In Case You Missed It – Week Ended March 19, 2016

In Case You Missed It – Week Ended March 19, 2016.

Stories from the week ended March 19, 2016.

The big economic news of the week was the Fed’s announcement on Wednesday not to raise interest rates and their cutting of the number of rate hike expetatins in 2016 from four to two. The dollar fell and gold and silver rose especially silver.

Gold and silver

Gold closed last week at $1250.10 and closed this week at $1254.70
Silver closed last week at $15.47 and closed this week at $15.81

The gold and silver ratio ended the week at 79:1

gold silver ratio march 19 2016

The gold silver ratio ended the week under 80:1

The Lowest Cost. Period.

Chart of the Week

gold vs the canadian dollar march 2016

Gold got cheaper in Canadian dollars as the price of oil rebounded.

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

March 13, 2016


Are Entrepreneuers Really Tricked by Low Interest Rates?

This article also appeared in Inman News

Related reading The “Secret to Zillow’s Growth” and The Fed caused 93% of the entire stock market’s move since 2008: Analysis

March 14, 2016


Negative Interest Rates Boost Japanese gold Demand

Gold believers scoff at Goldman Sachs warnings

Hiker finds rare Roman gold coin in Israel

Armenian gold mine starts construction next month

Strong demand from emerging markets limited supply floats gold

US Mint Sales Update

U.S. Mint sold 709,000 American Silver Eagles & 3,000 American Gold Eagles today.

YTD American Silver Eagles Sold 12,709,000/American Gold Eagles sold 172,000

MTD Silver Eagles sold 1,972,500 MTD Gold Eagles sold 15,500

Buy 2016 American Silver Eagle Coins

March 15, 2016


Smaulgld appeared on Wall Street For Main Street’s Welcome To Dystopia Podcast.

How is Silver Supply and Demand Calculated?

US Economic Data

Empire State Index 0.6 Prior -16.6

February Retail Sales -0.1%, Exp. -0.2% but prior month revised down from 0.2% to -04%.
Retail Sales excluding autos and gas 0.3%, Exp. 0.2% prior month revised down from 0.1 to -04%

Home builder sentiment at 58

PPI -0.2%


Indian Gold Bar imports slump

CNBC at it again with the negative gold stories For gold, it’s 1999 all over again: Technician

Man finds gold in Russian forest, gets busted trying to smuggle it out of the country

Share buybacks keeping S&P afloat

Central Bank Manipulations

Japan keeps interest rates at negative 0.1% refrains from further stimulus


Small buyers return to silver

US Mint Sales Update

U.S. Mint sold 258,500 American Silver Eagles & 1,000 American Gold Eagles today.

YTD American Silver Eagles Sold 12,967,500/American Gold Eagles sold 173,000

MTD Silver Eagles sold 2,231,000 MTD Gold Eagles sold 16,500

The US Mint also sold 1000 American Gold Buffalo coins today – MTD 3,000 YTD 56,000

March 16, 2016
Smaulgld appeared on The Daily Coin


The Movement of Gold East on The Silk Road

US Economic Data

CPI Feb -0.2%, Exp. -0.2%, Last 0.0%
CPI Core +0.3%, Exp. +0.2%, Last 0.3%

Housing Starts 1,178K, Exp.1,150K, Last 1,120K
Housing Permits 1,167K, Exp. 1,200K, Last 1,204K


Leaves rates unchanged sees just two rate hikes in 2016

The vote was 9 to 1, with Kansas City Fed President Esther George dissenting. She wanted a quarter-point increase in rates.


Gold rallies post FOMC statement

See the birth place of the gold rush

World’s Largest Reinsures, Munich Re adds gold to reserves to combat negative interest rates

U.S. Mint sold 291,000 American Silver Eagles & 1,000 American Gold Eagles today.

YTD American Silver Eagles Sold 13,000,000/American Gold Eagles sold 174,000.

MTD Silver Eagles sold 2,263,500 MTD Gold Eagles sold 17,500

The US Mint sold no American Gold Buffalo coins today- MTD 3,000 YTD 56,000

Buy 2016 American Silver Eagle Coins

March 17, 2016

US Economic Data

Philly Fed 12.4, Exp. -1.5, last -2.8

Initial jobless claims 265K vs exp 268K


rose overnight then gave up some of its gains

Silver tacked on another thirty cents


Oil surges on lower dollar, producer talks on production cuts

Oil breaks $40 -2016 High


The Yuan rose on dollar weakness. The Yuan added .05% today vs the dollar to it highest level of 2016.
Bank of England Leaves rates at 0.5%


The worlds’s most expensive coin is silver not gold

March 18, 20165


Russia adds 300,000 ounces of gold to reserves in February

russian gold reserves from 2015 -february 2016

Russia added 300,000 ounces of gold to its reserves in February 2016.


FT calls gold a dangerous obsession

Marketwatch: Buying Gold today is like buying stocks in 1941

CNBC: The rally in gold is far from over

Indian jewelers continue 17th day of strike

Mumbai Temple Agrees to gold monetization scheme

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

YTD American Silver Eagles Sold 13,000,000/American Gold Eagles sold 174,500.

MTD Silver Eagles sold 2,263,500 MTD Gold Eagles sold 18,000

The US Mint sold 1.000 American Gold Buffalo coins today- MTD 4,000 YTD 57,000

Buy 2016 American Silver Eagle Coins

Buy 90 Percent Junk Silver US Coins

Buy 90% Junk Silver From

Buy 2016 American Silver Eagle Coins

JM Bullion

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