Westerners Buy Gold ETFs Instead of Gold Bullion-ICYMI – Week Ended July 9, 2016

In Case You Missed It.

Top Gold And Silver Stories from the week ended July 9, 2016.

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The big story of the week was the FBI decision not to recommend charges against Presidential candidate and former Secretary of State Hillary Clinton despite her ‘extreme carelessness’ in handling classified information.

The top economic story of the week was the lack of reaction to the “solid” jobs report on Friday.

Gold and silver

Gold closed last week at $1341.90 and closed this week at $1365.40 (+1.8%)

Silver closed last week at $19.75 closed this week at $20.25 (+2.5%)

The gold and silver ratio ended the week at 68.67 to 1


Silver’s continued price outperformance drove the gold silver ratio down last week to under 70 to 1.

Chart of the Week

Gold ETF Inflows Surge

gold etf inflows july 8 2016

Westerners invest more money in gold ETF’s than physical gold bullion.

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

Silver rose to $21 then crashed

July 4, 2016

Happy Fourth of July!

From Smaulgld.com

COULD SOMEONE BUY ALL THE AVAILABLE SILVER? – PODCAST (How big is the tiny silver market? – podcast)

global silver mining production value vs JP morgan fines gates

More charts on the size of the silver market here!


China buyers drive silver prices higher

CNBC: This asset may be a better bet than gold following Brexit result Why gold investors should look at silver too

BBC News – Silver and gold surge as investors seek safe haven


CNBC Gold prices will hit record high in next 18 months as global bond yields crash: Pro

Deep sea gold rush

Hiding the world’s largest gold coin

July 5, 2016

From Smaulgld.com


American Silver Eagle sales June 1987 - 2016

June sales of American Silver Eagles were a respectible 2.8 million.

Compare American Silver Eagles for sale at:

Golden Eagle Coins
JM Bullion
Money Metals Exchange


Centerra to buy “Debt Choked” Thompson Creek

Blackrock – Gold is a Hedge and Going Higher

2 Chainz and Colbert Eat Gold dusted Popcorn


Chinese Traders Behind Silver Swings

Chinese Retail Investors have taken over silver – Saxo Bank Saxo suggest Chinese retail investors on the Shanghai Gold Exchange have “taken over silver for now”.

Chinese go Crazy for Bitcoin and Silver

Chinese Investors Behind Silver’s Surge?

Fed Chatter

NY Fed President Dudley says Brexit and other “uncertainties” allows the Fed to be patient

San Francisco Fed President Williams Says Brexit no big deal “the economy is doing well. Full stop,”

US Economic Data

Factory Orders -1.0%, Exp. -0.8%

New orders for U.S. factory goods fell in May on weak demand for transportation and defense capital goods, but growing order backlogs and lean inventories suggested the worst of the manufacturing downturn was probablyover.

From last week
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.”

NY ISM Employment index fell to 35.9 vs 44.6

US 10 Year Treasury Falls To Record Low

Pound hits 31 year low vs Dollar

Buy American Silver Eagle Coins

Juy 6, 2016

From Smaulgld.com



american silver eagle to gold eagle sales ratio 2008 - june 2016

American Silver Eagle sales set records in 2013-2015, while American Gold Eagle sales languished. American Gold Eagle sales have increased in 2016.

You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:

Golden Eagle Coins
JM Bullion
Money Metals Exchange


UBS Gold has entered a new phase

Citi: Italian Referendum a Bigger Risk Than Brexit

Italy is a founding member, the heart of Europe culturally, uses the Euro

British Pound Slips to 31 Year Lows

USB: Gold Has Never Been So Compelling

This is the start of a gold bull market, says strategist

Gold and Gold Miners Pop Higher

Chinese fund eyes Glencore gold mine in Kazakhstan

Gold’s run is done — look out for a $300 drop: Wells Fargo strategist


Brexit may boost Yuan Internationalization

Russia Starts Holding Yuan as Reserves

Fed Chatter

Fed Minutes showed the Committee clearly wanted to wait to see how the Brexit vote went

U.S. Economic Data

ISM Non-mfg May 56.5, Exp. 53.3, Last 52.9

US Trade Deficit grows to 41.1 billion
trade gap with China up 19.3% to $29 billion in May.

U.S. Mint Sales Update

U.S. Mint reported selling 250,000 American Silver Eagles 5,500 American Gold Eagles today.

MTD American Silver Eagles sold 250,000 & American Gold Eagles sold 5,500

YTD American Silver Eagles Sold 26,500,500/American Gold Eagles sold 411,500

The U.S. Mint reported selling 1,000 American Gold Buffalo coins.
MTD 1,000 sold YTD 113,500 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

Buy American Gold Eagle Coins

silver eagle premiums july 8 2016

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July 7, 2016

From Smaulgld.com


PBOC gold reserves 2009-2016 through June

The People’s Bank of China added almost 15 tonnes of gold to reserves in June 2016 and none in May*.


hanghai Gold Exchange Through June 2008 -2016

Through June 2016, SGE withdrawals were 974 tonnes, or 17% lower than 1178 tonnes withdrawn through June 2015.


American Gold Buffalo sales 2006-2016 june

The U.S. Mint sold 14,500 American Gold Buffalo coins in June 2016.

You can compare American Gold Buffalo coins for sale at these websites:

Golden Eagle Coins
JM Bullion
Money Metals Exchange


Perth mint silver sales June 2015 - June 2016

The Perth Mint sold over 1.2 million ounce of silver in June 2016.

Compare prices and shipping of Perth Mint Silver Kangaroo Coins for sale at these online bullion dealers:

Golden Eagle Coin
JM Bullion
Money Metals Exchange


Try panning for gold in Oregon


Jeffrey Christian: First Majestic attracts silver conspiracy types

From Smaulgld.com

U.S. Economic Data

Initial Claims 254K, Exp. 269K

ADP 172K, Exp. 160K
Construction jobs -5,000;
Manufacturing jobs -21,000

July 8, 2016

From Smaulgld.com


perth mint gold sales 2015 - 2016 through June

Perth Mint gold sales rose in June 2016.

Compare pricing and shipping on Perth Mint Gold coins for sale at these websites:

JM Bullion
Money Metals Exchange
1/10 Oz Australian Kangaroo Gold Coins – $145.45
from: Money Metals Exchange

U.S. Economic Data

Reuters pre pump non farm payroll propaganda

Initial jobless claims and unemployment rate should all be ignored-all supposedly at multi decade bests /NFP “robust” yet no rate hike

Fed needs a good job number

and there it is

June payrolls 287K, Exp. 180K

Rate Hike on the Table in September?

Brexit aftermath

June was a bad retail month but July…


Gold $1500? Gold: $1,500 by year-end? “most people dont have ANY gold or gold stocks. Gold market not overheated.” Goes up for a few months and media trying to call an end to the rise.

Japanese Buying and Storing Gold in Switzerland

The Case to Buy Gold Miners

Indian discounts rise with the gold price

BofAML calls for $1500 gold

U.S. Mint Sales Update

U.S. Mint reported selling no American Silver Eagles 2,000 American Gold Eagles today.

MTD American Silver Eagles sold 250,000 & American Gold Eagles sold 7,500

YTD American Silver Eagles Sold 26,500,500/American Gold Eagles sold 411,500

The U.S. Mint reported selling 2,000 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 Tube Notes to this report

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