In Case You Missed It – Week Ended April 30, 2016

In Case You Missed It – Week Ended April 30, 2016.

Stories from the week ended April 30, 2016.

The Lowest Cost. Period.

The big economic news of the week: Gold and silver hit 15 month highs.

Gold and silver

Gold closed last week at $1232.20 and closed this week at $1292.50
Silver closed last week at $16.95 and closed this week at $17.82

The gold and silver ratio ended the week at 72:1.

gold silver ratio one year april-april 2016

Silver and gold are rising but silver is rising faster leading to a reversal in the gold silver ratio in April.

Chart of the Week

silver Eagle premiums april 29 2016

As the price of silver rises, premiums on American Silver Eagles have been dropping. Click to see why.

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

April 25, 2016


Gold Asteroid Mining


CNBC: Why gold may head to $1400 an ounce

Hong Kong To Build World’s largest Gold Vault


British Pound Rises on Increased Probability of “Stay” Vote


Turning Lead into Silver


Switzerland Joins AIIB

U.S. Mint Sales Update

U.S. Mint reported selling 801,000 American Silver Eagles & 8,000 American Gold Eagles today.

MTD American Silver Eagles sold 3,871,000 American Gold Eagles Sold 86,000

YTD American Silver Eagles Sold 18,713,500/American Gold Eagles sold 271,500

The U.S. Mint reported selling 4,000 American Gold Buffalo coins.
MTD 19,000 sold YTD 79,000 sold

The U.S. Mint reported no Cumberland Gap National Historical Park America the Beautiful five ounce coins sales today
MTD 7,000
YTD 64,000
Total ATB coins sold YTD 169,000

April 26, 2016



We covered the release of the 2016 Mercury Dime Centennial Gold Coin from the U.S. Mint

The 2016 Mercury Dime Centennial 24k gold coin is a replica of the silver Mercury Dimes that were minted for general circulation from 1916-1945.

mercury dimes

Mercury Dimes like these once jangled in the pockets of everyday Americans.

Buy 90 Percent Junk Silver US Coins


CPM Group – Silver production increased in 2015, set to fall in 2016

What silver’s popularity over gold means


Chinese Gold Imports Up 49% in March

Russia’s VTB aims to supply up to 100 T gold to China per year

HSBC- Gold Could Explode If Britain Votes Out or Europe

Venezuela sends more gold to Switzerland

Deutsche Bank says $20 silver possible

U.S. Economic Data

Durable Goods + 0.8% in March/ -3.1% in February

Non defense durable goods 0.00% vs downward revised -2.7% in February

Consumer Confidence 94.2, Exp. 95.8, Last , Last 96.1

Markit PMI Services 52.1, Exp. 52.0, Last 51.3

Real Estate Case-Shiller 20-City Home Prices +5.38% Y/Y; Est. 5.50%

U.S. Mint Sales Update

U.S. Mint reported selling 176,000 American Silver Eagles & 2,000 American Gold Eagles today.

MTD American Silver Eagles sold 4,047,000 American Gold Eagles Sold 88,000

YTD American Silver Eagles Sold 18,889,500/American Gold Eagles sold 273,500

Buy American Silver Eagle Coins

April 27, 2016


Smaulgld spoke to the Daily Coin on a wide range of silver and gold topics.

You can listen here:

The charts that go with the podcast can be accessed here.


Saxo Bank recommends gold in a negative interest rate environmnent

Gold Trades Higher as Indian Jewelers call off Strike


BOFA/Merrill Lynch Raises 2016 Silver Price Target to $16.47 (lower than toady’s $17.22 per ounce price)

Federal Reserve

Fed Rate hike decision Fed “sees gradual rate hike appropriate” but doesn’t raise rates

Fed Waits For Economy To Give iT Green Light To Raise Rates

Fed Statement

Fed’s “hawkishness” believed only for a few minutes Dollar Rally Short Lived Post-Fed Meeting


Why platinum is overtaking gold this year


Oil Price hits 2016 high

Real Estate

Pending home sales hit ten month high

U.S. Mint Sales Update

U.S. Mint reported selling 25,000 American Silver Eagles & 5,500 American Gold Eagles today.

MTD American Silver Eagles sold 4,072,000 American Gold Eagles Sold 93,500

YTD American Silver Eagles Sold 18,914,500/American Gold Eagles sold 279,000

The U.S. Mint reported selling 500 American Gold Buffalo coins.
MTD 19,500 sold YTD 79,500 sold

Buy American Gold Eagle Coins


Venezuela doesnt have enough money to print its money

April 28, 2016

US Dollar

The dollar continued its descent after the Bank of Japan announced no expansion of their current stimulus plan

Dollar Nurses Losses


Gold rose on weak US GDP and Bank of Japan inaction

NASA’s New Gold Covered Telescope Reflects Infra-Red light

FT Takes Note of Golds’ Stellar Run

Reuter’s Poll – Gold’s Three Year Rout is Over

Hunting for gold in Egypt’s Deserts

Chinese Monk to live on as Gold Covered Mummy

Gold nano particles may aid in detecting kidney disease

67 Tons of gold in dentistry

Socialism and Prepping

Venezuela’s economic collapse has left many without food, water and vital services. Prepping can help people get through a breakdown in supply chains. Breakdowns don’t just happen in socialist countries and can be brought on by political unrest, extreme weather, technological/mechanical failures or other factors. The Daily Coin spoke with Daisy Luther to discuss real life examples and solutions of how to prepare for anticipated disruptions. Click here to learn more.

Central Banks

Bank of Japan decides against more stimulus

British Pound

Out vote now leads UK Brexit poll-0 Obama fails to sway Britons

U.S. Economic Data

ROBUST! SOLID! STRENGTHENING!- US Economy Grew .05% in first quarter Reuters writes: “The economy was also blindsided by cheap oil” Blindsided? That the price of oil was cheap was well known. What will the excuse be for poor growth in the second quarter? “The economy was blindsided by expensive oil”?

April 29, 2016


From the Daily Coin: Silver Moves Towards a Breakout

Fed Chatter

Fed’s Kapan in favor of gradual rate hikes

Oh, and if there is a BREXIT -that is a factor against raising interest rates


Gold rallies on weaker dollar, safe-haven demand

FT: Gold Finds a home under London Street


Bloomberg Notes Silver is “rocketing”

Silver Enters Bull Market


“Leave” vote increases in poll after Obama urges “Stay” vote.

US Economic Data

Personal Income 0.4%, Exp. 0.3%
Personal Spending: 0.1%, Exp. 0.2%

Personal consumption expenditures (PCE) +0.1 % in March +0.2% in February.
Core PCE +1.6 percent prior 12 months through March

ISM Milwaukee 51.05, Last 57.7

Chicago PMI 50.4, Exp. 52.6

Consumer Sentiment Falls To Seven Month Low


Oil has biggest gain in seven years despite glut and no production freeze agreement

Brent Crude Set for Biggest Monthly Gain in Seven Years

NY Fed

GDP growth prospects remain moderate for 2016:Q2, standing at 0.8%.

April 30, 2016



American Gold Buffalo Coin Sales Spike In April

American Gold Buffalo coins sold 2006-2016 w image

Sales of American Gold Buffalo coins are on pace to sell about 225,000 in 2016.

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