In Case You Missed it – Week Ended July 2, 2016

In Case You Missed It – Week Ended July 2, 2016.

Top Gold And Silver Stories from the week ended July 2, 2016.

The Lowest Cost. Period.

Click here to see the Smaulgld commentary video to this report below.

Notice to Smaulgld Subscribers: Due to an increase in posting activity, you will no longer receive an email of each blog post published. We will try to limit the emails to no more than one a day.

Not a Smaulgld subscriber? Sign up here.

The big story of the week was the aftermath/fallout of Brexit vote on last Thursday.

Gold and silver

Gold closed last week at $1315.60 and closed this week at $1341.90 (+2%)
Silver closed last week at $17.72 closed this week at $19.75 (+11.5%)

The gold and silver ratio ended the week at 70.76 to 1

gold silver ratio june 30 2016

Silver’s dramatic rise last week drove the gold silver ratio down near 70 to 1.

Chart of the Week

Silver Spikes!

silver price July 1 2016

Silver rose about $1 on friday or more than 5%

Sign Up For Smaulgld.com Updates Here!

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

June 26, 2016

The collapse will be blamed on Brexit
https://twitter.com/Smaulgld/status/747203007633362944

Gold

Hedge Funds Win World-Beating Rally With Record Gold Holdings

June 27, 2016

U.S. Reaction to Brexit

Dow down 300 pts

“There is no sense of a financial crisis developing,” Jack Lew U.S. Treasury Secretary
Jack Lew comments here too.

S & P Cuts UK Credit Rating

Fed

Yellen pulls out of ECB gathering in Portugal

Greenspan says US economic environment ends in inflation

Gold

Gold Extends biggest rally in seven years

Metal detectorist who who found gold Bronze Age ring fined after trying to sell it to a museum. He failed to report his find within two week statutory period.

Investors Keep Piling into Gold Funds

US Economic Data

U.S. JUNE DALLAS FED MANUFACTURING INDEX -18.3, EXP: -15.0, LAST -20.8

Markit Service PMI 51.3, Exp. 52.0, Last 51.3

U.S. Mint Sales Update

U.S. Mint reported selling 60,000 American Silver Eagles 3,500 American Gold Eagles today.

MTD American Silver Eagles sold 1,899,500 & American Gold Eagles sold 49,500

YTD American Silver Eagles Sold 25,312,5000 /American Gold Eagles sold 393,000

The U.S. Mint reported selling 500 American Gold Buffalo coins.
MTD 12,000 sold YTD 110,000 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

Buy American Silver Eagle Coins

June 28, 2016

From Smaulgld.com

HOLY COW! GOLD FOUND IN COW URINE

Brexit Aftermath

Market Manipulation

Denmark Dumped nearly a Billion in Kroner to prevent it from rising

Gold

Gold Veteran Says Brexit May Be Start of ‘Major Bull Market’

Gold is sending a dark sign that ‘almost everything has changed’

Gold imports to China Through Hong Kong rise 68% in May

Silver

Post Roman – Pre Viking Silver Treasure Found in Gaulcross, Scotland Hoard contains Roman and Pict coins

U.S. Economic Data

Q1 GDP Final Estimate 1.1%, Exp. 1.0%, Last 0.8%

Deflator reduced to just .04%

April Home Price increase slows

Terror Attack at Istanbul Airport

U.S. Mint Sales Update

U.S. Mint reported selling 125,000 American Silver Eagles 4,500 American Gold Eagles today.

MTD American Silver Eagles sold 2,024,500 & American Gold Eagles sold 54,000

YTD American Silver Eagles Sold 25,437,500 /American Gold Eagles sold 397,500

The U.S. Mint reported selling 1,500 American Gold Buffalo coins.
MTD 13,500 sold YTD 111,500 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

Sign Up For Smaulgld.com Updates Here!

June 29, 2016

From Smaulgld.com

GOLD DEMAND SHIFTS TO THE WEST – PODCAST

London has overtaken India and China gold shipments from refineries in Switzerland.

swiss gold exports to UK

Gold imports from Switzerland into London to feed EFT demand have soared, outpacing Swiss exports to Hong Kong, India and China combined.

