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
The gold silver ratio ended the week under 80:1
Chart of the Week
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
From Smaulgld.com
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
Gold
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
Silver
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%
Gold
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
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
Gold
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
Fed
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
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
Gold
rose overnight then gave up some of its gains
Silver tacked on another thirty cents
Oil
Oil surges on lower dollar, producer talks on production cuts
China
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%
Silver
The worlds’s most expensive coin is silver not gold
March 18, 20165
From Smaulgld.com
Russia adds 300,000 ounces of gold to reserves in February
Russia added 300,000 ounces of gold to its reserves in February 2016.
Gold
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% Junk Silver From BGASC.com
Buy 2016 American Silver Eagle Coins
If you have enjoyed this report, please consider 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.
In Case You Missed it… Archives
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:
