Bullion Blog

Key Investor Takeaways Power Metallic’s October 5, 2026, appointment of BBA as lead engineering consultant for the Nisk PEA positions the company for a first-half 2027 economic study based on the recent Lion resource. Eric Sprott’s robotics article underscores long-term demand growth for critical minerals in automation and physical AI, providing thematic context

Key Investor Takeaways CEO Gord Neal says he likes the early core from Smart Creek but is hoping for wider intercepts. No assays have been released. Domestic Metals is drilling at an angle through the area of the best hole drilled by Rio Tinto, which owns 40% of the joint venture. That hole

<p><span>Every month, the government releases a barrage of economic statistics. Employment, inflation, consumer spending, economic growth, and countless other measurements are presented as objective facts that policymakers, investors, and the public can use to understand the economy.</span></p> <p><span>But what happens when the methodology used to produce those numbers changes?</span></p> <p><span>In this episode of the </span><em><span>Midweek

<p>Despite <a href="https://www.moneymetals.com/news/2026/10/04/debasement-trade-supporting-gold-even-as-yields-spike-005265&quot;>tremendous price pressure on gold from rising yields</a>, more metal flowed into gold-backed ETFs last month, driving fund holdings to a new record.&nbsp;</p> <p>According to the latest data compiled by the World Gold Council, ETFs globally increased their gold holdings by 67.3 tonnes to a record 4,256 tonnes.</p> <p>ETF gold inflows totaled 211

<p>If you want to know why central banks are stacking gold, ask a central banker.</p> <p>Last month, <a href="https://www.moneymetals.com/news/2026/10/06/central-bank-summer-gold-spree-continued-in-august-005270&quot;>global gold reserves increased by another 39 tonnes</a>, as central banks continued a buying spree that began several years ago. Bundesbank President Joachim Nagel said the move makes sense given growing levels of government debt.</p> <p>On the

Krait Critical Minerals Corp. (KRIT: CSE; U0S:FSE) is a Canadian minerals explorer that is currently riding a wave of momentum. On October 4, 2026, the company closed its second private placement tranche, bringing aggregate proceeds to CA$1.51 million, while Krait has engaged Rangefront Mining Services for a proposed seven-day geological mapping, sampling, and exploration-targeting program

Key Investor Takeaways New assays from the 2026 surface program at Lucky Shot include 140.23 grams per tonne gold over 0.63 meters, and the company’s CEO says the results demonstrate continuity of the Coleman segment of the vein system. All intervals are downhole core lengths; true widths are not yet known. The

Prince Silver Corp. (PRNC:CSE; PRNCF: OTCQX; T130:FSE) reported on October 6, 2026, two of the widest silver-polymetallic intersections to date from its ongoing reverse circulation drill program at the Prince Silver Project in Nevada, with PRC-59 returning 47.24 m (meters) at 68.17 g/t Ag (silver), with 119.13 g/t AgEq (silver equivalent), and PRC-60 returning 36.58

<h1>The Fed Trap Is Tightening</h1> <h4><strong>Gold is getting hit as bond yields surge. But look at why yields are rising, and the message for gold becomes much more bullish.</strong></h4> <p>Gold is getting punched in the mouth again today.</p> <p>And if you&rsquo;ve been following this bull market for any length of time, you know that&rsquo;s not

<p>Previously unrevealed details about a rogue CIA officer&rsquo;s massive gold theft were revealed Tuesday&mdash;including that the former officer, David Rush, shared the identity of one of the agency&rsquo;s spies to a foreign government.</p> <p>The details about Rush&rsquo;s classified information leak were included in a <a href="https://storage.courtlistener.com/recap/gov.uscourts.vaed.607104/gov.uscourts.vaed.607104.41.0.pdf&quot; target="_blank" rel="noopener">plea document</a> filed Tuesday, the same day he

