Fears of a banking crisis and U.S. dollar collapse have sent the gold demand soaring, leaving dealers and exchange officials struggling to catch up.

With loose monetary policies set to continue for the foreseeable future, the Federal Reserve and central banks around the world have been slowly losing credibility. The situation has sparked a rush for physical gold and silver, leading to shortages and long delays for delivery.

The situation has sparked a “bank run” of sorts at the Chicago Mercantile Exchange (COMEX), the American center for commodity trading. Most of the gold investors’ ownership isn’t actually physical metal at all. Instead, most of the world’s gold supplies are “paper,” representing a promise to deliver actual gold at a specified time and place at some point in the future… Read Full Article

Gold’s woes continued Friday when its price slump hit a five-and-a-half year with analysts warning that the precious metal could plunge far faster than recently forecast and hit the $1,000 mark in just a few weeks… Read Full Article

Source CNBC.com

It is probably not news to most investors that the global mining industry is in trouble at this point. The Chinese, long one of the biggest buyers of mined commodities, are awash in steel, local debt, and ghost cities. With neither India nor Brazil ready yet to assume the mantle of emerging market growth engine, this leaves the mining industry up the proverbial creek without a paddle.

Adding to this dilemma, there is considerable and increasing pressure on the coal industry due to both decline in oil prices and concerns over the environment. Put these two trends together, and its little wonder that mining companies have been some of the worst performing stocks of late.

Unfortunately the outlook does not appear poised to improve anytime soon…
Read Full Article

VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 21, 2015) –

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Marlin Gold Mining Ltd. (TSX VENTURE:MLN) (“Marlin” or the “Company”) is pleased to announce that it has completed the acquisition of Commonwealth Silver and Gold Mining Inc. (“Commonwealth”). The acquisition of Commonwealth provides Marlin a path towards internally financed production growth. With the operating La Trinidad mine approaching its highest grade and most profitable ounces prior to the construction of the Commonwealth Project in Cochise County, Arizona (the “Project”), Marlin expects to have the ability to internally fund the Project through operating cash flow and through a potential Sailfish Royalty financing once a construction decision is made… Read Full Press Release

See what a cyanide gold mining operation really looks like for yourself in the video below. Now, let’s add children, seniors, agriculture, cattle, monsoons, flooding, washes and earth fissures into the equation.

VANCOUVER, April 17, 2015 /CNW/ – Marlin Gold Mining Ltd. (TSX-V: MLN) (“Marlin” or the “Company”) is pleased to provide an update in relation to its previously announced non-brokered private placement of common shares (the “Equity Offering”). Pursuant to the Equity Offering, Marlin expects to issue up to 16,250,000 common shares (“Common Shares”) at a price of $0.56 per Common Share for aggregate gross proceeds of up to approximately $9,100,000.

As disclosed in Marlin’s news release dated March 30, 2015, up to $8.75 million of the Equity Offering will be subscribed for by Wexford Spectrum Trading Limited and Wexford Catalyst Trading Limited (collectively, the “Wexford Funds”), private investment funds managed by Wexford Capital LP (“Wexford”), which will subscribe for 85% and 15% of the Common Shares, respectively… Read Full Press Release

Click Here to Sign the No Dirty Gold Pledge