Bullion Blog

<p>Silver's extraordinary "rerate" to much higher price levels continued apace over the Christmas holiday, adding another $5 on Friday while exceeding $77 per ounce.</p> <div x-data=" item_id: 267, view: null " x-html="view || 'Product-267'" x-init="view = await (await fetch('/shortcodes/product/single/267')).text()">!!–Product-267–!!</div> <p>That's a rally of well over 100% since June, with silver's multi-decade $50 high left in […]

<p>Merry Christmas and welcome to this week&rsquo;s Market Wrap Podcast, I&rsquo;m Mike Gleason.</p> <p>Later in today&rsquo;s program we&rsquo;ll have a special year-end interview with Money Metals CEO Stefan Gleason — who's joined by Jp Cortez of our sound money project. Stefan provides his observations of what's happening in the precious metals market — globally and

West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQB) announced the results from three drill holes in the high-grade zone at Northeast (NE) Tyro, part of the ongoing 15,000-meter drill program at its flagship Gold Chain project in Arizona, according to a release on December 17. The company is reporting assay results for three drill holes (658 meters),

Grande Portage Resources Ltd. (GPG:TSX.V; GPTRF:OTCQB; GPB:FSE) shared an update on the transportation infrastructure for its New Amalga gold property in southeastern Alaska in a release on December 15. The current development plan envisions a compact underground mining operation with off-site processing by a third party, removing the need for an on-site mill or tailings

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$3,000 and US$6,000.  As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Perpetua

Pacific Empire Minerals Corp. (PEMC:TSX.V; PEMSF:OTCMKTS), a copper-gold exploration company based in British Columbia, announced initial assay results from the upper section of the first hole of its 2025 winter diamond drilling program at the Trident copper-gold project in north-central British Columbia in a release on December 15. These initial results, which cover only the

In Canada and the U.S., the tax year ends on December 31. This creates a flurry of selling as the year draws to a close. Why? Investors want to realise losses which they can then offset against gains elsewhere and so reduce their tax bill. This creates considerable selling pressure, especially amongst small-cap stocks, and

<p>With the recent (and relatively consistent) daily/weekly silver price records, commentary has turned from &ldquo;how short is XYZ bank and how much trouble is Comex in&rdquo; to &ldquo;why are silver related equities so cheap on an historic basis.&rdquo;</p> <p>Being sceptics ourselves, we immediately had to ask: Are they, though?</p> <p>So I want to explore whether

<p><span style="font-weight: 400;">Mike Maharrey kicks off this Money Metals Midweek Memo a day early, calling it </span><a href="https://www.moneymetals.com/news/2025/12/22/silver-gold-andpeppermint-004565&quot;><span style="font-weight: 400;">a &ldquo;Christmas Eve Eve&rdquo; episode</span></a><span style="font-weight: 400;"> and warning up front that it will be shorter and more informal.</span></p> <p><span style="font-weight: 400;">But even in holiday mode, he says he can&rsquo;t ignore what&rsquo;s happening in metals right

<p><span style="font-weight: 400;">Mike Maharrey kicks off this Money Metals Midweek Memo a day early, calling it </span><a href="https://www.moneymetals.com/news/2025/12/22/silver-gold-andpeppermint-004565&quot;><span style="font-weight: 400;">a &ldquo;Christmas Eve Eve&rdquo; episode</span></a><span style="font-weight: 400;"> and warning up front that it will be shorter and more informal.</span></p> <p><span style="font-weight: 400;">But even in holiday mode, he says he can&rsquo;t ignore what&rsquo;s happening in metals right

<p>Gold is a gift fit for a king.</p> <p>In fact, according to biblical accounts, it was the first gift offered to the &ldquo;King of Kings."</p> <p>If you have any Christian background at all &ndash; and even if you don&rsquo;t &ndash; you probably know the story of the Three Wisemen.&nbsp; Magi. According to the account in

Nobel Resources Corp. (NBLC:TSX) is a TSX Venture Exchange-listed, Canadian-headquartered exploration company focused on copper exploration in northern Chile. The company has assembled a portfolio of four copper projects totaling approximately 6,050 hectares, all located within well-established metallogenic belts and all showing copper mineralization at surface. The strategy is straightforward and disciplined. Nobel is targeting