<p>The government spits out all kinds of economic data. Policymakers use it to make policy.</p> <p>But is it good data?</p> <p>Not so much.</p> <p>In this episode of the Midweek Memo podcast, Mike Maharrey explains how the government cooks the books using biased data, highlighting a recent revision to the Fed's "favorite" inflation measure.&nbsp;</p> <p>These formulas

Key Investor Takeaways High-grade gold drilling at the Southwest Deposit returned multiple notable intercepts at Galway Metals’ 100%-owned Clarence Stream Gold Project in New Brunswick, including mineralization outside the current resource wireframes. BL-332 intersected 2.8 g/t gold over 48.0 meters, including 16.7 g/t gold over 5.0 meters, plus a separate 3.9 g/t gold

GoldCoast Resource Corp. (GCR:CSE; GCRFF:OTCQB) is a Toronto-based explorer that commenced trading on the OTCQB Venture Market on September 29, 2026, just weeks after its CSE debut in August. The company holds a 10,000 km² reconnaissance license covering roughly 53% of Ghana’s offshore coastline, and is riding a wave of momentum. So far in 2026,

Key Investor Takeaways Liberty Gold has received the final US$2.6 million staged payment from the sale of its 72.1% interest in the TV Tower copper-gold project in Turkey, completing the US$8.5 million consideration. The sale brought in non-dilutive capital in three installments, starting with US$3.7 million when the transaction closed in October 2024.

Adamera Minerals Corp. (ADZ:TSX.V; DDNFF:OTCMKTS) is advancing a large-scale copper-gold porphyry target at its Max prospect on the South Hedley property in southern British Columbia, where recent induced polarization (IP) surveys have outlined a chargeability anomaly reaching three to four kilometers (km) in width and two to 2.5 km in length, with the eastern side

<p>The central bank gold spree continued unabated in August, with global gold reserves increasing by a net 39 tonnes.</p> <p>Year to date, central banks globally have reportedly added approximately 170 tonnes of gold.</p> <h2>The Gold Buyers</h2> <div x-data=" item_id: undefined, view: null " x-html="view || 'Product-Random-Hot'" x-init="view = await (await fetch('/shortcodes/product/random/hot?category=2')).text()">!!–Product-Random-Hot-2–!!</div> <p>The People&rsquo;s Bank of

<p>Ghana has developed a yuan-based system to pay for eligible Chinese imports using Ghanaian cedis, bypassing the U.S. dollar.</p> <p>Officials say Stanbic Bank Ghana is piloting a cedi-to-yuan payment system. Ghana Commercial Bank is reportedly developing a similar service.</p> <p>China&rsquo;s Cross-Border Interbank Payment System (CIPS) is processing the payments. <a href="https://africa.businessinsider.com/local/markets/africas-gold-powerhouse-bypasses-us-dollar-to-clear-trade-with-china-as-beijing/vnhhj5x&quot; target="_blank" rel="noopener">According to <em>Business

Key Investor Takeaways High-grade gold and copper sampling: Sankamap Metals Inc. reported Fauro surface sampling values of up to 116.0 g/t gold and 4.0% copper, while recent silt sampling returned up to 6.78 g/t gold from an area with no known historical sampling. 798 Fauro assay results pending: Sankamap has

When I first entertained the notion of applying my writing skills (or lack thereof) to the practice of educating the public about the capital markets, there were only two newsletters around which I wanted to model my business. The first was Bob Bishop’s Gold Mining Stock Report that handed subscribers every major discovery of the

Key Investor Takeaways Kinross drilling is underway at Jefferson Canyon: Kinross Gold U.S.A. commenced drilling on September 23, 2026, at West Point Gold’s Jefferson Canyon gold-silver project in Nevada, approximately 7 kilometers from Kinross’ Round Mountain operations. Historical drilling returned high-grade gold and silver: Jefferson Canyon has 145 historical drill holes, including 41.2

