Apple’s holdings were about $20.1 short term U.S. Treasury Notes (2, 3, 5, 7, or ten year maturities) and $31.4 in long term U.S. Treasury Bonds (30 year maturity) with the remainder in Treasury bills.
The U.S. Mint sold 0 of the first America the Beautiful Coin of 2017 today – the Effigy Mounds National Monument coin. YTD Effigy Mounds ATB coins 35,000. The US Mint sold 0 Frederick Douglas National Historical Site ATB coins and 0 of the Ozark National Scenic Riverways.
Total YTD ATB coin sales 35,000 Effigy Mounds National Monument coins, 20,000 Frederick Douglas National Historical Site and 20,000 Ozark National Scenic Riverways ATB coins. Total 75,000
China imported around 330 tons of silver in June up 34% from last June.
China imported 1,984 tons of silver (63,787,082 ounces) in the first half of the year +37% more than the first half of last year and the highest silver imports in seven years.
India, in comparison (sneak peak) imported 2,638 tons of silver in the first half of 2017
or 84,813,670 million ounces
India and China have imported about 150 million ounces of silver in the first half of 2017.
At the current pace, they will import 300 of the approximately 850 million ounces of silver mined annually.
China itself mines about 100-110 million ounces of silver a year.
US Economic Data
MBA mortgage applications -2.8%, last +0.4%
Purchases -2.0%, -2.2% last
Refis -3.8%, +3.4% last
ADP 178K, Exp. 190K
FED’S MESTER: GDP SHOULD GROW SLIGHTLY ABOVE 2% OVER NEXT YEAR
Kazakhstan extended its buying run to 57 consecutive months
Turkey bought 21t during the quarter, bringing its gold reserves to 137.1t. Germany sold 3.8t from its gold reserves in Q2 as part of its ongoing coin-minting programme.
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