Gold Production – Gold production for the March quarter was 32,074 ounces.

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n the last 20 years at least, whenever the correlation between silver and the money supply turned negative, silver prices jumped up big-time. Between 2000 and 2003, the correlation was negative. In this period, the bull market in silver prices began. Silver prices went from around $5.00 to $50.00, an increase of 900%.

CHINA will launch a new contract today to set a “benchmark” price for gold bullion in the world’s biggest producer and consumer of gold, as part of efforts to increase its influence in pricing of the precious metal.

The yuan-denominated gold fix will be launched on the Shanghai Gold Exchange this morning, with the benchmark price at 257.97 yuan (US$39.83) per gram, said a statement released by the exchange yesterday.

Eighteen banks and bullion traders have been chosen as initial market makers for the fix, including 10 Chinese lenders, Standard Chartered Bank, Australia and New Zealand Banking Group and six domestic and international bullion traders including Switzerland-based MKS Gold Ltd, the exchange said.

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The gold price is however the antithesis of paper money. The last few years have seen gold reaching record levels measured in most emerging economies’ currencies, but languishing against the US dollar. However, growing economic uncertainty could well result in a strong rise on gold against all paper currencies – including the US dollar.

Global aggregate fund flows into the asset class came in at $7.9b over the course of the month, beating an inflow record set during the worst of the GFC during 2008.

According to Bloomberg, the white metal has risen an impressive 7.8 percent in the last five sessions, and on Tuesday reached $16.23 per ounce on the COMEX in New York — that’s the highest price for a most-active contract in over five months. Meanwhile, an ounce of gold was good for just 77.6271 ounces of silver on Tuesday, the least since February 9.
http://investingnews.com/daily/resource-investing/precious-metals-investing/silver-investing/how-high-can-silver-go-in-2016/

LATEST DRILL RESULTS FROM TEAL GOLD PROJECT DELIVER SPECTACULAR RESULTS
HIGHLIGHTS:

4m composite sampling from reverse circulation Resource definition drilling1 at the Teal gold project return highly encouraging results
Best preliminary downhole intercepts from within and below the Teal Stage 1 pit design include:
• 32m @ 24.05g/t Au from 32m (including 4m @ 194.78g/t Au from 44m) – TRC1608
• 36m @ 2.02g/t Au from 36m (including 24m @ 2.80g/t Au from 40m) – TRC1605
• 52m @ 2.36g/t Au from 64m (including 12m @ 4.26g/t Au from 64m) – TRC1609
• 4m @ 7.50g/t Au from 40m – TRC1603
• 24m @ 2.85g/t Au from 52m (including 4m @ 9.14g/t Au from 72m) – TRC1603

The wild side for IRC is their giant world-class vanadium resource….http://www.australian-shares.com/asx-top-12-by-vanadium-resource.html

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So far in 2016, the SGR has averaged 79.5. In other words, it takes 79.5 ounces of silver to equal the value of a single ounce of gold. Since gold is silver’s dominant driver, these metals’ prices have always been closely related. The SGR quantifies this critical relationship, and is actually an outstanding trading tool. It reveals when silver is undervalued or overvalued relative to gold, ideal times to buy low and sell high. Read article