JP MORGAN CLEARED IN SILVER MANIPULATION CASE

Court Holds Plaintiffs Failed to Show that JP Morgan Made “Uneconomic Bids”

Gold

March Faber Says buy gold in preparation for QE4

Gold ETF holdings surge

Gold Near Two Year High

U.S. Economic Data

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

Pending Home Sales -3.7%, Exp. -1.1%, Last 5.1%

Global Bailouts

German Finance Minister Portugal Needs and Will Get New Aid Program

Puerto Rico to Get Congressionally Approved Debt Restructuring

Brexit Fails to Provide Dollar Boost

U.S. Mint Sales Update

U.S. Mint reported selling 538,000 American Silver Eagles 5,500 American Gold Eagles today.

MTD American Silver Eagles sold 2,562,500 & American Gold Eagles sold 59,500

YTD American Silver Eagles Sold 25,975,500/American Gold Eagles sold 403,000

The U.S. Mint reported selling no American Gold Buffalo coins.
MTD 13,500 sold YTD 111,500 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

June 30, 2016

From Smaulgld.com

SWEDISH PRECIOUS METALS DEALER BANK ACCOUNT CLOSED WITHOUT NOTICE

swedish kroner ban

Sweden is at the forefront of the movement to eliminate physical currency.

Canstockphoto

The Dark Side of a Cashless Society” target=”_blank”>The Dark Side of A Cashless Society

Brexit Aftermath

EU rating cut

Yuan Heads for worst quarter on record

IMF cuts growth forecasts due to Brexit uncertainties

Gold

Cheap Gold Mines Disappearing

IMF: Deutsche Bank in Trouble Shares plummett

Bank of England

Carney says more stimulus needed this summer Excuse to do more stimulus

“material slowing” in economic growth because of the Brexit vote.

De-Dollarization

Dollar share of global currency reserves shrinks

IMF Dollar as a pct of reserves down to 63.6 percent in the first quarter, equivalent to $4.57 trillion, from 64.3 percent in the last quarter of 2015. Not coincidentally, the dollar fell 4 percent against a basket of currencies .DXY in the first three months of 2016.

Fed’s Bullard sees slower growth but no recession

Fed’s Bullard – A Flip Flopper?

U.S. Economic Data

Initial Claims 268K, Exp. 267K

US Chicago PMI Jun: 56.8 (est 51.0; prev 49.3)

U.S. Mint Sales Update

U.S. Mint reported selling 275,000 American Silver Eagles 3,000 American Gold Eagles today.

MTD American Silver Eagles sold 2,837,500 & American Gold Eagles sold 62,500

YTD American Silver Eagles Sold 26,250,500/American Gold Eagles sold 406,000

The U.S. Mint reported selling 1,000 American Gold Buffalo coins.
MTD 14,500 sold YTD 112,500 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 1, 2016

Puerto Rico set to default

Fed Chatter

Fed’s Powell says not contemplating negative interest rates

U.S. Economic Data

May Construction Spending -0.8% Exp 0.5% Prior -2.0%

Reuters propaganda re MAY construction spending slipping: “as the effects of Britain’s decision to leave the European Union become more apparent.” “providing another sign that U.S. manufacturing was regaining its footing after weakness early this year.”

July 2, 2016

From Smaulgld.com

GOLD PRICED IN WORLD CURRENCIES – SECOND QUARTER 2016

gold vs British pounds Q2 2016

Gold hit nearly £ 1,000 in the second quarter as Brexit uncertainty caused the pound to weaken and gold to strengthen.

SILVER UP 56% AGAINST BRITISH POUND IN 2016

silver vs british pound july 1 2016

Silver is up 56% vs the British Pound in 2016, while gold is up “only” 40%.

You Tube Notes to this report

Sign Up For Smaulgld.com Updates Here!

A YouTube version of this podcast will be available on the Smaulgld You Tube Channel shortly.

Check out all the Smaulgld podcasts here.

Please consider making a small donation to Smaulgld.com. Thanks!





Buy American Gold Eagle Coins

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 and get the free In Case You Missed Itweekly email as well as updates and analysis on gold, silver, real estate and the economy.

Also get the free report “Twelve Key Differences Between Gold and Silver” when you subscribe.






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 Silver Coins on Amazon

Buy Silver Austrian Philharmonic Coins

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.

Post Navigation