In Case You Missed It.
Top Gold And Silver Stories from the week ended July 16, 2016.
Click here to see the Smaulgld commentary video to this report below.
Not a Smaulgld subscriber? Sign up here.
The top stories of the week
the ‘truck crash’ in Nice
Follow our live blog for the latest from Nice after a truck crash leaves at least 70 dead https://t.co/FdX3z4hq8V pic.twitter.com/DiPZew4yX1
— MSNBC (@MSNBC) July 15, 2016
The attempted Turkish military coup
Rate Hikes Back on The Table
The top economic story of the week -return of Fed interest rate chatter.
Gold and silver
Gold closed last week at $1365.40 and closed this week at $1337.00 (-2%)
Silver closed last week at $20.25 closed this week at $20.19 (-0.2%)
The gold and silver ratio ended the week at 66.22 to 1
Silver’s continued price outperformance drove the gold silver ratio down last week to under 66 to 1.
Chart of the Week
Gold has preserved the wealth of savers in Turkey.
Sign Up For Smaulgld.com Updates Here!
Here are the stories we wrote, followed or commented on.
July 9, 2016
Gold has unlimited upside because the Fed is confused on policy
July 10, 2016
From Smaulgld.com
Gold
Indian Temples urged to share their gold
From Smaulgld.com
July 11, 2016
Gold
Japan Gold Sales Hop 60% from May to June “I want to buy gold every year as a birthday present for my daughter,”
Silver
Endeavor Silver ups silver production guidance for 2016
Fed Chatter
Kansas City Fed President Esther George resumes rate hike push on back of “strong” jobs report
WSJ Gold Falls as Economic Concerns Ease
“Friday’s strong jobs report sparked some speculation the Fed is more likely to raise interest rates this year”
As per last week fed needed a “good jobs report” to stay relevant and keep the rate hike talk alive
Brexit?
Lawyers: Brexit Vote was advisory, Parliament to decide
Nigel Farage, Theresa May is the Worst on Immigration
Guardian
In the US, Brexit has become a shorthand for ‘Sorry your country failed’
Silver
Gold silver relationship has changed interesting views on the ratio.
Euro Banking
No acute crisis in Italy, bank bailout with investor losses: EU’s Dijsselbloem
BUT
“Bank Runs Have Begun in Italy, ATMs Being Emptied”
U.S. Mint Sales Update
U.S. Mint reported selling 175,000 American Silver Eagles 4,000 American Gold Eagles today.
MTD American Silver Eagles sold 425,000 & American Gold Eagles sold 11,500
YTD American Silver Eagles Sold 26,675,500/American Gold Eagles sold 417,500
The U.S. Mint reported selling no American Gold Buffalo coins.
MTD 3,000 sold YTD 115,500 sold
The U.S. Mint Reported selling no Harpers Ferry National Historical Park five ounce silver America The Beautiful Coins.
MTD Sales of Harpers Ferry coins – 34,200
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
July 12, 2016
From Smaulgld.com
AMERICAN SILVER EAGLE SALES PLUMMET IN MIDDLE OF SILVER BULL MARKET – PODCAST
Gold
Japanese company to buy Swiss gold refiner
Indian gold imports fall 46% in June
US News: Time to Stash Gold Under Your Mattress?
Adidas Sneakers with real gold
Silver
Silver First Majestic Silver Production up 23% in Second Quarter
Euro Banking
German Finance Minister no risk of Italian bank crisis
Bank of England Hints at More Stimulus
Japanese Banks
Bernanke urges helicopter money
U.S. Economic Data
Wholesale Inventories 0.1%, Exp. 0.2%
Wholesale Sales 0.5%, Exp. 0.6%
JOLTS job openings down to 5.5MM from 5.845MM; Exp. 5.7MM
Sign Up For Smaulgld.com Updates Here!
Fed Chatter
St. Louis Fed President James Bullard Sticks to his single interest rate theory
Cleveland Fed President Meister calls for rate hikes
Brexit
to have negligible impact on the U.S.
