Bullion Blog

<p>After an initial safe-haven boost at the onset of the Iran war, gold corrected and has behaved more like a risk asset. However, HSBC analysts say the <a href="https://www.moneymetals.com/news/2025/03/11/de-dollarization-gold-and-a-shift-to-a-multipolar-world-003898&quot;>de-dollarization trend</a> still makes the yellow metal a good long-term investment.</p> <p>As I have noted, <a href="https://www.moneymetals.com/news/2026/03/03/how-has-war-impacted-the-gold-price-in-the-modern-era-004733&quot;>wars in the modern era haven&rsquo;t had a major impact on […]

<p>One of the things that makes gold valuable is its scarcity. But just how rare is gold?</p> <p>Based on best estimates, geologists at Metals Focus estimate that there are 219,890 tonnes of gold currently above ground.</p> <p>That sounds like a lot, but if you melted all that gold into a cube, it would only measure

<p>Let&rsquo;s say you buy gold at $5,300. Minutes later, you try to sell, and the dealer offers $5,000.</p> <p>That difference stems from the <b>bid vs ask</b> question. Let&rsquo;s quickly break down what these terms mean:</p> <ul> <li><b>Bid price: The bid price is the highest price a buyer will pay for gold or silver</b></li> <li><b>Ask price:

Source: Michael Ballanger 03/30/2026 Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of the market, and shares one copper stock on his list. Judging from the mood of the colour commentators on CNBC on the final trading day of the week and final Friday of the month and quarter, I

Barrick Mining Corp. (ABX:TSX; B:NYSE) had another spanner thrown into its IPO plans when it was revealed that Tech Resources owns a valuable Net Profits Royalty over much of its new Fourmile project (see Bulletin #980). The royalty starts at 10% but increases to 15% after 6 million ounces have been produced. This is clearly

B2Gold Corp. (BTG:NYSE; BTO:TSX; B2G:NSX) announced positive exploration drilling results from its 2025 Back River Gold District exploration program in Nunavut, Canada, according to a company news release dated March 25, 2026. The company stated that results from the program confirm significant resource potential across the district, while also increasing deposit knowledge and supporting resource

Green Bridge Metals Corp. (GRBM:CSE; GBMCF:OTC; J48:FWB) reported results from the initial phase of its 2026 diamond core drilling program at the Titac project in northeastern Minnesota, where three drill holes have been completed across the Titac South deposit. The company stated that drilling began in late January 2026 and has so far included holes

Contango ORE Inc (CTGO:NYSEA) and Dolly Varden Silver Corp. (DV:TSX.V; DVS:NYSEA; DVQ:FSE) have successfully completed their merger, following the necessary approvals from shareholders and the court, according to a March 26 release. Contango has also initiated the process to list its shares on the Toronto Stock Exchange, pending fulfillment of listing criteria and the exchange’s

<p>Based on the CPI, inflation is relatively cool. Don't be fooled. It's much higher than advertised, and you can see it clearly if you look at the right data.</p> <p>When talking heads on CNBC or Fox Business talk about inflation, they always reference the Consumer Price Index (CPI). This metric measures the price changes in

<p>Despite price volatility and the recent dip in gold prices, the Swiss Bankers Association says the yellow metal will continue to become more important as a store of value in an increasingly fragmented and politically uncertain global economy.&nbsp;</p> <p>Swiss Bankers Association advisor for regulation and economics, Nina-Alessa Michel, said that headlines will likely drive continued

<h2 id="silver-dime-years-1892-1964-full-list-and-key-dates">Silver Dime Years (1892-1964): Full List and Key Dates</h2> <p><strong>Silver dime years</strong> run from 1892 through 1964. All US dimes minted during this period contain 90% silver. These include <strong>Barber dimes</strong> (1892-1916), <strong>Mercury dimes</strong> (1916-1945), and <strong>Roosevelt dimes</strong> (1946-1964).</p> <p>Each <strong>Roosevelt dime</strong> contains just <strong>0.07234 troy ounces</strong> of actual <strong>silver content</strong>, meaning the price

<p><span style="font-weight: 400;">In a recent episode of the Money Metals podcast, host Mike Maharrey sat down with renowned </span><a href="https://x.com/TheGoldAdvisor&quot; target="_blank" rel="noopener"><span style="font-weight: 400;">precious metals analyst Jeff Clark</span></a><span style="font-weight: 400;"> to unpack the sharp pullback in gold prices and the dominant narratives driving market sentiment. As of their Thursday afternoon recording, gold had declined again,

