Bullion Blog

<p>Welcome to this week&rsquo;s market wrap podcast, I&rsquo;m Mike Gleason</p> <p>Coming up don&rsquo;t miss our exclusive interview with Edward Sterck of the <a href="https://platinuminvestment.com/&quot; target="_blank" rel="noopener">World Platinum Investment Council</a>. Edward shares the drivers behind the recent price gains over the last couple of years in the Platinum Group Metals, but discusses how the prospects for […]

Eloro Resources Ltd. (ELO:TSX; ELRRF:OTCQX; P2QM:FSE) has reached a significant milestone at its Iska Iska project in Southern Bolivia, where the company intersected its highest silver interval to date, according to a December 9 release. In Hole DSB-93, the company reported 72 meters grading 294.81 grams per tonne silver (g/t Ag) within a broader interval

Omineca Mining and Metals Ltd.’s (OMM:TSX.V; OMMSF:OTCQB) share price jumped 73% in about 26 hours on recent news that it began recovering gold at its Wingdam underground paleoplacer project in south-central British Columbia’s Cariboo mining district after a months-long delay. “[This marks] the first underground placer gold production since the 2012 bulk test,” wrote Bill

Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) has announced a partnership with the Idaho National Laboratory to establish and operate a modular pilot processing facility aimed at extracting critical and defense-linked minerals — most notably antimony — from the company’s Stibnite Gold Project. This collaboration builds on Perpetua’s existing agreement with the U.S. Army through the Defense

Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB) reported new drill results from the 2025 exploration program at the Haldane Silver Property in the Keno Hill Silver District, Yukon, extending the Main Fault mineralized structure by an additional 50 meters along strike. The Main Fault has now been intersected over more than 100 meters in strike length

Emerita Resources Corp.’s (EMO:TSX.V; EMOTF:OTCQB; LLJA:FSE) stock got punished due to an unfavorable Spanish criminal court ruling on the Aznalcollar project tender, reported Clarus Securities Analyst Varun Arora in a Dec. 8 research note. On the news, Clarus updated its model on the Canadian explorer to exclude Aznalcollar, and this resulted in a 52% lower

Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) shared further results from its 2025 drilling efforts at the Snip North Deposit within its wholly owned Iskut project in a release on December 10. Each drill hole uncovered extensive intervals of consistent gold and copper grades, reinforcing the presence of a substantial Porphyry Cu-Au (copper-gold) system, the company noted.

<p>The Federal Reserve announced a new round of <a href="https://www.moneymetals.com/news/2024/04/02/what-is-quantitative-easing-and-how-does-it-work-003092&quot;>quantitative easing (QE)</a> on Wednesday.</p> <p>It also cut the federal fund rate by another 25 basis points.</p> <p>The mainstream called this &ldquo;a hawkish cut.&rdquo; Is that anything like a jumbo shrimp? Or government intelligence?</p> <p>And if this is hawkish, I can&rsquo;t wait to see what the

<p>Demand for gold is so strong in Thailand that revenue at the country&rsquo;s largest gold trading house is on pace to eclipse the government&rsquo;s entire fiscal 2026 budget.</p> <p>This underscores the surging demand for gold in Asia that continues to support the gold bull market.</p> <p>Hua Seng Heng is on pace to earn a record

<p><span style="font-weight: 400;">In this Midweek Memo, Money Metals&rsquo; Mike Maharrey opens with physics, not finance. Water &ldquo;should&rdquo; freeze at 0&deg; C (32&deg; F), but very pure, undisturbed water can be supercooled to &ndash;5, &ndash;10, even &ndash;20&deg; C and stay liquid. Tap the glass or drop in a speck of ice, and the whole thing crystallizes

Eloro Resources Ltd. (ELO:TSX; ELRRF:OTCQX; P2QM:FSE) has achieved a significant milestone at its Iska Iska project in Southern Bolivia, where the company intersected its highest silver interval to date, according to a December 9 release. In Hole DSB-93, the company reported 72 meters grading 294.81 grams per tonne silver (g/t Ag) within a broader interval

Freeman Gold Corp. (FMAN:TSX; FMANF:OTCQB; 3WU:FSE) has reported new assay results from three drill holes completed during its 2025 core drilling program at the Lemhi Gold Project in Idaho, U.S.A. The results are part of the company’s larger initiative to advance the project toward a Feasibility Study and update its Mineral Resource Estimate. According to

Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) released additional findings from its 2025 drilling campaign at the Snip North Deposit within its fully owned Iskut project in a release on December 10. Each drill hole revealed extensive intervals of consistent gold and copper grades, reinforcing the presence of a substantial Porphyry Cu-Au (copper-gold) system, the company said.

Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB) released new assay results from its 2025 drill program at the Haldane Silver Property in the Keno Hill Silver District, Yukon, confirming a 50-meter strike extension of the Main Fault mineralized structure. The Main Fault has now been intersected across more than 100 meters of strike length and approximately

Sierra Madre Gold and Silver Ltd.’s (SM:TSX.V; SMDRF:OTCQX) earnings momentum continued through Q3/25, reported VSA Capital Analyst Oliver O’Donnell in a Nov. 17 research note. VSA raised its target price on the Canadian explorer-developer by 24% to reflect higher gold and silver prices. “Given increased grades, output and pricing, Q4/25 is expected to be stronger

<p>I&rsquo;ve pointed out that while silver traded at <a href="https://www.moneymetals.com/silver-price&quot; rel="noreferrer">monthly highs in recent days</a>, gold and miners had been trading at monthly lows. This dynamic confirms the thesis that silver is disconnecting from the rest of the precious metals sector.</p> <p>My other recent prediction is that the USD Index was about to break out.</p>

<p>Some laws were made to be broken!</p> <p>So, has silver cracked the fundamental relationship between price and demand?</p> <p>It appears that way, as silver demand is increasing even as the price skyrockets.&nbsp;</p> <p>In this episode of the Midweek Memo podcast, host Mike Maharrey explains this apparent break in fundamental laws of supply and demand and

Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQB; FSE: X7W) held a webinar on December 5 to provide a detailed update on its 2025 exploration activities and outline priorities for 2026 across its 702 square kilometer Dryden Gold Project in Ontario, Canada. company leadership, including CEO Trey Wasser and President Maura Kolb, reviewed technical advancements, drill highlights, and

Freeman Gold Corp. (FMAN:TSX; FMANF:OTCQB; 3WU:FSE) announced new assay results from three diamond drill holes completed during its 2025 core drilling program at the Lemhi Gold Project in Idaho. The results are part of the company’s ongoing effort to advance the project toward a Feasibility Study and update its Mineral Resource Estimate. As detailed in

NexGold Mining Corp. (NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE) is one of 12 companies on Red Cloud Securities’ 2026 Endangered Species List, priority takeover targets in the current equity market, the analysts wrote in a Dec. 2 thematic note. “In our opinion, NexGold’s two development assets offer a would-be acquirer the opportunity to create or enhance a growth

The cycle is up. Signals and set-ups: TLBBS – trend line break buy signal TLBSS – trend line break sell signal Investors: During a long-term buy signal, investors can accumulate positions by cost averaging at cycle bottoms, ideally when prices are at or near the daily 200-day exponential moving average (EMA). Traders:

Dolly Varden Silver Corp. (DV:TSX.V; DVS:NYSEA; DVQ:FSE) and Contango ORE Inc (CTGO:NYSEA) announced they have entered into an arrangement agreement to merge on an equal basis through a statutory plan of arrangement under the Business Corporations Act of British Columbia, the companies said in a release on December 8. The merger of Dolly Varden and Contango

Getchell Gold Corp. (GTCH:CSE; GGLDF:OTCQB) reported new drill results from its 100%-owned Fondaway Canyon gold project in Nevada, highlighting an extension of gold mineralization to the northwest and the discovery of a high-grade zone outside the current mineral resource pit shell. Drill hole FCG25-36, part of the company’s 2025 exploration program, intercepted 5.8 grams per

<p>Consumer borrowing remained tepid in October, possibly indicating that Americans are feeling increasing financial stress.</p> <p>The U.S. economy depends on consumers buying stuff. Persistent price inflation forced Americans to blow through their savings and then turn to credit cards to make ends meet. However, consumer borrowing has slowed significantly this year, indicating Americans may be

<p>The reasons for looking at palladium today are twofold.&nbsp;</p> <p>One is to point out that after a normal period of consolidation, it looks ready for another significant upleg.&nbsp;</p> <div x-data=" item_id: 274, view: null " x-html="view || 'Product-274'" x-init="view = await (await fetch('/shortcodes/product/single/274')).text()">!!–Product-274–!!</div> <p>The other is that the palladium charts provide further evidence that the