Junior exploration stories often take shape quietly before the market starts paying attention. Vanguard Mining Corp. (UUU:CSE; UUFF:OTC; SL51:FWB) is one of those situations where the fundamentals, the asset base, and the technical picture are beginning to align. Vanguard Mining Corp. is a Canadian mineral exploration company advancing a diversified portfolio of uranium, copper, and

In the wake of an unprecedented surge in the value of gold, silver, and platinum, the Daily Sentiment Index (DSI) indicates that a significant market peak remains distant. As of December 22, the DSI stood at 83 for gold, 84 for silver, and 88 for platinum. During Monday the 22nd trading, platinum experienced a remarkable

Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) is not a typical gold stock. It is a long-duration leverage vehicle designed to outperform in a rising gold price environment, and the chart suggests the market is starting to recognize that again. Seabridge Gold trades on the TSX under the symbol SEA and on the NYSE under SA. For

Armory Mining Corp. (ARMY:CSE; RMRYF:OTC; J2S:FRA) announced that it has engaged Castello Q Exploration Corp. to conduct a phase one exploration work program at its 100% owned Ammo antimony-gold project in Nova Scotia. The project covers approximately 3,092 hectares and fully surrounds the historical West Gore antimony-gold mine, which produced antimony and gold in the

Hot Chili Ltd.’s (HCH:ASX; HCH:TSXV; HHLKF:OTCQX) La Verde deposit, where phase two drilling is underway, is “fast demonstrating its potential to add an additional open-pit resource” to the Costa Fuego copper-gold project in Chile, reported Paradigm Capital Analyst Jeff Woolley in a Dec. 10 research note. Paradigm raised its target price on the copper development

View Important Disclosures for this Article Close Important Disclosures: SeaBridge Gold is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.  This article does not

Algo Grande Copper Corp. (ALGR:TSX.V) debuted on Tier 2 of the TSX Venture Exchange (TSX.V) under the ticker symbol ALGR, reflecting its name change from Kenadyr Metals Corp. and uplisting from the exchange’s NET board. Also, the company just consolidated 100% ownership of the Adelita copper-gold-silver project, which required two acquisitions. The second one, for

A crucial component of StrikePoint Gold Inc.’s (SKP:TSX.V; STKXF:OTCQB) plan for 2026 involves a resource definition drilling program at the Hercules Gold Project in Nevada, the company announced in a release on December 22. The exploration strategy for 2026 is focused on converting its current National Instrument (NI) 43-101 Exploration Target into an inferred resource

West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQB) announced the results from three drill holes in the high-grade zone at Northeast (NE) Tyro, part of the ongoing 15,000-meter drill program at its flagship Gold Chain project in Arizona, according to a release on December 17. The company is reporting assay results for three drill holes (658 meters),

Pacific Empire Minerals Corp. (PEMC:TSX.V; PEMSF:OTCMKTS), a copper-gold exploration company based in British Columbia, announced initial assay results from the upper portion of the first hole of its 2025 winter diamond drilling program at the Trident copper-gold project in north-central British Columbia in a release on December 15. These initial results, which represent only the

<p>Talk about a Christmas gift!</p> <p>Gold and silver both hit new record highs Christmas week, with gold eclipsing $4,500 and silver above $70.&nbsp;</p> <p>But are these precious metals in a bubble?</p> <p>In this episode of the Midweek Memo podcast, Mike Maharrey argues that they are not. He thinks that the gold and silver markets are

Gold miners have experienced a remarkable recovery in 2025, rising over 120% year-to-date, yet they remain fundamentally undervalued compared to the metal itself, according to global investment firm VanEck in a November 7 piece titled “Gold in 2025: A New Era of Structural Strength and Enduring Appeal.” “With all-in sustaining costs averaging around US$1,600/ounce, nearly every

View Important Disclosures for this Article Close Important Disclosures: SeaBridge Gold is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.  This article does not

