In Case You Missed It – Week Ended April 9, 2016

In Case You Missed It – Week Ended April 9, 2016.

Stories from the week ended April 9, 2016.

The Lowest Cost. Period.

The big economic news was the continued decline of the dollar, with the dollar index falling under 95. Seems that no amount of Fed President backpeddling over the number of rate hikes or statements insisting that a rate hike is possible in April can undo Yellen’s “dovish” March speech and years of bluffing about removing accommodation.

China reported its lowest addition to gold reserves since it started monthly reporting of reserves in June 2015. The Austrian Mint reported record gold sales and a 57% increase in silver sales in 2015.

Gold and silver

Gold closed last week at $1221.90 and closed this week at $1238.40
Silver closed last week at $15.05 and closed this week at $15.36

The gold and silver ratio ended the week at 80:1

gold silver ratio april 7 one year

The Gold Silver Ratio rose steadily from April 2015 to April 2016.

Buy Silver Bullion Rounds

Chart of the Week

American Silver Eagle Premiums

silver eagle premiums april 7 2016

Despite booming demand American Silver Eagle premiums have remained steady in 2016.

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

April 3, 2016

War on Cash

JPMorgan Limits cash withdrawals to $1,000


Russia’s Gold helps it erase its currency loss

April 4, 2016

U.S. Economic Data

Factory Orders Fall 1.7% in February


Anti-gold Propanda From the Wall Street Journal

Wall Street Journal – A warning for gold bugs: This rally won’t last

Gold settles lower as investors focus on “upbeat ” data via @WSJ Propaganda

Prospecting for gold: Gold doesn’t sparkle, it shines

Reuters: Gold falls after robust U.S. data boosts risk sentiment “ROBUST”

Barrons- WSJ vs. Bloomberg on the direction of gold


Bloomberg: Silver captures hearts of investors

U.S. Mint Sales Update

U.S. Mint sold 651,000 American Silver Eagles & 7,000 American Gold Eagles today.

MTD American Silver Eagles sold 766,000 American Gold Eagles Sold 8,000

YTD American Silver Eagles Sold 15,608,500/American Gold Eagles sold 193,500.

The U.S. Mint also sold 500 American Gold Buffalo coins.
MTD 500 sold YTD 60,500

Buy 2016 American Silver Eagle Coins


Oil prices fall as production freeze doubts remain

April 5, 2016


Gold Prices in World Currencies in the First Quarter of 2016

gold vs British pound Q 1 2016

Fears of a “yes” vote in June to Britain leaving the European Union weakened the British Pound vs. Gold.

US Econommic Data


Markit Service PMI 51.3, Exp. 51.2

US Trade Deficit rises to highest level in six months

Fed Chatter

“Dovish” Boston Fed President Eric Rosengren, sees more rate hikes in 2016 than market is anticipating

Euro and Yen rise despite negative interest rates


HP to release two luxury gold plated lap tops

Indian Jeweler Strike Cripples March Gold Imports

NY Times Bin Laden was a gold bug

Record amounts of gold seized at Greek/Turkish border

New Indian Gold Coins Debut

April 6, 2016


To those who say…

U.S. Economic Data

MBA Mortgage Applications +2.7%
– Purchases down 2.4% (+2.1% last)
– Refis up 6.8% (-3.3% last)

War on Cash

UK Banks to close 400 branches

Buy American Silver Eagle Coins

Fed Minutes Released

Fed uncertain of when it might raise rates

Fed Chatter

As the second quarter outlook crumbles St. Louis Fed President says poor first quarter doesn’t change Fed outlook

U.S. Mint Sales Update

U.S. Mint sold 355,500American Silver Eagles & 3,000 American Gold Eagles today.

MTD American Silver Eagles sold 1,121,500 American Gold Eagles Sold 11,000

YTD American Silver Eagles Sold 15,964,000/American Gold Eagles sold 196,500.

The U.S. Mint also sold 1500 American Gold Buffalo coins.
MTD 2000 sold YTD 62,000

Buy 2016 American Silver Eagle Coins

April 7, 2016


Chinese Gold Reserves Grow 9 tons in March- smallest increase since June 2015

chinese gold reserves from 2009 -2016

Chinese gold reserves grew by 9 tons in March 2015..

War on Cash

Japan to print more higher denominated Yen bills as Japanese stash cash at home

US Economic Data

U.S. jobless claims 267,000 for week ended April 2, claims below 300,000 for the longest stretch since 1973


India’s Gold Mining Industry- Lots of Red Tape Little Gold

Central Banks


What the BOJ may do next

Fed Chatter

S.F. President John Williams says global risks are pretty well balanced

sees two rate hikes at least in 2016 as “economy continues to grow, businesses add jobs

Yellen Yacks

Yellen participated in a panel with former Fed Chairmen Bernanke, Volker and Greenspan

Buy 2016 American Silver Eagle Coins

Buy 90 Percent Junk Silver US Coins

April 8, 2016


Austrian Mint Smashes Annual Gold Sales Record in 2015

austrian mint gold sales 2008-2015

Austrian Mint gold sales were up 215% in 2015 vs 2014.

Fed Chatter

NY Fed President urges caution on rate hikes, says external risks linger


Gold Mining Stocks up after some lean years

CNBC Warning: CNBC In times of fear, buy gold? Not so fast

Significant Gold Find in Ireland

Gold and Silver

Mexican Government says gold and silver production to fall in 2016

U.S. Mint Sales Update

U.S. Mint sold no American Silver Eagles & 7,500 American Gold Eagles today.

MTD American Silver Eagles sold 1,121,500 American Gold Eagles Sold 18,500

YTD American Silver Eagles Sold 15,964,000/American Gold Eagles sold 196,500.

The U.S. Mint also sold 4000 American Gold Buffalo coins.
MTD 6,000 sold YTD 66,000 sold

Buy 2016 American Silver Eagle Coins

U.S. Economic Data

Wholesale Inventories fell 0.5% in February – Expectations 0.1%. January Revised down from +0.2% to -0.2%.

Atlanta Fed Lowers GDP for Q1 to 0.1%

April 9, 2016


Austrian Mint Silver Sales Spike 57% in 2015

austrian mint silver sales 2008 - 2015 with flag

Austrian Mint silver sales rose from 2014’s low levels.

JM Bullion

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