<p>Is silver a Giffen good?</p> <p>It appears to be behaving like one.</p> <p><a href="https://www.investopedia.com/terms/g/giffen-good.asp&quot; rel="noopener noreferrer" target="_blank">A Giffen good</a>, named after Scottish statistician and economist Sir Robert Giffen who developed the theory, is an &ldquo;inferior good&rdquo; <em><strong>whose demand rises as its price increases</strong></em> (holding income and other prices stable), defying the typical laws of supply

Regency Silver Corp.’s (RSMX:TSX.V; RSMXF:OTCQB) follow-up hole REG-25-25, drilled recently at its flagship, past-producing Dios Padre project in Sonora, Mexico, intersected 23.7 meters (23.7m) of sulphide-specularite-supported breccia about 35m updip and along strike to the southeast from a previously reported highlight hole, REG-23-21, a news release noted. 1“Dios Padre is a high-sulfidation/porphyry mineralized system which

Some of the greatest investment passes of the past century were made by individuals who thrived upon ignoring conventional wisdom and storming headlong into thoroughly contrarian trades, content to fly in the face of the current popular narrative. Not only were these trades 100% “contrarian,” but they also usually inhabited the vast majority of the portfolio,

Expectations for a rate cut at the next Federal Reserve meeting are now overwhelming, as high as 86%. Are they correct? And what are the implications for the markets? I think the odds are positive for a rate cut, though I would not put them as high as they currently are. (Odds have increased in

Dolly Varden Silver Corp. (DV:TSX.V; DVS:NYSEA; DVQ:FSE) and Contango ORE Inc (CTGO:NYSEA) announced on December 8 that they have entered into an arrangement agreement to merge as equals through a statutory plan of arrangement under the Business Corporations Act of British Columbia, per a news release on December 8. This merger provides investors with a unique

Pasofino Gold Ltd. (VEIN:TSX.V; EFRGF:OTCQB; N07:FSE) is one of 12 companies on Red Cloud Securities’ 2026 Endangered Species List, priority takeover targets in the current equity market, the analysts wrote in a Dec. 2 thematic note. “We believe once the updated feasibility study is published by mid-2026, the gold industry will take notice of the

<p>Gold has been making headlines for months now, but relatively few of the reports below those headlines have accurately explained what&rsquo;s been happening.</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>There was a notable exception published last week &mdash; a commentary that was remarkable for two reasons:</p>

<p>Silver prices are surging toward $60 an ounce. The white metal finally broke out to new all-time highs two months ago — at least without adjusting for inflation.</p> <p>The <a href="https://www.moneymetals.com/news/2024/03/25/what-is-the-gold-silver-ratio-why-should-we-pay-attention-to-it-003075&quot; rel="noreferrer">average gold:silver ratio</a> based on the following chart is 71:1, meaning it took 71 ounces of silver to buy one ounce of gold:</p> <p><img

<p>Gold ETFs globally reported net inflows of gold for the sixth straight month, driven by a strong surge in Asian investment.</p> <p>Globally, gold-backed funds reported a 38.5-tonne increase in gold holdings. The pace of metal inflows moderated from the torrid pace of the last two months but remained well above the 2024 monthly average. In

<p><span style="font-weight: 400;">This article is based on a recent episode of the Money Metals podcast featuring host Mike Maharrey interviewing </span><a href="https://share.google/sji7BEtFk2GSXQtAr&quot;><span style="font-weight: 400;">silver analyst and author Peter Krauth</span></a><span style="font-weight: 400;"> about the ongoing silver bull market and what might come next.</span></p> <p style="text-align: center;"><strong>(Interview Starts Around 7:58 Mark)&nbsp;</strong></p> <div class="vid aspect-w-16 aspect-h-9"><iframe src="https://www.youtube.com/embed/ptoCRQlNOdU?si=HKn4iV73g2KMwy9O&quot; title="YouTube

<p>In a world where premiums on physical silver swing wildly, where liquidity can evaporate overnight, and where trust in counterparties is increasingly fragile, one category of silver consistently stands out for value, recognizability, and real-world utility: U.S. <a href="https://www.moneymetals.com/buy/silver/junk-silver&quot; rel="noreferrer">90% &ldquo;junk&rdquo; silver,</a> properly called <em>Constitutional Silver</em>.</p> <div x-data=" item_id: 1394, view: null " x-html="view ||