Key Investor Takeaways High gold prices and a weak yen are reviving exploration in Japan, which has one active gold mine and produced about 4 tonnes of gold in 2024, according to Nikkei Asia. Irving has projects on three of Japan’s main islands, each with a large partner: JX Advanced Metals at Omu

It has been a long and frankly much-needed correction in gold’s price vs. various stock markets. In this case, we use the broad S&P 500. This chart below of the GLD/SPY ratio shows the situation clearly as the ratio, once favoring gold to an overbought degree in Q1, 2026, has corrected nearly as far as

<p><em>Editor's note: Updated October 5, 2026, with the 2026 Stanley Cup and World Cup results, current metal prices, a full melt-value method, and corrections to several facts in the original version.</em></p> <div class="prose mt-6 max-w-none rounded border border-slate-200 bg-slate-50 p-8"><span class="rounded-full bg-slate-500 px-2.5 py-1 text-xs text-white uppercase">Quick Answer</span> <h2 class="mt-4 text-lg text-slate-700 uppercase">How much is

<p>Gold and silver are attempting a rebound this Monday after another bruising week.</p> <p>Gold finished last week down over 3%, while silver dropped roughly 6%. But this morning we've seen a 1-2% rebound.</p> <p>Those gains offer some relief, but both metals still have ground to recover before this bounce looks like a meaningful change in

<p>Silver&rsquo;s industrial demand has been the subject of headlines for years. Many believe silver is at a record in terms of its industrial demand. And yet, that raises the question. Silver hit an all-time high of about <a href="https://investingnews.com/daily/resource-investing/precious-metals-investing/silver-investing/what-was-the-highest-price-for-silver/&quot;>$121 an ounce</a> on January 29, 2026, and traded near $64 in late September. That is roughly

<p><em>Editor's note: Updated October 5, 2026, with the 2026 Stanley Cup and World Cup results, current metal prices, a full melt-value method, and corrections to several facts in the original version.</em></p> <div class="prose mt-6 max-w-none rounded border border-slate-200 bg-slate-50 p-8"><span class="rounded-full bg-slate-500 px-2.5 py-1 text-xs text-white uppercase">Quick Answer</span> <h2 class="mt-4 text-lg text-slate-700 uppercase">How much is

<p>Gold and silver are attempting a rebound this Monday after another bruising week.</p> <p>Gold finished last week down over 3%, while silver dropped roughly 6%. But this morning we've seen a 1-2% rebound.</p> <p>Those gains offer some relief, but both metals still have ground to recover before this bounce looks like a meaningful change in

<p>Silver&rsquo;s industrial demand has been the subject of headlines for years. Many believe silver is at a record in terms of its industrial demand. And yet, that raises the question. Silver hit an all-time high of about <a href="https://investingnews.com/daily/resource-investing/precious-metals-investing/silver-investing/what-was-the-highest-price-for-silver/&quot;>$121 an ounce</a> on January 29, 2026, and traded near $64 in late September. That is roughly

<p>Bond yields have risen to levels not seen since 2007. This has created significant headwinds for gold and silver; however, the metals have shown more resilience than one might expect in this environment.</p> <p>Higher interest rate environments have traditionally been bearish for gold and silver. Since they are non-yielding assets, owning metals when interest rates

<p>If your policy can&rsquo;t drive inflation down, just revise the methodology to make <em>it seem</em> lower.</p> <p>This seems to be the federal government&rsquo;s strategy.</p> <p>The Bureau of Economic Analysis (BEA) has revised the Federal Reserve&rsquo;s favorite inflation gauge to understate inflation just a little bit more.</p> <p>When measuring inflation, most economists and the financial media

<p>Bond yields have risen to levels not seen since 2007. This has created significant headwinds for gold and silver; however, the metals have shown more resilience than one might expect in this environment.</p> <p>Higher interest rate environments have traditionally been bearish for gold and silver. Since they are non-yielding assets, owning metals when interest rates

