In Case You Missed It – Week Ended May 28, 2016

In Case You Missed It – Week Ended May 28, 2016. Stories from the week ended May 28, 2016. The big economic news of the week was the continued open mouth operations of the Fed calling for interest rate hikes in 2016, reaching its peak on Wednesday with Fed Chair Janet Yellen saying a rate Read More →

First Quarter 2016 Canadian Mint Gold Sales Surge 18.7%

Canadian Mint Gold Sales 2007-2016

The Royal Canadian Mint Sold 212,600 Ounces of Gold in the First Quarter of 2016. First quarter 2016 Canadian Mint gold sales rose 18.7% year over year in Q1 2016 from 179,100 ounces sold in the same quarter in 2015. First quarter 2016 gold sales put the Royal Canadian Mint on Track to sell One Read More →

First Quarter 2016 Royal Canadian Mint Silver Sales Set Record

royal canadian Mint silver sales 2004-2016

The Royal Canadian Mint Sells A Quarterly Record 10.6 Million Ounces of Silver in the First Quarter of 2016. Silver sales were up 19.3% year over year in Q1 2016 from 8.9 million ounces in the same quarter in 2015. First quarter 2016 silver sales higher than entire year mintages of 2004-2009. Canadian Mint more Read More →

If The Fed Has to, They Will Raise Interest Rates Again – Podcast

Fed interest rate policy circus daily coin you tube

April Fed Minutes Show Non Voting Members Believe A Rate Hike At June Meeting Might Be Appropriate Fed Officials Launch Two Week Media Blitz To Tell Markets that June is a “Live” Meeting Last week we repeated our view that the Fed will raise interest rates in order to protect the value of the dollar Read More →

In Case You Missed It – Week Ended May 21, 2016

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In Case You Missed It – Week Ended May 21, 2016. Stories from the week ended May 21, 2016. The big economic news of the week was the release of the Fed minutes from April that showed “members” thought that a rate hike might be appropriate at the next Fed meeting. Many Fed Presidents made Read More →

Where Does Silver Come From? – Podcast

silver coin production

The Top Three Silver Mining Countries Produce About Half of the World’s Silver The Top Twenty Silver Mining Companies Produce More than 50% of the World’s Silver Earlier this week Rory and I from the Daily Coin discussed the top silver mining countries in the world as well as the top silver mining companies and Read More →

The Central Bank of Russia Adds 500,000 Ounces of Gold To Reserves In April

Russian Central bank gold reserves June 2015-April 2016

Russian Gold Reserves April 2016 . The Central Bank of the Russian Federation added 500,000 ounces (15.55 tonnes) of gold to its reserves in April. Russia adding gold to reserves at a faster pace than China Russia now has 1,477 tonnes of gold in reserve; the sixth most of any nation. Russian Gold Reserves After Read More →

Why the Fed Raised Rates Last Year And Will Do So Again This Year

The Federal Reserve Bank formed in 1913 has debased the dollar nearly 99% since inception

The Fed raised rates in 2015 to protect the dollar and demand for Treasury Bonds. They will do it again in 2016. Fed credibility supports the dollar, lack of Fed credibility weakens it. The Fed and U.S. Treasury Bonds Protecting the dollar and demand for U.S. Treasury Bonds is more important than the Fed’s dual Read More →

Indian Gold Imports – February 2016

February 2016 Indian Gold Imports Slump to Lowest Level in Over a Year. Gold Imports Remain Under Pressure From a Nationwide Jeweler Strike, Increased Duties, Taxes and Government Intervention. Last year we released a survey of India and Gold that covered supply and demand in that country and India’s historical affinity for gold. Indians love Read More →

Silver Imports to India Fall in February

indian silver imports vs ases and global mining production

Imports of Silver to India Fall in February. Indian Jeweler Strike Curbs Demand. Indian Silver Import Update Last year we released a survey of India and Silver that covered supply and demand in that country. We noted that silver was India’s second metal to gold. Since we produced that report, Indian silver imports have surged. Read More →