Bitcoin, Ethereum, Gold & Silver Prices All Rise.
More Comey, FBI, CIA, Trump & Russia Turmoil.
Fed to Reduce Balance sheet by not reinvesting.
Indian GST to impact gold and silver.
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Top stories:
The Russian interference in the US election investigation continues. Crypto currencies Bitcoin and Ethereum along with other alt coins skyrocket.
The Illusion of Collusion
Former CIA Director Brennan testified and said I don’t do evidence. During the week it was announce that the the Comey memos that documented former FBI director James Comey’s conservations with Donald Trump would not be released. IT was also reported by CNN that James Comey acted on Russian intelligence he knew to be fake.
Result. The plan to undermine the President as having been elected illegitimately is having a destabilizing impact. In addition, while weakening the President politically with the incessant Russian collusion narrative driven by a flood of leaks and innuendo coming from intelligence agencies, it is also weakening faith in the main stream media and government institutions, like the FBI and CIA.
Compare Nixon- when Nixon resigned, there was general consensus that the system worked and that Nixon had made mistakes and obstructed justice. In the current case it appears the the system doesn’t operated via a rule of law but rather by innuendo, leaks and “fake news”. Combine that with a President who is more than willing to fight his case in public on twitter, and you get a growing lack of confidence.
Crypto Currencies Soar, Plummet, Soar
Interest in bitcoin, ethereum and other alt coins is increasing driven by stunning gains in 2017.
Search interest in Bitcoin and Ethereum soared last week.
Search interest in HOW to buy bitcoin and ethereum also increased.
You can buy bitcoin and ethereum through Coinbase.
Click HERE to open a coin base account.*
Gold and silver.
Gold closed last week at $1255.60 an ounce and closed this week at $1266.40 + 0.83%
Silver closed last week at $16.83 an ounce and closed this week at $17.31 +1.7%
The gold and silver ratio ended the week at 73.18:1
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Tweets of the Week
https://twitter.com/Smaulgld/status/867006080462856193
Gold demand may not be swayed by GST.
Currently, there is a 10% import tax, an excise tax of 1% and VAT of 1-1.5%
Indian April Silver
Market Developments – Indian silver bullion imports jump to 600t – is this a sign of a resurgent market? pic.twitter.com/4rHTy9u6gP
— Metals Focus (@MetalsFocus) May 24, 2017
Fiat Carrency
https://twitter.com/Smaulgld/status/867190252934492160
Former CIA Director Brennan to Trey Gowdey:
“I don’t do evidence.”
https://twitter.com/Smaulgld/status/867331549292883969
Charts of the Week
Here are the stories we wrote, followed or commented on.
May 22, 2017
Gold
Single GST proposed across value chain of gold
Silver
China/Russia
China, Russia set up wide-body jet firm in new challenge to Boeing, Airbus
US Economic Data
Fed Chatter
Fed’s Brainard Says Not Seeing Much Progress on Core Inflation. USD neg.
May 23, 2017
From Smaulgld.com
From the Smaulgld Subscribers Sound Off Series
The Bandwagon Effect (COLLAPSE!) and the Alt-Financial Media – Karl
There are TWO Red Pills: Take Both – Marc Battaglia
Why the Chinese Yuan Won’t Be the World’s Reserve Currency
Gold
Indian scientists unveil home-grown gold standard
Oil
Russia beats Saudi as top China oil supplier for second month
US Economic Data
Richmond Fed 1, Exp. 15
New Home Sales tumble 11.4%,
Markit Mfg PMI 52.5, Exp. 53.0
Markit Services PMI 54.0, Exp. 53.1
U.S. Mint Sales Update
U.S. Mint reported selling 445,000 American Silver Eagles and 3,500 American Gold Eagles today.
MTD American Silver Eagles sold 2,005,000 & American Gold Eagles sold 9,000
YTD American Silver Eagles sold 10,797,500/American Gold Eagles sold 136,000
The U.S. Mint reported selling 500 American Gold Buffalo coins.
