Europe’s refusal to monetize the debt load of Spain and Greece is expected to force these nations to activate fiscal cuts, but more action may be needed. Adding to the flurry of financial central planning, the US has now moved their third Quantitative Easing time table forward by one month.

These actions on the part of Central Banks only delay the inevitable. The Fed could put Americans in a position of facing a veritable “ground zero” of monetary easing. The implications of ramping up currency printing are financial Armageddon. By keeping the specter of infinite Quantitative Easing on the table, the US may never close the door to debased GDP targeting.

The success of MCX has been shown by its domination of India’s silver and gold markets at shares of 98.5 and 97.1 percent, respectively. Its overall market share has risen to 86 percent in 2011/2012. MCX has become the largest global silver and gold trading exchange.

Unfortunately, the very market that spurred the success of MCX could create issues for the sky-rocketing exchange in the coming years. A surge in international open interest, hedging, excessive volatility and rapidly changing customs and taxation requirements could challenge the steady revenue and sustained volumes that MCX has, thus far enjoyed.

http://businesstoday.intoday.in/story/commodities-exchange-mcx-faces-challenges/1/186386.html

Although there were no serious injuries during the robbery, the stolen property is worth several million dollars at today’s precious metals prices. Police were on the scene as support was lent to employees involved in the incident. According to Robert Washer, CEO of the Canadian mining company, insurance claims have been filed in an attempt to recover the company’s losses. Dynasty’s production and liquidity could potentially be affected if the stolen bars are not recovered, or sufficient insurance compensation is not received in an appropriate time frame.

Dynasty Metals currently mines gold and silver at three different Ecuadorian projects. Security upgrades are being contemplated.

http://www.mining.com/dynasty-metals-minerals-robbed-at-gunpoint/

Long-term price trending and momentum in the short-term are defined by the Ichimoku chart, in order to identify price objectives. The chart is developed by using prices at the midpoint and close of each trading day. This data creates a “pattern of signals” to generate a plot. The resulting chart uses twenty-six days into the past and future markets, and generates an analysis with current data.

Gold bullion and, consequently, little brother silver bullion are currently attempting to break through their monthly support levels on the Ichimoku chart. The movement shown by this highly accurate method seems to bode well for a precious metals uptrend in the near future.

http://www.resourceinvestor.com/2012/07/24/bullions-long-term-support-from-ichimoku-technical?page=2

Many believe that China cannot develop without the help of Western civilization, but China is not the only nation to begin movement away from the dollar. Other Asian countries, as well as African and South American economies have also shown signs of jumping ship. Should the trend continue, the US could find it increasingly difficult to continue its deficit lifestyle.

As China discretely amasses precious metals, while prices are low, the US continues to tout the dollar’s rise in global currency markets.

http://www.silver-coin-investor.com/china-buy-precious-metals.html

Endeavor explained that more conservative parameters were used for estimating metals at its Bolanitos and Guanacevi mine reserves. The updated reserve estimate also climbed, since less ore at higher grades was realized at AuRico Gold, the Mexican subsidiary of Endeavor. Other reasons for the considerably greater reserve estimates were removal of an expired lease at the Las Torres mine and conversion of lower grade, open-pit resources at Delores-Capulin.

New reserve and resource computations raised Endeavor gold estimates a staggering 166%, a portion of which is located at El Cubo. The new reserve and resource statement was filed in mid-July, 2012.

Pakistan Mercantile Exchange Chief Business Officer, Mansoor Ali, says the smaller contracts allow more participants to enter the Pakistan precious metals market. The characteristic volatility of silver can be partially mitigated by inducement of novice investors to understand the silver market, before purchasing larger contracts. Small-time investors are expected to take the opportunity to expand their investment portfolios with the addition of the new silver futures product.

Trading has been active in the first days after introduction of the ten ounce contract.

http://www.bullionstreet.com/news/pakistan-silver-contracts-a-success-with-small-investors/2335

Liquid operating accounts assets at the brokerage are estimated at approximately $24 million. Customer account balances, although undisclosed, will not cover investor losses. Peregrine operated PFG Precious Metals Inc., which sold gold, platinum and silver coins to international investors. A privately owned New Zealand mint also created novelties to be sold by PFG.

Among assets seized in the FBI probe were a four-coin SpongeBob Squarepants set minted by NZ Mint of New Zealand. The coins were stored at the firm’s Cedar Falls, Iowa vault where they were found in a “distinctive treasure chest,” displaying the NZ Mint logo alongside that of PFG Best. The mint disclosed that they were paid in full by the purchaser.

http:www.bullionstreet.com/news/fbi-seizes-kiwi-spongebob-coins/2375

As the island nation considers its energy options, Japan has set a price for solar energy that is fully three-fold the cost of power produced by conventional methods. Estimates by Bloomberg indicate that the new tariff is capable of generating nearly ten billion dollars in solar investment. China ranks first, in global solar investment, with Germany in second place.

The effect the increased Japanese tariff will have on worldwide silver demand and consumption could be significant. As the use of silver in solar applications surges, greater industrial demand leaves silver valuations poised for rebound.

http://www.silverstrategies.com/story.aspx?local=0&id=34690

According to the Daily Telegraph, the ship sunk after being torpedoed by the Germans in February 1941. The government of the United Kingdom still owns the loot, which originally set to sea as a result of the War Risk Insurance Program. Research conducted by Odyssey Marine indicates that there was nearly five times the amount of silver aboard the vessel, as the amount currently recovered. Little tarnish was evident as the silver was dredged from the ocean floor, reminding weary, present day investors of the resilience of the precious metal.

Odyssey expects to recover an additional 600,000 ounces, approximately 160 kilometers from the hoard. Television documentaries are planned about the Odyssey’s treasure hunting voyages.

http://www.silverseek.com/commentary/38m-silver-hoard-removed-world-war-ii-shipwreck-coat-ireland