Bullion Blog

<p>Happy Halloween and welcome to this week&rsquo;s Market Wrap Podcast, I&rsquo;m Mike Gleason.</p> <p>Coming up we&rsquo;ll hear from our good friend David Morgan of <i>The Morgan Report</i>. David discusses the recent market turmoil in gold and silver and tells us why he views the recent pullback as a healthy correction in a strong bull market, […]

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First, a quick note on gold. On the chart, it made an important reversal, a morning doji star pattern. That is one of the most reliable reversal patterns I know of. I will have more in tomorrow’s update, but see the chart here at Playstocks Chart of the Day. Love him or hate him, but

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Source: Bob Moriarty 10/30/2025 Bob Moriarty of 321Gold.com explains why he likes White Gold Corp. (WGO:TSX.V; WHGOF:OTCQX; 29W:FRA). I covered White Gold Corp. (WGO:TSX.V; WHGOF:OTCQX; 29W:FRA) nearly a year ago and surprisingly, the opening two paragraphs remain as relevant today as they were 51 weeks back, so I’ll maintain them almost unchanged while crafting fresh

Allied Critical Metals Inc. (ACM:CSE; ACMIF:OTCQB; 0VJ0:FSE) has received a formal Letter of Recognition from idD Portugal Defense designating its Borralha Tungsten Project as a strategic initiative of national importance. idD Portugal Defense is the Portuguese public entity responsible for overseeing the nation’s defense industry and its related supply chains. The endorsement confirms Borralha’s direct

Coppernico Metals Inc. (COPR:TSX; CPPMF:OTCQB; 9l3:FSE) has expanded its land position at the Sombrero Project in southern Peru by 2,400 hectares following the identification of a new target known as Rumi. The application, made through its subsidiary Sombrero Minerales SAC, was driven by geological and geochemical indicators suggesting the presence of a high-sulphidation epithermal or

<p><span style="font-weight: 400;">On a recent episode of Money Metals&rsquo; Midweek Memo podcast, host Mike Maharrey opens with a pointed analogy: calling a 3% CPI &ldquo;good&rdquo; because it beat a grim forecast is like celebrating &ldquo;no cancer&rdquo; while ignoring high cholesterol, hypertension, and pre-diabetes. The patient isn&rsquo;t healthy; the diagnosis is merely less dire. That&rsquo;s how

<p>Since today is Halloween, I have a spooky tale for you.</p> <p>People say you can hear a woman faintly screaming in the old Reed Gold Mine in Midland, N.C.</p> <p>Of course, there&rsquo;s a back story. And it's as creepy as you might imagine.</p> <h2>America's First Gold Rush</h2> <p>Did you know that the first documented gold

<p>Gold demand grew by 3 percent year-on-year in Q3, hitting 1,313 tonnes, the highest quarterly level in history.</p> <p>Third quarter demand was even more impressive in dollar terms, increasing by 44 percent to a record of $146 billion.</p> <p><img src="https://www.moneymetals.com/uploads/content/q3-gold-demand-2025-min.png&quot; width="800" height="398" alt="" style="display: block; margin-left: auto; margin-right: auto;" /></p> <p>Year-to-date, gold demand is up

<p>South Korea is considering jumping on the gold bandwagon and adding gold to its reserves.</p> <p>During a speech at an event hosted by the London Bullion Market Association and London Platinum and Palladium Market in Kyoto, Japan, Bank of Korea official Heung-Soon Jung said, &ldquo;<em>The Bank of Korea plans to consider additional gold purchases…</em>&rdquo;</p> <div

<p>The Powell put is on.</p> <p>The Federal Reserve chairman tried to sound like a hawk, but the central bank&rsquo;s actions were those of a dove.</p> <p>For the second straight meeting, the Fed cut the federal funds rate by a quarter percent on Wednesday. In an even more aggressive move toward monetary easing, the FOMC also

Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced it has received CA$4.4 million in recovered funds from the Canada Revenue Agency (CRA) following the Supreme Court of British Columbia (SCBC) overturning of CRA’s previous decision to deny BC Mineral Exploration Tax Credits for the years 2010 and 2011. Seabridge had already been reimbursed for trial costs and

Silver North Resources Ltd. (SNAG:TSX.V; TARSF: OTCQB) announced a silver discovery at the Betty target within its Veronica Property, part of the company’s GDR Project in Yukon Territory. The 2025 field program uncovered high-grade silver mineralization in both float and outcrop, including a float cobble sample returning 2,860 grams per tonne (g/t) silver. This marks

West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) has commenced a 5,000-meter diamond drill program at its 100%-owned Rowan Project in Ontario’s Red Lake Gold District. The initiative follows the company’s Preliminary Economic Assessment (PEA), published in July 2025, which outlined plans for an underground mine at Rowan with a projected average production of

Northern Shield Resources Inc. (NRN:TSX.V; NSHRF:OTC; N9SA:FSE) is a Canadian explorer that builds its own projects in the right rocks and lets the geology lead the work. The team is known for model-driven, grassroots exploration in under-explored belts across Canada. Its wholly owned subsidiary, Seabourne Resources Inc., focuses on epithermal gold and related systems in

Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) announced a US$255 million private placement agreement with Agnico Eagle Mines Limited and JPMorganChase to support the development of the Stibnite Gold Project in central Idaho. The investment includes US$180 million from Agnico Eagle and US$75 million from JPMorganChase, each receiving common shares and warrants to purchase additional equity at

<p>When is bad news good news?</p> <p>When it wasn't as bad as expected.&nbsp;</p> <p>That was the case when the September CPI data came out last week.</p> <p>It was pretty bad. But it wasn't as bad as they expected. So, the mainstream spun it as good.</p> <p>In this episode of the Midweek Memo podcast, host Mike

<p>For the past week or so, during the pullback in precious metals and miners following their powerful early-fall rally, I have been sharing various analyses&nbsp;to estimate when the pullback will be over and when precious metals and miners can resume their predominant path, which is a secular bull market that has at least another decade

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Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE) reported multiple high-grade gold assay results from its 2025 drill campaign at the Surebet Discovery, part of the 100%-owned Golddigger Property in British Columbia’s Golden Triangle. The release included new intersections from the Bonanza and Surebet Zones, reinforcing mineral continuity and the widespread presence of VG-NE across the 1.8 km²

Stillwater Critical Minerals Corp. (PGE:TSX.V; PGEZF:OTCQB; J0G:FSE) has engaged Mine Technical Services (MTS) to complete an updated mineral resource estimate (MRE) for the Stillwater West project in Montana. The updated MRE, expected in the first half of 2026, will incorporate 14 new drill holes totaling 5,781 meters from the 2023 and 2025 drill programs, as

View Important Disclosures for this Article Close Important Disclosures: Goliath Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. In addition, [COMPANY] has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between

Freeman Gold Corp. (FMAN:TSX; FMANF:OTCQB; 3WU:FSE) announced that it has completed its 2025 infill and exploration drill program at the Lemhi Gold Project in Idaho, as part of work supporting a feasibility study scheduled for release in the first quarter of 2026. In parallel, the company confirmed its participation in the upcoming Idaho Mining Conference,

<p>Today's&nbsp;<a href="https://www.bloomberg.com/news/articles/2025-10-28/bank-of-korea-may-buy-gold-in-medium-term-after-long-hiatus&quot; target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://www.bloomberg.com/news/articles/2025-10-28/bank-of-korea-may-buy-gold-in-medium-term-after-long-hiatus&amp;amp;source=gmail&amp;ust=1761764888022000&amp;usg=AOvVaw3XHY3bpDhjjcwMkWU9SxCd" rel="noopener noreferrer">Bloomberg News story</a>&nbsp;about the South Korean central bank's consideration of adding to its gold reserves missed a major irony.</p> <p>The report quoted the director of the Reserve Investment Division at the bank's Reserve Management Group, Heung-Soon Jung.&nbsp;</p> <div x-data=" item_id: 2071, view: null " x-html="view || 'Product-2071'" x-init="view = await

<p>Last week's tops in precious metals, specifically gold, but to a lesser extent silver, have spurred online and televised debates about bubbles and overvaluation, and manias.</p> <p>With animal spirits bubbling unrestrained in today&rsquo;s day and age, we focus on basing our opinions in statistical analysis &ndash; numbers don&rsquo;t lie, the commentator can twist the numbers

<p>The Federal Reserve kicked off its October meeting today (Tuesday, Oct. 28). The central bank is expected to cut interest rates another quarter percent and could announce a timetable to <a href="https://www.moneymetals.com/news/2025/10/16/fed-chair-powell-balance-sheet-reduction-may-end-soon-004414&quot;>end balance sheet reduction</a>.</p> <p>But why?</p> <p>A lot of the people clamoring for looser monetary policy claim the economy is booming. That isn&rsquo;t generally

<p>Gold has been pounded lower over the last two weeks and is now struggling to hold the $4,000 level.</p> <p>Are the bulls dead?</p> <p>It&rsquo;s important to keep the selloff in perspective. As I put it in my podcast last week, &ldquo;<a href="https://www.moneymetals.com/news/2025/10/23/keep-your-eye-on-the-ball-metals-liquidity-fed-pivot-004431&quot;>keep your eye on the ball</a>.&rdquo;</p> <p>Corrections are healthy and normal in a bull

By the end of this week, I will have counted (and read) over 200 emails lecturing me on why my call last Tuesday on gold and silver was so drastically off base and how I am going to lead my subscribers into “certain ruin,” along with a jeopardized career destined to be dashed on the jagged

Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) announced the commencement of early works construction at its Stibnite Gold Project in Idaho. The move followed confirmation from the U.S. Forest Service (USFS) that the conditions outlined in the 2025 Record of Decision (ROD) had been met, including the company’s US$139 million construction phase financial assurance posting. This approval