<p>If your policy can&rsquo;t drive inflation down, just revise the methodology to make <em>it seem</em> lower.</p> <p>This seems to be the federal government&rsquo;s strategy.</p> <p>The Bureau of Economic Analysis (BEA) has revised the Federal Reserve&rsquo;s favorite inflation gauge to understate inflation just a little bit more.</p> <p>When measuring inflation, most economists and the financial media

<p><span style="font-weight: 400;">In a new Money Metals podcast interview, analyst Mike Maharrey spoke with veteran technical analyst </span><a href="https://x.com/CliveMaund&quot; target="_blank" rel="noopener"><span style="font-weight: 400;">Clive Maund</span></a><span style="font-weight: 400;"> about the Treasury market, soaring government debt, gold, silver, oil, inflation, and the increasingly unstable global fiat monetary system.</span></p> <p><a href="https://www.youtube.com/@clive_maund&quot; target="_blank" rel="noopener"><span style="font-weight: 400;">Clive Maund</span></a><span style="font-weight: 400;"> has

<p><span style="font-weight: 400;">In a new Money Metals podcast interview, analyst Mike Maharrey spoke with veteran technical analyst </span><a href="https://x.com/CliveMaund&quot; target="_blank" rel="noopener"><span style="font-weight: 400;">Clive Maund</span></a><span style="font-weight: 400;"> about the Treasury market, soaring government debt, gold, silver, oil, inflation, and the increasingly unstable global fiat monetary system.</span></p> <p><a href="https://www.youtube.com/@clive_maund&quot; target="_blank" rel="noopener"><span style="font-weight: 400;">Clive Maund</span></a><span style="font-weight: 400;"> has

Kenorland Minerals Ltd. (KLD:TSX.V; KLDCF:OTCQX; 3WQ0:FSE) reported high-grade drill results from the Frotet project in Quebec, including several step-outs beyond the deposit’s maiden resource, according to a September 29 release. Kenorland holds a 4% net smelter return (NSR) royalty over the entire project. Sumitomo Metal Mining Canada Ltd., a private subsidiary of Sumitomo Metal Mining

Key Investor Takeaways Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) advanced construction at the Stibnite Gold Project, with work progressing on the Burntlog Route, permanent worker housing and powerline infrastructure. Stibnite Gold Project exploration drilling surpassed 10,000 meters, with drilling continuing at the Clark Tunnel Fault Zone, Fiddle, Scout and Hangar Flats targets into fall

Key Takeaways ICG Silver & Gold reported 24.3 m (meters) grading 10.14 g/t Au (gold) and 3.4 g/t Ag (silver) from its Battle Mountain target in Nevada. The interval included 4.6 m at 51.84 g/t Au and a higher-grade section of 1.5 m at 137.0 g/t Au.

<p>You can file this under the category of "things I never thought I'd need to write."</p> <p>Ladies and gentlemen, don&rsquo;t give gold to a stranger in a Walmart parking lot, even if they say, &ldquo;black bug!&rdquo;</p> <p>Yes, this happened.</p> <p>In real life.</p> <p>It started last April when a pop-up appeared on a 78-year-old woman&rsquo;s computer

<p>(Sacramento, California &ndash; October 2, 2026) &ndash; With Gov. Gavin Newsom&rsquo;s signature on AB 2633, California has excluded coin dealers from the provisions that regulate secondhand dealers, scoring a victory for dedicated precious metals dealers across the state.</p> <p>Current California law already excludes coins and commercial grade bullion from the legal definition of &ldquo;tangible personal

<p>Welcome to this week&rsquo;s Market Wrap Podcast, I&rsquo;m Mike Gleason.</p> <p>Coming up, we&rsquo;ll hear from Clive Maund, professional trader, resource sector chart analyst and contributor to <a href="https://www.moneymetals.com/news&quot;>MoneyMetals.com</a>. Clive shares what his highly studied analysis is showing for gold and silver in the days and months ahead, and tells us what price he said would