Tiger Gold Corp. (TIGR:TSXV) was listed on the TSX Venture Exchange (TSXV) on March 26, 2026. The day before, Tiger Gold announced that its common shares had been approved for electronic clearing and settlement in the U.S, approved by the Depository Trust Company (DTC), which deals with publicly traded companies. This approval should help the

I have heard all kinds of reasons why gold has gone down. I have even heard of some bulls turning bearish. I think a big issue is, just like many did not understand why gold went up, they don’t get why it went down. First off, before it went down, it went up too high;

Armory Mining Corp. (ARMY:CSE; RMRYF:OTC; J2S:FRA) announced that it has acquired historical geological data for its Riley Creek antimony-gold project in British Columbia and plans to conduct a detailed analysis using modern interpretation methods and advanced software. The company stated that it anticipates commencing the data review immediately and intends to begin its previously stated

NexGold Mining Corp. (NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE) announced that it has commenced a Reverse Circulation infill drill program at its Goldboro Gold Project in Nova Scotia. The program comprises up to 30,000 metres of drilling and is focused on the Goldboro Deposit, targeting specific areas of the Mineral Resource at a nominal drill spacing of 12.5

Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE) announced the completion of drill hole QGQ25-28 to a total depth of 754.69 meters that concluded in mineralization approximately 12 meters from the claim boundary with Osisko Development Corp. (ODV:TSX.V), according to a March 25 release. This drilling activity took place at the company’s Quesnelle Gold Quartz

KO Gold Inc. (KOG:CSE) announced that its common shares began trading on the OTCQB Venture Market on March 20 under the ticker symbol “KOGDF,” according to a March 23 release. This listing on the OTCQB represents a significant achievement for the company as it continues to develop its extensive land holdings in the Otago Gold

The global tungsten market experienced a sharp tightening in supply conditions in early 2026, with prices rising to record levels amid export restrictions, geopolitical tensions, and increasing demand from both defense and industrial sectors. According to a March 16 Bloomberg report, tungsten prices more than doubled during the year and rose 557% since China added

<p><strong>(Atlanta, Georgia &ndash; March 27, 2026)</strong> &ndash; Georgia lawmakers expressed grave concerns with a big government scheme promoted by backers of a self-interested gold vendor yesterday and voted overwhelmingly to kill the proposal.</p> <p>Senate Bill 424, the &ldquo;government transactional gold boondoggle&rdquo; bill, would have created a new Georgia government commission of bureaucrats to launch a

<p>We know one of the reasons there has been so much downward pressure on gold since the beginning of the Iran War. Turkey recently sold and swapped 60 tonnes of gold to support its currency.</p> <p>The Iran War is temporarily giving the U.S. dollar a new lease on life as it throws markets into chaos.

<p>Welcome to this week&rsquo;s Market Wrap Podcast, I&rsquo;m Mike Gleason.</p> <p>Coming up don&rsquo;t miss our interview with Jeff Clark &ndash; founder of <a href="https://thegoldadvisor.com/&quot; target="_blank" rel="noopener">TheGoldAdvisor.com</a> newsletter and a globally recognized authority on precious metals. Jeff and Mike Maharrey try to make sense of the recent correction in the gold price and how the impact

Lake Victoria Gold Ltd. (LVG:TSX; LVGLF:OTCQB; E1K:FSE) announced an update following recent discussions with the Tanzanian Mining Commission concerning the implementation of the government’s statutory participation in its Tembo Project located in northwestern Tanzania, according to a release on March 25. The company’s Tanzanian subsidiary has officially received notice from the Mining Commission to begin

Apollo Silver Corp. (APGO:TSX.V; APGOF:OTCQB) is a silver-focused exploration and development company advancing projects in the United States and Mexico. The company is focused on becoming a mid-tier silver producer by advancing silver-focused projects in mining-friendly U.S. jurisdictions, with a strategy centered on exploration and resource definition programs in areas with historic silver production and

Copper is rapidly becoming one of the most strategic metals in the global economy. Electrification, artificial intelligence infrastructure, renewable energy systems, and electric vehicles are all driving demand higher, yet the number of new copper discoveries has been declining for years. Industry analysts increasingly warn that the world could face a significant copper supply gap

