growing industrial demand.</p> <p>In a recent precious metals analysis, Sprott

<p><span style="font-weight: 400;">The latest Consumer Price Index (CPI) report for June sparked optimism across financial markets, with inflation coming in significantly cooler than expected. Headlines quickly celebrated what appeared to be another victory in the Federal Reserve's battle against inflation.</span></p> <p><span style="font-weight: 400;">But according to Money Metals Midweek Memo host Mike Maharrey, the CPI tells

<p>If you followed the headlines, you know that the June CPI report was even cooler than expected. This generated optimism that maybe, just maybe, the Fed is finally getting inflation under control.&nbsp;</p> <p>But there's more to the story.</p> <p>In this episode of the Midweek Memo, host Mike Maharrey tells you the rest of the story,

<p>If you search &ldquo;What is a Sovereign coin&rdquo; online, you will get a surprising number of answers. Part of the reason is because people interpret the question differently.</p> <p>On one hand, the term &ldquo;sovereign coin&rdquo; has a broad definition. It is a term referring to any coin made by a &ldquo;sovereign,&rdquo; or government, mint. Examples

<p>If you search &ldquo;What is a Sovereign coin&rdquo; online, you will get a surprising number of answers. Part of the reason is because people interpret the question differently.</p> <p>On one hand, the term &ldquo;sovereign coin&rdquo; has a broad definition. It is a term referring to any coin made by a &ldquo;sovereign,&rdquo; or government, mint. Examples

<p>If you followed the headlines, you know that the June CPI report was even cooler than expected. This generated optimism that maybe, just maybe, the Fed is finally getting inflation under control.&nbsp;</p> <p>But there's more to the story.</p> <p>In this episode of the Midweek Memo, host Mike Maharrey tells you the rest of the story,

Source: Streetwise Reports 07/14/2026 Pacific Empire Minerals closes financing and launches field work at Trident copper-gold project amid strong gold and copper markets. Learn key catalysts for retail investors. Pacific Empire Minerals Corp. (PEMC:TSX.V; PEMSF:OTCMKTS) has positioned itself for an active year in British Columbia’s copper-gold sector as it advances its flagship projects during favorable

<p>Few nineteenth-century U.S. coin series challenge collectors quite like the Shield nickel. Although it was minted for only 18 years, weak strikes, scarce high-grade survivors, and two major reverse designs make it one of the most rewarding early nickel series to study and collect. Its durable composition made it a useful replacement from the previous

<p>The three-cent nickel may be the strangest regular-issue coin the United States Mint ever produced. It lasted only 25 years, was struck at just one mint, never carried a mint mark, and was created to solve a problem that disappeared almost as quickly as the coin itself.</p> <p>During the Civil War, both the Confederacy and

<p>The Jefferson nickel entered into American coinage in 1938 and has remained in circulation ever since. That stellar record makes it one of the longest-running coins in U.S. history.</p> <p>Most Jefferson nickels are worth only their five cents face value. However, some dates, mint marks, and varieties are surprisingly valuable. Silver wartime issues, rare errors,

<p>The Liberty Head nickel, also called the <strong>Liberty nickel</strong> or "<strong>V</strong>" <strong>nickel</strong>, is an incredibly popular collectible coin in American coinage. The U.S. Mint produced it from <strong>1883 to 1913</strong>, replacing the Shield nickel. It remained the nation's five-cent coin until the Buffalo nickel entered circulation in 1913.</p> <p>U.S. Mint Chief Engraver <strong>Charles E. Barber</strong>

<p>The Buffalo nickel is one of the most famous coins ever made by the United States Mint. The Mint produced this coin series from 1913 to 1938. The obverse features a Native American on the front and an American bison on the back. Its bold design helped redefine American coinage and remains popular with collectors

<p>An increase in the import duty on precious metals has led to a significant shortage of physical silver in India, pushing premiums to six-month highs.</p> <p>The Indian government <a href="https://www.moneymetals.com/news/2026/05/13/india-hikes-gold-and-silver-import-duties-to-support-rupee-004917&quot;>announced the 9 percent duty increase in May</a>. The change pushed the import tax on gold and silver from 6 to 15 percent.</p> <div x-data=" item_id:

<p>If you&rsquo;re reading the headlines, you know that the Consumer Price Index (CPI) came in even cooler than expected. And the expectation was for a much cooler CPI thanks to falling oil prices. However, the CPI doesn&rsquo;t tell the entire inflation story.</p> <p>The CPI measures price inflation. That is just one manifestation of monetary inflation