Occasionally, a junior gold company lines up across multiple critical factors, technical setup, geological potential, and leadership expertise, in a way that grabs your attention. Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQB; X7W:FSE) may be one of those rare cases. This is not just another greenstone belt story. It’s a company methodically uncovering stacked high-grade gold zones

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$3,000 and US$6,000. 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: As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Franco Nevada Corp. Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an

Some business models quietly compound value while the market focuses elsewhere. The royalty model is one of them, and in precious metals, it has historically rewarded patience. That dynamic may be setting up again as silver fundamentals tighten and investors begin to look for leverage with less operating risk. Silver Crown Royalties Inc. Silver Crown

Those who have followed my writings are acutely aware that I place immense value on gauging market sentiment. The preeminent sentiment indicator I’ve ever encountered is Jake Bernstein’s Daily Sentiment Indicator or DSI. As silver blasts through historic peaks daily and platinum gears up to crash the festivities, sentiment emerges as the ultimate tool in

Tether, the sponsor of the world’s largest dollar stablecoin (crypto backed by dollars), also has a gold-backed stablecoin (Tethergold, with the symbol XAUT) that has been growing dramatically. From its launch in early 2020, XAUT has grown to over $2 billion in value today. As a consequence, Tether has become one of the largest buyers

CEO Trey Wasser called 2025 a “transformative year’ for the Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQB; X7W:FSE), in a recent press release, and credited both the exploration team and shareholders for supporting execution across multiple targets within the Dryden Gold District. In a December 17 press release, Dryden Gold reported it drilled approximately 15,000 meters during 2025 and

A key element for StrikePoint Gold Inc.’s (SKP:TSX.V; STKXF:OTCQB) strategy for 2026 will include a resource definition drilling initiative at the Hercules Gold Project in Nevada, the company reported in a release December 22. The exploration agenda for 2026 aims to transform its existing National Instrument (NI) 43-101 Exploration Target into an inferred resource estimate

Every bull market has a handful of junior companies that quietly rebuild while few are paying attention. They consolidate, simplify their story, acquire real assets, and wait patiently for the market cycle to turn. When that recognition finally arrives, the move can be sudden and meaningful. That may be what is beginning to unfold at

<p>Gold, silver, platinum, and palladium are building upon last week's gains and rallying again this morning — in a big way.</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=1')).text()">!!–Product-Random-Featured-1–!!</div> <p>Traders are paying particularly close attention to gold — with the yellow metal now poking above its all-time high

<p>You know what I miss?<br /><br />Christmas specials.</p> <p>Yes. I am a grownup. But I still love the Christmas specials. Snoopy decorating his doghouse. The Grinch folding up the Christmas tree like an umbrella and stuffing it up the chimney. Frosty the snowman melting in a greenhouse.</p> <p>But my favorite Christmas special is&nbsp;<em>Rudolph the Red-Nosed

<p>Gold prices continued to rise in India, creating headwinds for jewelry demand while boosting investment.</p> <p>India ranks as the world's second-largest gold market behind China.</p> <p>Gold has increased 73 percent year-to-date in rupee terms. That compares with a 67 percent increase in dollar terms.&nbsp;<span style="margin: 0px; padding: 0px;">A weakening dollar, persistent geopolitical tensions, and&nbsp;<a href="https://www.moneymetals.com/news/2025/12/07/asian-funds-dominate-as-etfs-add-gold-for-sixth-straight-month-004531&quot;

<p>The <a href="https://www.moneymetals.com/news/2025/12/18/november-cpi-report-like-the-gift-of-an-ugly-sweater-004557&quot;>November CPI data came in much cooler than expected</a>. This boosted optimism that the Federal Reserve has finally gotten inflation under control and fueled speculation that the Federal Reserve may be willing to deliver additional monetary easing (In other words, <a href="https://www.moneymetals.com/news/2025/12/12/inflation-alert-money-supply-increasing-at-fastest-rate-since-2022-004542&quot;>create more inflation</a>).</p> <p>The question should be: why is anybody putting any