Heliostar Metals Ltd. (HSTR:TSX.V; HSTXF:OTC; RGG1:FRA) announced a new agreement with Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQX) to acquire 100% interest in the Goldstrike Project in Utah at a price of CA$72.5 million. “Heliostar, through its whole owned subsidiary, Helio Five Resources Ltd., has entered into an agreement dated March 20, 2026, to purchase Specialty American Metals

Algo Grande Copper Corp. (ALGR:TSX.V) announced the start of advanced surface and geophysical exploration programs at its wholly-owned Adelita Project in Sonora, Mexico, according to a March 19 release. These initiatives are aimed at refining and prioritizing drill targets in preparation for the upcoming Phase II drill program, set to begin in the second quarter

Torr Metals Inc. (TMET:TSX.V) announced that the drill-permitted Lodi and Kirby zones at its Kolos Copper-Gold Project in British Columbia have emerged as a compelling secondary drill target for its 2026 exploration program, based on newly integrated interpretations of geological, geochemical, and geophysical datasets, according to a March 25 release. Lodi and Kirby have been

<p><span style="font-weight: 400;">In a recent episode of the Money Metals Midweek Memo podcast, Mike Maharrey opens with a surprising admission. In the short term, he has </span><a href="https://www.moneymetals.com/news/2026/03/23/ive-turned-into-a-gold-bear-for-now-004781&quot;><span style="font-weight: 400;">turned bearish on gold</span></a><span style="font-weight: 400;">.</span></p> <p><span style="font-weight: 400;">This is not a reversal of conviction but a recognition of current market realities. Maharrey makes clear that

<p>A slowdown in demand for electric vehicles has injected optimism into the platinum group metal (PGM) markets.</p> <p>Platinum and palladium are integral inputs in the production of catalytic converters for both gasoline and diesel-powered engines. They are also used in chemical and petroleum processing, electronics, and specialized medical and industrial equipment. Platinum is popular in

<p>India is increasingly bypassing the U.S. dollar in oil transactions.</p> <p>The U.S. granted India a waiver to purchase Russian oil despite ongoing sanctions, as the Iran war squeezes global crude supplies. However, the waiver expires on April 11. According to <a href="https://www.bloomberg.com/news/articles/2026-03-25/india-refiners-tap-dollar-alternatives-to-purchase-russian-oil&quot; target="_blank" rel="noopener">a <em>Bloomberg</em> report</a>, Russian refiners are seeking &ldquo;more durable arrangements&rdquo; and alternative

<p>The U.S. government is insolvent.</p> <p>This isn&rsquo;t hyperbole.</p> <p>In fact, you could call it an understatement.</p> <p>The Treasury Department recently released its consolidated financial statements for fiscal year 2025. Uncle Sam ended the year with $6.06 trillion in total assets against $47.78 trillion in total liabilities.</p> <p>For you non-accountants out there &ndash; that&rsquo;s not good.</p>

Andean Precious Metals Corp. (APM:TSX; ANPMF:OTCQX) released its Q4 2025 and full 2025 financial results on March 25, 2026. Andean reported a record-high revenue of US$133.7 million for Q4 and US$359.8 million for the year, respectively, with 43% of sales coming from gold and 57% from silver. The company attributes this to a bullish market,

Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQX) announced that it has entered into a definitive share purchase agreement to sell the issued and outstanding shares of its subsidiary, Speciality American Metals Inc., which owns the Goldstrike project in southern Utah, to Heliostar Metals Ltd (HSTXF:OTCQB) for total consideration of US$72.5 million. Under the terms of the agreement,

West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQX; UJO:FSE) announced that, effective at the close of markets on March 20, 2026, it has been included in the VanEck Junior Gold Miners ETF (GDXJ) as part of the ETF’s quarterly rebalance. The GDXJ tracks an index of small- and mid-cap companies primarily involved in precious metals

<p>There's a case to be made against gold right now.&nbsp;</p> <p>And that bearish narrative is driving the markets right now.&nbsp;</p> <p>In this week's Midweek Memo podcast, Mike Maharrey makes the case against gold — and argues that it isn't very good. He explains why the perception currently controlling the markets will eventually be overwhelmed by

<p><b>Central banks buying gold</b> has become one of the most important trends in global finance today. The question is, why does that matter?</p> <p><b>Sovereign banks</b> do not make decisions impulsively. When they move, especially in sizable shifts, it signifies deeper shifts in economics. That&rsquo;s what we&rsquo;ve seen over recent years.</p> <p>China, India, Turkey, and other

Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced that Tudor Gold Corp. has officially withdrawn its appeal with the Supreme Court of British Columbia concerning a prior decision by the Chief Gold Commissioner (CGC), according to a March 19 release. This decision, dated May 28, 2025, saw the CGC refuse to consider Tudor’s request for a ruling

On March 23, 2026, West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQB) announced that the results of its 15,000-meter drill campaign have greenlit the expansion of the campaign to 20,000 meters. West Gold plans to drill the Tyro Northeast vein and Frisco Graben until at least the end of May 2026 in search of further gold deposits. The

In the past week, I have observed a legion of perma-bears all pointing to various technical and fundamental reasons for the bull market that began in 2009 to have ended. The main culprit, of course, is the price of oil, gas, diesel, heating oil, jet fuel, and any other hydrocarbon necessary for the smooth operation

Canary Gold Corp. (BRAZ:CSE; CNYGF:OTC; K5D:FSE) announced preliminary results from its current drilling activities at the Madeira River Project in Brazil which suggest the presence of a significant paleochannel gold system, according to a March 24 release. The recent shallow drilling efforts aimed at exploring paleochannel environments have successfully intersected continuous layers of sand and

With those year-over-year policy gains in view, attention can now turn to the companies operating in or tied to those jurisdictions. Nova Scotia, Bolivia, and Tasmania led the Policy Perception Index gainers from 2024 to 2025, and the following company updates provide a closer look at issuers with exposure to each of those three markets.

In a sweeping tungsten rally, commodity prices have risen 557% over the past year. This rush started when Beijing added certain tungsten products to its export control list due to trade tension with the U.S. Project Blue noted that Chinese shipments of restricted tungsten products were down roughly 40% last year, creating scarcity. Over the

<p>In 2022, the US Dollar Index surged to a 20-year high, yet gold still rallied the following year. This fact might surprise you, since there is a common belief among investors: &ldquo;Dollar down, gold up.&rdquo;</p> <p>So, <strong>does the US dollar affect gold prices</strong>? Once again, the answer is <strong>yes</strong>.</p> <p>When the <strong>US dollar</strong> weakens, <strong>gold</strong>

<p>Even as <a href="https://www.moneymetals.com/news/2026/03/23/ive-turned-into-a-gold-bear-for-now-004781&quot;>gold faces significant price pressure</a> as the Iran war drags on, dealers in Singapore are bracing for continued high demand.</p> <p><a href="https://www.straitstimes.com/business/companies-markets/spore-gold-sellers-bring-in-more-stock-build-vaults-to-meet-higher-demand-amid-middle-east-crisis&quot; target="_blank" rel="noopener"><em>The Straits Times</em> reports</a> that bullion dealers, jewelers, and pawn shops report a surge in precious metals buying, and many retailers are boosting inventories to keep up with surging

<p>Many people are flummoxed by gold&rsquo;s deep correction over the last two weeks. Given there&rsquo;s a war on, shouldn&rsquo;t gold be catching a strong safe-haven bid?</p> <p>In fact, the pattern playing out in the gold market isn't out of character. We saw similar dynamics in the early days of the 2008 financial crisis and the

Gold has surged nearly 25% this year, central banks are rotating out of dollar assets at an accelerating pace, and geopolitical tension is pushing safe-haven demand to new heights. In that environment, investors looking for leverage to the gold price are increasingly turning to early-stage explorers in proven districts like Golden Cariboo Resources Ltd. (GCC:CSE;

On March 15, 2026, analyst Tim Wright, MSc, CFA of Couloir Capital published an updated equity research report on Abcourt Mines Inc. (ABI:TSX.V; ABMBF:OTCPK), maintaining a BUY rating and raising the fair value estimate to CA$0.27 per share from CA$0.21 previously. The upgrade reflects Abcourt’s first profitable quarter from mining operations, a transformative financing deal

Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB) reported results from nine diamond drill holes at the Southwest deposit within its 100-per-cent-owned Clarence Stream high-grade gold project in New Brunswick, Canada. The drilling program focused on the southwestern portion of the Southwest deposit, known as the Richard zone, and was designed to fill gaps within existing resource pit

Canary Gold Corp. (BRAZ:CSE; CNYGF:OTC; K5D:FSE) began trading its common shares on the OTCQB Venture Market on March 19 under the ticker symbol CNYGF, according to a March 18 release. This development is a significant milestone for the company as it progresses with its extensive Madeira River project in Brazil, where a 20,000-metre drilling program