Source: Streetwise Reports 07/13/2026 55 North Mining Inc.’s (FFF:CSE; 6YF:FSE) winter drill program extends Manitoba gold mineralization 300m beyond current resource, with high-grade intercepts up to 13.60 g/t Au. 55 North Mining Inc. (FFF:CSE; 6YF:FSE) announced results of its 2026 winter diamond drill program on July 7, 2026. The program was focused on its Last

Source: Streetwise Reports 07/13/2026 First Mining Gold Corp. (FF:TSX; FFMGF:OTCMKTS; FMG:FRA) announced that its Springpole Gold Project has received federal environmental assessment approval, allowing the project to proceed under a federal Decision Statement. First Mining Gold Corp. (FF:TSX; FFMGF:OTCMKTS; FMG:FRA) announced that its Springpole Gold Project has received Federal Environmental Assessment approval. The Honourable Julie

Source: Streetwise Reports 07/13/2026 Pacific Empire Minerals Corp. (PEMC:TSX.V; PEMSF:OTCMKTS) closed its CA$3.62 million financing, mobilized exploration crews to Trident, and completed airborne magnetic and ground IP surveys ahead of its 2026 field program. Pacific Empire Minerals Corp. (PEMC:TSX.V; PEMSF:OTCMKTS) announced that it has closed the second and final tranche of its previously announced non-brokered

Source: Streetwise Reports 07/13/2026 First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE) uncovers silver-gold intercepts in Mexico, raises 2026 production guidance, and advances new projects with strong upside ahead. First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE) released Q2 2026 production results from its four producing underground mines in Mexico: the Santa Elena silver-gold mine, the Los

Source: Streetwise Reports 07/13/2026 West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQX; LRA0:FSE) reported new high-grade drill results from its Gold Chain Project in Arizona, with the Northeast Tyro zone remaining open at depth. West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQX; LRA0:FSE) reported assay results from two drill holes at the high-grade Northeast Tyro zone within its Gold

Source: Michael Ballanger 07/13/2026 Michael Ballanger of GGM Advisory Inc. sees gold and silver rebounding off quarter-end lows and eyes a looming structural silver shortage driving the next big move. When I looked over my notes this afternoon to attempt to find something — anything — about which to write that would not put readers

Source: Streetwise Reports 07/13/2026 55 North Mining extends gold mineralization 300 meters at the Last Hope project in Manitoba. Discover the drill results, analyst targets, and why this gold explorer stands out in a supportive market. The gold sector continues to offer compelling opportunities for retail investors seeking exposure to rising metal prices and exploration

Source: Streetwise Reports 07/13/2026 Goldsky Resources completes 100% ownership of the Barsele gold project, positioning investors for major drilling campaigns amid strong gold prices and upcoming catalysts at key assets. Gold prices have remained structurally supported this year despite volatility, creating a favorable backdrop for companies advancing advanced-stage gold assets. With the metal trading well

Source: Streetwise Reports 07/13/2026 KO Gold Inc. (KOG:CSE; KOGDF:OTC) gives an update on its 2026 drilling and exploration activities across the Otago Gold District in New Zealand. KO Gold Inc. (KOG:CSE; KOGDF:OTC) gave updates in a July 7 release on its comprehensive 2026 drilling and exploration activities across its wholly owned exploration permits in the

Source: Streetwise Reports 07/13/2026 First Majestic Silver reports solid Q2 2026 production gains and lifts full-year guidance while advancing key projects in Mexico and the US amid favorable silver and gold market trends. First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE) has reported another quarter of operational strength that positions the company well within the current

Source: Streetwise Reports 07/13/2026 West Point Gold delivers exceptional drill results at its Gold Chain Project in Arizona, highlighting strong growth potential amid favorable gold market conditions for retail investors. Gold prices have held firm above US$4,100 per ounce amid ongoing geopolitical tensions and shifting monetary policy expectations. This environment creates a compelling backdrop for

Source: Streetwise Reports 07/13/2026 Centenario Gold Corp. reports high-grade copper and zinc samples from Los Reyes. See why this exploration opportunity stands out amid strong copper demand and analyst support. Centenario Gold Corp. (CTG:TSX.V) announced assay results from surface and underground rock samples at its Los Reyes project on July 13, 2026. The results highlight

Source: Streetwise Reports 07/13/2026 ATEX Resources Inc. (ATX:TSXV) delivers record drilling results at its Valeriano Copper-Gold Project, expanding high-grade zones and highlighting major growth potential amid rising copper demand. Retail investors seeking exposure to copper are closely watching developments in Chile’s Atacama region, where strong demand for the metal in electrification and infrastructure continues to