U.S. Mint Sales Update
U.S. Mint reported selling 120,000 American Silver Eagles 2,000 American Gold Eagles today.
MTD American Silver Eagles sold 545,000 & American Gold Eagles sold 13,500
YTD American Silver Eagles Sold 26,795,500/American Gold Eagles sold 419,500
The U.S. Mint reported selling no American Gold Buffalo coins.
MTD 3,000 sold YTD 115,500 sold
The U.S. Mint Reported selling no Harpers Ferry National Historical Park five ounce silver America The Beautiful Coins.
MTD Sales of Harpers Ferry coins – 34,200
July 13, 2016
From Smaulgld.com
Fed Chatter
Dallas Fed President urges slow gradual careful approach to rate hikes
Yackety Yack
Philadelphia Fed President Harker- Up to Two Rate Hikes this year
Silver
The Silver Institute Issues Press Release on Silver’s Price Performance
Silver jumps 50 percent, but beware the devil’s metal
Gold
Marketwatch Sorry, gold and silver lovers, the party’s almost over
Post Brexit
July 14, 2016
Gold
India reduces excise tax on gold jewelry
Higher gold prices curb Indian Demand
Indian Gold Monetization Scheme
India nabs over 3 tons in scheme
Reuters Story in Times of India Selling spree: Price rise dulls gold’s lustre for Indians
Silver
Solar Power Drives Silver Price Higher
Post Brexit
Bank of England Leaves Rates, Shuns Rate hike
Fed Chatter
Atlanta Fed President says patience required on rate hikes post Brexit
Echoing Harker.. Lockhart said
“I still can imagine circumstances in which at least one policy move could take place and possibly two. Of course it will depend on the economy.”
U.S. Economic Data
PPI 0.5%, Exp.0.3%, Last -0.1%
PPI ex food and energy 0.4%, Exp. 0.1%
Initial Claims 254K, Exp. 265K
Industrial Production 0.6%, Exp. 0.3%
year-over-year 0.7%
Today’s Propaganda from Reuters: U.S. jobless claims unchanged as labor market picks up speed ‘pointing to further momentum in the labor market.’
U.S. Mint Sales Update
U.S. Mint reported selling 150,000 American Silver Eagles 2,000 American Gold Eagles today.
MTD American Silver Eagles sold 695,000 & American Gold Eagles sold 15,500
YTD American Silver Eagles Sold 26,945,500 /American Gold Eagles sold 421,500
The U.S. Mint reported selling 1,500 American Gold Buffalo coins.
MTD 4,500 sold YTD 117,000 sold
The U.S. Mint Reported selling no Harpers Ferry National Historical Park five ounce silver America The Beautiful Coins.
MTD Sales of Harpers Ferry coins – 34,200
July 15, 2016
Gold and Silver
U.S. Economic Data
Industrial production up 0.6% in June month over month WSJ:“another sign”
Zerohedge Tenth month in a row industrial production was down happens only in a recession
Retail Sales 0.6%, Exp. 0.1%, Last 0.5%
CPI 0.2%, Exp. 0.2%
Empire Fed 0.55, Exp. 5
US Deficit to hit $600 billion
You Tube Notes to this report
Check out all the Smaulgld podcasts here.
Please consider making a small donation to Smaulgld.com. Thanks!
Sign Up For Smaulgld.com Updates Here!
If you have enjoyed this report, please consider sharing it, buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to Smaulgld.com.
Get Free Updates From Smaulgld.com
Subscribe to Smaulgld.com to receive free gold and silver updates, news and analysis.
Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.
You can support Smaulgld.com by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the JM Bullion, BGASC, Bullion Vault, Gold Broker, Golden Eagle Coin, GoldMoney, SD Bullion, Perth and Royal Canadian Mint ads on the site.
Browse Collectible Coins on Amazon
DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.
Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.
The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.
The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.
Send Litecoin to this address:
