In Case You Missed It – Week Ended April 23, 2016

In Case You Missed It – Week Ended April 23, 2016.

Stories from the week ended April 23, 2016.

The Lowest Cost. Period.

The big economic news of the week was the decline and fall and snap back in the price of oil and the surging silver price and smack down on April 21. Silver rose to $17.60 on Thursday and was beaten to $16.75 in about an hour. The price of silver ended the day over $17.00 an ounce and the week at $16.95, up $0.72 on the week.

Gold and silver

Gold closed last week at $1234.10 and closed this week at $1232.20
Silver closed last week at $16.23 and closed this week at $16.95

The gold and silver ratio ended the week at 72.7:1

gold silver ratio one month april 21 2016

A surge in the price of silver last week and a flat gold price, helped reduce the gold silver ratio from about 82:1 to about 72:1

Chart of the Week

dow jones vs gold april 22 2016

Gold soared from January to March, while the Down fell like a stone from January -February. The two have achieved parity in April

Here are the stories we wrote, followed or commented on.

April 17, 2016


Doha oil production freeze meeting fails as Saudi Arabia conditions Iranian participation

April 18, 2016


Crude oil plunges after Doha meeting

Iran Urges OPEC Members To Freeze Oil Production But Won’t Freeze Their Own



We provided an update to Indian Gold Imports

indian monthly gold imports july 2014 to January 2016

January 2016 Indian gold imports were strong, but February and March imports are reported to have been much lower.

Apple Recovers Ton Of Gold From Old Devices

Bulgarian Varna Gold site yields coins, mysteries -What caused this society to suddenly disappear?

China to launch gold benchmark

From the Pet Rock Corner: Trump and Cruz’s Call for Gold Standard Is Impractical and Dangerous


Apple recovers 3 tons of silver from Iphones

Canadian class action suit names Scotia Bank in $1 Billion Silver Manipulation Case

First Majestic announces 30% increase in silver production in the first quarter

U.S. Mint Sales Update

U.S. Mint reported selling 676,500 American Silver Eagles & 10,000 American Gold Eagles today.

MTD American Silver Eagles sold 2,834,000 American Gold Eagles Sold 58,000

YTD American Silver Eagles Sold 17,676,500/American Gold Eagles sold 243,500

Buy American Silver Eagle Coins

The U.S. Mint also reported selling 2,000 American Gold Buffalo coins.
MTD 14,000 sold YTD 74,000 sold

The U.S. mint also sold 48,000 Cumberland Gap National Historical Park America the Beautiful five ounce coins

Responding to threats that Saudi Arabia may sell hundreds of billions of dollars of U.S. Treasuries if Congress passes a 9/11 bill, White House Tells Saudi Arabia its not in their interest to de-stabilize the global economy

April 19, 2016



We provided an update to the record pace of American Eagle Sales at the U.S. Mint Through Mid-April

Silver Surges 4.5% today, hits 11-month high, now up more than gold in 2016

silver price April 19 2016

A screen shot from the live silver prices page on

U.S. News: Silver: Ready To Shine

CNBC : Behind the Silver Surge

Real Estate

Housing Starts Sink 8.8% in March


Gold coins found in Chinese “Marquis of Haihun” tomb


US Congress to Consider Impact of 9-11 Bill on Saudi/US Alliance

U.S. Mint Sales Update

U.S. Mint reported selling 78,500 American Silver Eagles & 5,000 American Gold Eagles today.

MTD American Silver Eagles sold 2,912,500 American Gold Eagles Sold 63,000

YTD American Silver Eagles Sold 17,775,000/American Gold Eagles sold 248,500

The U.S. mint also sold 5,000 Cumberland Gap National Historical Park America the Beautiful five ounce coins
YTD 53,000

April 20, 2016



We provided an update to rebounding Gold Sales at the U.S. Mint in Mid-April

Solid Gold Toilet to Be Installed in Guggenheim Bathroom

CNBC: Gold is about to break out

CNBC: Stay away from gold


Ron Paul Says Buy Silver

Silver ETFs outshining Gold


Saudi Arabia and Russia Threaten to Increase Production

Real Estate

Existing Home Sales Increase 5.1% in March

Harriet Tubman to replace Andrew Jackson on $20 bill instead of Alexander Hamilton on the $10 bill

April 21, 2016



Russia Adds 500,000 Ounces of Gold to Reserves in March– adding gold at a faster rate than China!

Russian Central bank gold reserves June 2015 - March 2016

Russia added 500,000 ounces of gold to its reserves in March 2016.

China looking for gold mine acquisitions

A fifth of the world’s gold is under London

Washington Post gold article Gold is not always golden

US Economic Data

Initial Claims 247K, Exp. 263K

Philly Fed -1.6, Exp. +8.9

Central Banks

ECB’s Draghi: We haven’t talked about helicopter money


Silver Drops $,70 on “profit taking”

CNBC takes a swipe at Silver: Here’s what’s behind silver’s sterling rally

U.S. Mint Sales Update

U.S. Mint reported selling 157,500 American Silver Eagles & 15,000 American Gold Eagles today.

MTD American Silver Eagles sold 3,070,000 American Gold Eagles Sold 78,000

YTD American Silver Eagles Sold 17,912,500/American Gold Eagles sold 263,500

The U.S. Mint also reported selling 1,000 American Gold Buffalo coins.
MTD 15,000 sold YTD 75,000 sold

The U.S. Mint also sold 11,000 Cumberland Gap National Historical Park America the Beautiful five ounce coins
YTD 64,000

April 22, 2016



On April 19, China launched a Yuan-based gold fix. We provided an overview in “China Launches Yuan Gold Fix

Gold Miners In Tremendous Rally – Many Burned Invesors Miss It

Indian Jewelers Open After Strike

Goldman Sachs Still Says to Short Gold

Central Banking
Bank of Japan looking into negative rates for loans

U.S. Economic Data

US MFG PMI 50.8, Exp. 52.0, Last 51.5, Lowest since September 2009

U.S. Mint Sales Update

The U.S. Mint reported selling 1,000 American Gold Buffalo coins.
MTD 16,000 sold YTD 76,000 sold
Golden Eagle Coins
JM Bullion
Money Metals Exchange

Buy American Gold Buffalo Coins

April 23, 2016



Gold and Silver Are Sunk!

JM Bullion

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