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
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
https://twitter.com/Smaulgld/status/750143925046874112
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)
More charts on the size of the silver market here!
Silver
China buyers drive silver prices higher
BBC News – Silver and gold surge as investors seek safe haven
Gold
CNBC Gold prices will hit record high in next 18 months as global bond yields crash: Pro
Hiding the world’s largest gold coin
July 5, 2016
From Smaulgld.com
AMERICAN SILVER EAGLE SALES DIP IN JUNE
June sales of American Silver Eagles were a respectible 2.8 million.
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
Gold
Centerra to buy “Debt Choked” Thompson Creek
Blackrock – Gold is a Hedge and Going Higher
2 Chainz and Colbert Eat Gold dusted Popcorn
Silver
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%
Reuters 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
Juy 6, 2016
From Smaulgld.com
AMERICAN GOLD EAGLE SALES REMAIN STRONG IN JUNE
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:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
https://twitter.com/Smaulgld/status/750831672078266368
Gold
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
De-Dollarization
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
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July 7, 2016
From Smaulgld.com
PEOPLE’S BANK OF CHINA GOLD RESERVES GROW 480,000 OUNCES IN JUNE
The People’s Bank of China added almost 15 tonnes of gold to reserves in June 2016 and none in May*.
SHANGHAI GOLD EXCHANGE WITHDRAWALS FALL IN JUNE
Through June 2016, SGE withdrawals were 974 tonnes, or 17% lower than 1178 tonnes withdrawn through June 2015.
SALES OF AMERICAN GOLD BUFFALO COINS ROBUST IN 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:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
PERTH MINT SILVER SALES SOAR 217% IN JUNE
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:
BGASC.com
Golden Eagle Coin
JM Bullion
Money Metals Exchange
Gold
Try panning for gold in Oregon
Silver
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 JUNE GOLD SALES RISE 49% FROM MAY SALES
Perth Mint gold sales rose in June 2016.
Compare pricing and shipping on Perth Mint Gold coins for sale at these websites:
BGASC.com
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
https://twitter.com/Smaulgld/status/751366943605714945
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
https://twitter.com/Smaulgld/status/751392176672825344
and there it is
https://twitter.com/Smaulgld/status/751393138355400704
June payrolls 287K, Exp. 180K
Rate Hike on the Table in September?
https://twitter.com/Smaulgld/status/751450430874521601
Brexit aftermath
June was a bad retail month but July…
https://twitter.com/Smaulgld/status/751403442917220352
Gold
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
Indian discounts rise with the gold price
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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