American Tungsten Corp. (TUNG:CSE; TUNGF:OTCQB; RK9:FSE) announced it has completed rehabilitation of the D level adit at its flagship IMA Mine in Idaho and has initiated underground development in preparation for an upcoming diamond drilling campaign. The underground work supports a 5,000-foot drilling program set to commence in mid-November. According to the company, approximately 1,000

Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) has initiated a US$3.5 million exploration program at the East District of its Guitarra silver-gold project in Estado de Mexico. This district, part of the historically significant Temascaltepec mining area, marks a renewed focus on underexplored territory following the successful restart of operations at the Guitarra and

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Lake Victoria Gold Ltd. (LVG:TSX; LVGLF:OTCQB; E1K:FSE) announced an update on the Q2 2025 exploration activities conducted on the licenses sold to Bulyanhulu Gold Mine Ltd. in a release on October 24. Bulyanhulu acquired six licenses from LVG under an Asset Purchase Agreement in 2022. It is owned by Twiga Minerals Corp., a joint venture

Fortuna Mining Corp. (FSM:NYSE; FVI:TSX; FVI:BVL; F4S:FSE) published a preliminary economic assessment (PEA) on its planned next mine, the Diamba Sud project in Senegal, that shows a payback of capital in less than one year. Using a gold price of $2,750, the IRR is 72% and the payback of 0.8 years, with a low capex

<p>Even with gold scaling record highs, Indian demand was robust in September as the festival season kicked off.</p> <p>India ranks as the world's second-largest gold market behind <a href="https://www.moneymetals.com/news/2025/10/20/chinese-gold-demand-rebounded-in-september-004425&quot; rel="noreferrer">China</a>.&nbsp;</p> <p>Gold has hit record highs 48 times this year in dollar terms. The yellow metal was up by 11.6 percent in September and added another

<p>The Bureau of Labor Statistics finally managed to get the September CPI data together. The mainstream broadly characterized it as a good report.</p> <p>It wasn&rsquo;t.</p> <p>But it was better than forecast, and in our world of politicized government data, that was good enough. As CNBC put it, the better-than-expected report &ldquo;<em>keeps the door wide open

<p><span style="font-weight: 400;">On a recent episode of the Money Metals podcast, Money Metals&rsquo; Mike Maharrey interviews Axel Merk, president and CIO of Merk Investments. They cover the metals selloff, the recent silver squeeze, thin market liquidity, stress in private credit, and why the U.S. Dollar Index can mislead investors.</span></p> <p><span style="font-weight: 400;">Merk&rsquo;s refrain is simple:

How best to sum up a very wild week for gold, silver, and the miners? Well, perhaps the wisest move is not to sum it up at all! The bottom line: contrary opinion investing isn’t just about placing trades. It’s also about dialing down the excitement and analysis when the crowd is dialing it up,

This short article is an update to an article on McEwen Mining Inc. (MUX:TSX; MUX:NYSE) that I wrote in early July 2025, which can be found here. I wrote it when it looked like the company had turned the corner both fundamentally and technically and was beginning to fire on all cylinders. This was especially refreshing after

Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCMKTS) announced results in a release on October 22 from a recently completed diamond drill hole at the Pau de Merena (PDM), situated 2.5 kilometers northwest of the Central gold deposit within Brazil’s Cuiú Cuiú district. Diamond drill hole DDH346 intersected 23.3 meters at 4.7 grams per tonne gold (g/t Au)

Allied Critical Metals Inc. (ACM:CSE; ACMIF:OTCQB; 0VJ0:FSE) announced the closing of an upsized non-brokered private placement for gross proceeds of US$16.25 million. The offering consisted of 27,083,266 common shares at US$0.60 per share. The proceeds are intended to support ongoing exploration and development activities at the company’s 100%-owned Borralha and Vila Verde tungsten projects in

Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQB; FSE: X7W) announced the completion of its 2025 exploration campaign, which included 15,000 meters of drilling across its flagship Gold Rock Camp and regional target areas in northwestern Ontario. The company confirmed that assay results for 19 drill holes remain pending, with results to be released from both the Gold

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Sun Summit Minerals Corp. (SMN:TSX.V; SMREF:OTCQB) announced that it has completed its 2025 exploration program at the Theory Project, located in the Toodoggone Mining District of north-central British Columbia. The Theory Project, covering 9,676 hectares, is under option from Eagle Plains Resources and lies adjacent to Thesis Gold’s Ranch Project and 10 kilometers northwest of

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<p>Despite their well-earned reputations as stable assets and safe havens, gold and silver have become highly volatile in recent weeks, with sharp moves in both directions.&nbsp;</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=all')).text()">!!–Product-Random-Featured-All–!!</div> <p>This marks a significant change in behavior and has sparked widespread discussion&nbsp;across the financial

<p>You might imagine that a museum would be a pretty safe place to keep stuff like gold, silver, and jewels.</p> <p>Not in France.</p> <p>Just hours after the theft of French crown jewels from the Louvre, workers discovered that a different band of thieves had made off with 2,000 gold and silver coins from another museum.</p>