<p><span style="font-weight: 400;">In a recent episode of the Money Metals podcast, host Mike Maharrey sits down with </span><a href="https://share.google/fXf1CdcSxlHFMJGK3&quot; rel="noopener noreferrer" target="_blank"><span style="font-weight: 400;">Peter C. Earle, PhD</span></a><span style="font-weight: 400;">, of the </span><a href="https://thedailyeconomy.org/article/article-author/peter-c-earle/&quot; rel="noopener noreferrer" target="_blank"><span style="font-weight: 400;">American Institute for Economic Research (AIER)</span></a><span style="font-weight: 400;"> to unpack what the gold standard actually is&mdash;and why it

Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE) investor Rob McEwen increased his direct ownership of the company to 2.6%, or 4.45 million (4.45M) shares, by exercising all of his warrants for total proceeds of CA$1.2 million (CA$1.2M), it was announced in a news release.   “We want to thank the continued support of all our cornerstone

On December 17, 2025, Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) announced that it had entered into a definitive agreement to acquire the Del Toro Silver Mine in the Chalchihuites District in Mexico from First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE). They acquired this mine for a total consideration of up to US$60 million,

Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) has named Hatch Ltd. as the Engineering, Procurement, and Construction Management (EPCM) contractor for its Stibnite Gold Project in Idaho. The move, which followed a competitive selection process, marks another step forward as the project shifts from planning to development. As EPCM contractor, Hatch will oversee engineering, design, procurement, and

Lake Victoria Gold Ltd. (LVG:TSX; LVGLF:OTCQB; E1K:FSE) announced results from a recent grab sampling effort conducted at several active artisanal mining sites within its fully owned Tembo Project in northwestern Tanzania, as per a December 18 release. The ongoing artisanal operations across the license area have highlighted several key targets, with grab samples showing high-grade

José Antonio Kast has been elected Chile’s 38th president following a December 14 runoff. A long-standing figure on the far right and leader of the Republican Party, Kast captured 58.3% of the vote, defeating Jeannette Jara of the ruling center-left coalition, who garnered 41.7%. As reported by PBS on December 14, Jara conceded shortly after

<p>Welcome to this week&rsquo;s Market Wrap Podcast, I&rsquo;m Mike Gleason.</p> <p>Later in today&rsquo;s program we&rsquo;ll have an exclusive interview with Dr. Peter Earle &ndash; Director of Economics and Economic Freedom and a Senior Research Fellow at the American Institute of Economic Research. Join Money Metals' Mike Maharrey and Peter as discuss the gold standard, why

<p>Let&rsquo;s talk about security.</p> <p>If you own precious metals and you opt to keep them in your possession, you need to take steps to keep them secure, right? You don&rsquo;t want to be like the lady who hid her silver coins in a Tupperware container where <a href="https://www.moneymetals.com/news/2025/12/12/john-steals-thousand-of-dollars-worth-of-gold-and-silver-from-womans-home-004543&quot;>her &ldquo;boyfriend&rdquo; could steal them</a>.</p> <p>This seems self-evident,

Tax loss selling… Should investors engage in it? Well, first of all, if they live in Monaco or the Cayman Islands (or America a long time ago), the answer is no, because there are no capital gains taxes to pay. What about jurisdictions where aggressive governments demand such taxes from investors? Interestingly, more goes into

Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE) reported that it has intersected 0.56 grams per tonne (g/t) of gold over 99.84 meters in drill hole QGQ25-23, starting from 182.20 meters, as stated in a release amended on December 17. Additionally, drill holes QGQ24-21 and QGQ25-23 to QGQ25-24 encountered intermittent anomalous gold mineralization but were

Emerita Resources Corp. (EMO:TSX.V; EMOTF:OTCQB; LLJA:FSE) has secured TSX Venture Exchange approval for a revised credit agreement with Nebari Natural Resources Credit Fund II, LP, expanding the company’s access to capital. The updated terms include a new fourth tranche, adding US$35 million to the facility and raising the total available to US$50 million. The funds

Lake Victoria Gold Ltd. (LVG:TSX; LVGLF:OTCQB; E1K:FSE) reported findings from a recent grab sampling initiative carried out at several active artisanal mining locations within its wholly owned Tembo Project in northwestern Tanzania, according to a December 18 release. The ongoing artisanal activities throughout the license area have underscored several key targets, with grab samples yielding