<p>How do you turn a <a href="https://www.soundmoneydefense.org/projects&quot; target="_blank" rel="noopener">sound money bill</a> into a big-government bill? Florida has just shown us.</p> <p>When Florida lawmakers approved so-called 'transactional gold' legislation, supporters claimed it was a historic step toward restoring gold and silver as constitutional money.</p> <p>Governor Ron DeSantis, who is often thought to be a champion of

<p>Gold and silver traded in a volatile fashion over the past several days as investors weighed conflicting signals from the Federal Reserve, economic data, and geopolitical developments in the Middle East.</p> <p>Both metals attempted to rebound early in the week after softer labor-market data encouraged hopes that the Fed may be nearing the end of

<p>When you watch the gold price all day, every day, you start to pick up on trends intuitively. Since gold corrected in January, I&rsquo;ve noticed it often rises in the early morning and then drops as soon as the U.S. market opens. This would seem to indicate that demand for gold is generally stronger during

<p>Gold is only down around 7 percent on the year and has remained <a href="https://www.moneymetals.com/news/2026/07/07/despite-correction-gold-remains-one-of-the-top-performing-assets-in-the-last-12-months-005046&quot;>one of the best-performing assets over the last 12 months</a>. However, gold has fallen around 30 percent from its mid-January highs, and the bears seem to be in control for the short term.</p> <p>Analysts at Metals Focus expect gold to remain

<p>When you watch the gold price all day, every day, you start to pick up on trends intuitively. Since gold corrected in January, I&rsquo;ve noticed it often rises in the early morning and then drops as soon as the U.S. market opens. This would seem to indicate that demand for gold is generally stronger during

<p>Gold is only down around 7 percent on the year and has remained <a href="https://www.moneymetals.com/news/2026/07/07/despite-correction-gold-remains-one-of-the-top-performing-assets-in-the-last-12-months-005046&quot;>one of the best-performing assets over the last 12 months</a>. However, gold has fallen around 30 percent from its mid-January highs, and the bears seem to be in control for the short term.</p> <p>Analysts at Metals Focus expect gold to remain

Source: Streetwise Reports 07/11/2026 ATEX Resources Inc. (ATX:TSXV) announces drilling results from its Valeriano Copper-Gold Project in Chile. Read why one analyst calls the company a “compelling investment.” ATEX Resources Inc. (ATX:TSXV) announced drilling results from its Valeriano Copper-Gold Project located in the Atacama region of Chile in a July 8 release. The latest findings

<p><span style="font-weight: 400;">Gold and silver may have spent much of 2026 consolidating after January's sharp correction, but veteran precious metals analyst Ed Steer believes the next major move could be much higher.</span></p> <p><span style="font-weight: 400;">In a conversation with Money Metals' Mike Maharrey, Steer explained why tightening physical supplies, growing demand from the East, unsustainable government

<p><span style="font-weight: 400;">Gold and silver may have spent much of 2026 consolidating after January's sharp correction, but veteran precious metals analyst Ed Steer believes the next major move could be much higher.</span></p> <p><span style="font-weight: 400;">In a conversation with Money Metals' Mike Maharrey, Steer explained why tightening physical supplies, growing demand from the East, unsustainable government

Source: Streetwise Reports 07/10/2026 Goldsky Resources Corp. (GSKR:TSX.V) closes 100% acquisition of Sweden’s Barsele gold project, boasting 2.15 Moz and a CA$8.50 analyst price target implying 167% upside. On June 25, 2026, Goldsky Resources Corp. (GSKR:TSX.V) announced the closing of its acquisition of the remaining 55% interest in the Barsele gold project in Sweden. Now

Source: Bob Moriarty 07/10/2026 Aben Gold Corp. (ABM:TSXV; ABNAF:OTCQB) is drilling its Justin tungsten/gold project in the Yukon this summer, and Bob Moriarty of 321gold.com flags that the company trades barely above its CA$4.4 million in cash and liquid assets against a ~CA$5 million market capnow economic thanks to a 700-900% spike in tungsten prices.

Source: Mike Kozak 07/10/2026 Cantor Fitzgerald’s Mike Kozak reiterates a Speculative Buy on Contango Silver & Gold (NYSE/TSX: CTGO) and raises his target to US$32.00, citing the conversion of remaining gold hedges into debt, full exposure to spot gold, and expected material grade improvements at the Kinross-operated Manh Choh mine in 2027. On July 6,

Source: Streetwise Reports 07/10/2026 Southern Silver Exploration Corp. (SSV:TSX.V; SSVFF:OTCQX; SEG1:FSE) reveals strong silver-polymetallic grades from Puro Corazon sampling. Learn why this Mexico project offers retail investors compelling upside in a rising silver market. Silver prices have shown resilience near the US$59 level amid shifting macroeconomic conditions, creating renewed interest in high-grade silver developers. Southern