<p>It appears the holiday shopping season is being sucked into <a href="https://www.moneymetals.com/news/2025/11/15/debt-black-hole-putting-increasing-stress-on-american-consumers-004483&quot;>the massive Debt Black Hole</a> floating through the global economy.</p> <p>Based on preliminary data, the Christmas shopping season is off to a good start. According to data parsed by Mastercard, approximately 87.3 million Americans shopped online, and 81.7 million visited physical stores.</p> <p>Black Friday

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

Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) announced plans to initiate additional metallurgical test work at its Majuba Hill copper-silver-gold project in Pershing County, Nevada. The company stated that the upcoming program will expand on historical studies and assess metal recovery methods across oxide, transition, and sulphide zones within the porphyry system. Nevada ranked second

Brazil is quietly resetting how gold is found, traced, and permitted in the Amazon. At the same time, gold itself is in a powerful long-term uptrend, and Brazil’s equity market looks like it is trying to break out of a deep, decade-long funk. Sitting right at the intersection of those trends is Canary Gold Corp.

Orestone Mining Corp. (ORS:TSX.V; 02R2:FSE) is entering a new phase of growth with a refreshed portfolio and a strategy built around two complementary gold assets: the newly acquired Francisca oxide gold system in Salta, Argentina, and the long-established Captain gold-copper porphyry project in British Columbia. Together, they give the company something rare in the junior

View Important Disclosures for this Article Close Important Disclosures: Liberty Gold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$5,000. Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. This article does

There are no tungsten mines currently producing in North America. Yet tungsten sits at the heart of modern defense systems, aviation, data centers, microchips, and nuclear energy. It is the hardest metal on the periodic table after diamond, and roughly 80–85% of global supply still comes from China, which has tightened export controls over the

Eloro Resources Ltd. (ELO:TSX; ELRRF:OTCQX; P2QM:FSE) is a Canadian exploration and development company focused on silver and tin in Bolivia’s prolific tin belt. With silver prices breaking into new all-time highs, the company’s flagship Iska Iska project is drawing renewed interest. It is one of the largest undeveloped silver-tin systems in South America, and drilling

Dolly Varden Silver Corp. (DV:TSX.V; DVS:NYSEA; DVQ:FSE) announced drilling results that extend the high-grade gold mineralized plunge within the Homestake Silver deposit, according to a December 4 release. Drill hole HR25-475 is a step-out 42 meters to the north and located on the upper boundary of the shallowly northward-plunging, high-grade trend, the company said. The

Dolly Varden Silver Corp. (DV:TSX.V; DVS:NYSEA; DVQ:FSE) has released drilling results that further extend the high-grade gold mineralized plunge within the Homestake Silver deposit, as stated in a December 4 announcement. Drill hole HR25-475, a 42-meter step-out to the north, is positioned on the upper boundary of the shallowly northward-plunging, high-grade trend, according to the

Torr Metals Inc. (TMET:TSX.V) announced the completion of demobilization and 2,733 meters of diamond drilling across eight drill holes at the Bertha Target, part of the company’s 332 km² Kolos Copper-Gold Project in south-central British Columbia, according to a release on December 4. The drilling successfully tested approximately 400 meters of strike length and nearly

Torr Metals Inc. (TMET:TSX.V) recently announced the successful completion of demobilization and 2,733 meters of diamond drilling over eight drill holes at the Bertha Target, a component of the company’s expansive 332 km² Kolos Copper-Gold Project located in south-central British Columbia. This update was shared in a release dated December 4. The drilling effectively explored

Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has announced new plans for metallurgical testing at its Majuba Hill copper-silver-gold project in Nevada. The upcoming work is designed to build on older studies and zero in on how well copper, silver, and gold can be recovered from different rock zones — specifically oxide, transition, and sulphide

I constantly advocate acquiring assets at bargain prices and selling them when they’re overvalued. Since 2015, silver has been the most undervalued relative to gold, platinum, and palladium. Therefore, if you anticipate a rise in gold prices, you ought to invest in silver. Occasionally, I revisit my previous articles. My most recent piece on Dolly