MTD 4,500 sold
YTD 63,500 sold
The U.S. Mint sold 2900 of the first America the Beautiful Coin of 2017 today – the Effigy Mounds National Monument coin. YTD Effigy Mounds ATB coins 21,200. The US Mint sold 0 Frederick Douglas National Historical Site ATB coins.
Total YTD ATB coin sales 24,100 Effigy Mounds National Monument coin and 20,000 Frederick Douglas National Historical Site ATB coins. Total 41,200
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May 24, 2017
From Smaulgld.com
From the Smaulgld Subscribers Sound Off Series
The Economy: Not Everything Presented is the Legitimate Truth – Kevin Hicks
US Economic Data
Existing Home Sales 5.57MM, Exp. 565MM
NAR: median existing-home price for all housing types in April was $244,800, up 6.0% Y/Y
Gold
Arizona ends taxation on purchase & exchange of gold and silver coins
Bitcoin
Fidelity Is Mining Bitcoin, CEO Abigail Johnson Admits
Moody’s downgrades China, warns of fading financial strength as debt mounts BUT CHINA HAS GOLD-DOLLAR COLLAPSE ETC
Fed Minutes
Fed forecasts rate hike ‘soon,’ details plan to trim balance sheet
Will allow maturing securities to “roll off” rather than sell existing securities. This plan would reduce the Fed’s $4.5 trillion balance sheet approximately $10 billion a month.
May 25, 2017
US Economic Data
U.S. April Advanced Goods Trade Deficit $67.6b; Est. $64.5b
Initial Claims 234K, Exp. 238K
April Wholesale inventories -0.3%, Exp. 0.2%, Last 0.1%
Gold
World Gold Council urges govt to reduce tax on gold under GST regime
30 Kg Gold Missing from IGI Customs Vault, CBI Arrests Senior Official
Platinum
Nanoalloys ten times as effective as pure platinum in fuel cells
Silver
Trump silver rounds from BGASC.com
U.S. Mint Sales Update
U.S. Mint reported selling 150,000 American Silver Eagles and 500 American Gold Eagles today.
MTD American Silver Eagles sold 2,155,000 & American Gold Eagles sold 9,500
YTD American Silver Eagles sold 10,947,500/American Gold Eagles sold 136,500
The U.S. Mint reported selling 0 American Gold Buffalo coins.
MTD 4,500 sold
YTD 63,500 sold
The U.S. Mint sold 2,000 of the first America the Beautiful Coin of 2017 today – the Effigy Mounds National Monument coin. YTD Effigy Mounds ATB coins 21,200. The US Mint sold 0 Frederick Douglas National Historical Site ATB coins.
Total YTD ATB coin sales 26,100 Effigy Mounds National Monument coin and 20,000 Frederick Douglas National Historical Site ATB coins. Total 43,200
May 26, 2017
From Smaulgld.com
From the Smaulgld Subscribers Sound Off Series
Silver Is A Throw Away Metal In Mexico – Fernando Ortega
Gold
India gold demand drops off as buyers await new tax regime
Silver
US Economic Data
Durable Goods -0.7%, Exp. -0.4%
Durable goods ex air 0.0%, Exp. 0.5%
Q1 GDP second reading 1.2%, Exp.0.9%
UMich 97.1, Exp. 97.5
Fed Chatter
Fed’s Brainard: global economy brighter, less risk to Fed outlook
Bullard: U.S. inflation path since 2012 is worrisome
Atlanta Fed Q2 GDP latest: 3.7% down from 4.1%
Williams the economy is running somewhat hot
U.S. Mint Sales Update
U.S. Mint reported selling 0 American Silver Eagles and 500 American Gold Eagles today.
MTD American Silver Eagles sold 1,560,000 & American Gold Eagles sold 6,000
YTD American Silver Eagles sold 10,352,500/American Gold Eagles sold 133,000
The U.S. Mint reported selling 500 American Gold Buffalo coins.
MTD 4,500 sold
YTD 63,500 sold
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 21,200. The US Mint sold 0 Frederick Douglas National Historical Site ATB coins.
Total YTD ATB coin sales 21,200 Effigy Mounds National Monument coin and 20,000 Frederick Douglas National Historical Site ATB coins. Total 41,200
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Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
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You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
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