<p>Morgan silver dollars contain 90% silver, or 0.7734 troy ounces of pure silver. What was once worth only one dollar is now worth a little more than 77% of the current silver spot price. And that&rsquo;s just the floor value.</p> <p>The Morgan silver dollar&rsquo;s total value comes from three other variables: the date, the mint

<p>Last March, President Donald Trump sat in the Roosevelt Room admiring 10 Venezuelan gold bars. White House officials said they joked about keeping the gold as aides snapped photos. (They weren't exactly kidding, by the way.)</p> <p>Meanwhile, hundreds of millions of dollars in Venezuelan gold sits untouched in warehouses.</p> <p>As it turns out, getting the

Key Investor Takeaways Snow Lake’s reserve mine life now extends to 2043, adding two years to the previous plan and bringing the total mine life extension announced in 2026 to six years. Hudbay’s updated Snow Lake mine plan targets average annual gold production of 185,000 ounces from 2026 through 2030,

Key Investor Takeaways Magna Terra launched a 1,221 line-kilometer airborne geophysical survey at its Prospect Or’s Dream Project in northern New Brunswick, covering magnetic and electromagnetic data across the 18,798-hectare property. Prospect Or’s Dream hosts a 7.2-kilometer gold-bearing trend, where low-sulphidation epithermal gold-bearing quartz veins have been identified within rhyolite,

StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB) expects to close its acquisition of the Northumberland Gold Project in Nevada from subsidiaries of Newmont Corp. (NEM:NYSE; NEM:ASX) on or about October 6, leaving it with about CA$90 million in cash to advance the project, according to a September 29 release. The company also said its 10-for-1 share consolidation

Algo Grande Copper Corp. (ALGR:TSX.V) has secured five years of surface access at its 100%-owned Adelita project in Sonora, Mexico, according to a September 30 release. The company’s Mexican subsidiary, Exploraciones Margarita SA de CV, signed a temporary occupation agreement with Ejido Palos Chinos y su Anexo El Guamúchil in the municipality of Álamos. The

<p><span style="font-size: 1.125rem;">The Treasury market is in meltdown, and the sector propping it up could ultimately deepen the crisis.</span></p> <p>The 10-year Treasury yield surged to 5.33 percent overnight, the highest level since 2002. Gold Newsletter publisher Brien Lundin called it &ldquo;<a href="https://www.moneymetals.com/news/2026/09/28/the-bond-bloodbath-spreads-005245&quot;>a bond bloodbath</a>.&rdquo;</p> <p>The problem is nobody wants to hold U.S. Treasuries. Foreign investors

<p>Silver made headlines for its January 29, 2026 high of $121. This price was reported as a historic high, and it was &hellip; until you factor in inflation. Adjusted for inflation, the <em>real</em> historic high for silver was <strong>$212.91 per ounce in August 2026 dollars</strong>.</p> <p>That figure starts with the $49.45 <a href="https://www.lbma.org.uk/prices-and-data/lbma-silver-price&quot;>LBMA silver fix</a>

<p>The Hunt brothers&rsquo; silver buying spree became one of the most dramatic episodes in precious metals history. In the late 1970s, Texas oil heirs Nelson Bunker Hunt and William Herbert Hunt accumulated enormous positions in physical silver and futures, helping drive silver from under $10 an ounce to nearly $50 by January 1980.</p> <p>Then the

<p><span style="font-size: 1.125rem;">The Treasury market is in meltdown, and the sector propping it up could ultimately deepen the crisis.</span></p> <p>The 10-year Treasury yield surged to 5.33 percent overnight, the highest level since 2002. Gold Newsletter publisher Brien Lundin called it &ldquo;<a href="https://www.moneymetals.com/news/2026/09/28/the-bond-bloodbath-spreads-005245&quot;>a bond bloodbath</a>.&rdquo;</p> <p>The problem is nobody wants to hold U.S. Treasuries. Foreign investors