Markets Prepare For Trump Turmoil

Desert Dust Devil

With Inauguration Looming, Trump Administration Policies Uncertain. Gold and Silver Prices Rise/Gold ETF Inflows Dry Up. U.S. Mint Reports Strong First Week Gold and Silver Sales. Press Conference Decorum Top stories of the week- Trump calls “fake news” on CNN at press conference; refers to Buzzfeed as a failing pile of garbage. Celebrities record “I Read More →

Indian Gold Imports – The Rise Before the Fall

Indian Gold Imports 1999 - 2016 November

November 2016 Indian Gold Imports Rose 28% From October; up 9% Year Over Year. Indian Gold Imports Rose in Midst of Gold Giving Season and During Shock Rupee Demonetization Announcement. Rupee Demonetization Makes Gold Attractive for Indians, but also a Target for Indian Government Removal of Cash From Circulation Curbs Further Gold Sales; 10% Import Read More →

US Mint Reports 15% Increase In First Day American Gold Eagle Sales

January sales of American Gold Eagle sales 1987 - 2017

American Gold Eagle Sales Remain Elevated to Start 2017. U.S. Mint Sells 46,000 One Ounce American Gold Eagles on First Day of 2017. Sales of One Ounce American Gold Eagle Coins on the First Day of 2017 were 15% Higher than First Day of 2016. First Day 2017 sales of American Gold Eagles were higher Read More →

Shanghai Gold Exchange Withdrawals Fall 24% in 2016

Shanghai Gold Exchange Withdrawals - 2008 - 2016

Shanghai Gold Exchange Withdrawals Fell 23.5% in 2016 to 1,970 tons from 2576 tons in 2015. Shanghai Gold Exchange December 2016 withdrawals were 196.368 tonnes down 14% from 228.216 tons withdrawn in December 2015. November 2016 was the only month of 2016 that gold withdrawals rose on a year over year comparable month basis. Donate Read More →

What is the Real Purpose of the Gold Futures Market? – Podcast

notional futures gold daily trading

Wikileaks 1974 Cable Reveals Purpose of Creation of Gold Futures Market. Top economic stories of the week: Wilikeaks 1974 cable confirming the intent of the creation of a gold futures market prior to the legalization of gold at the end of 1974. 1933: gold ownership banned (FDR executive order 6102) 1944: Bretton Woods Agreement (established Read More →

People’s Bank of China Adds 80 Tons of Gold to Reserves in 2016

PBOC US treasury holdings October 2015 - October 2016

Peoples Bank of China Adds 80.203 Tons of Gold to Reserves in 2016. The People’s Bank of China Added No Gold to Reserves in November or December 2016. Total reported People’s Bank of China gold reserves stand at 1842.56 tonnes. Gold Acquisition Halted For Second Month in a Row as Chinese Foreign Reserves Fall by Read More →

Perth Mint Gold Sales Surge in Final Four Months; Rise 14% in 2016

Perth Mint gold sales December 2015 December 2016

Gold Sales at the Perth Mint Spike 13.8% in 2016. Gold sales at the Perth Mint in 2016 were 520,295 ounces up 13.8% from 2015 gold sales of 457,132 ounces. Perth Mint Gold Sales Finish Strong Topping 50,000 Ounces For Fourth Month in a Row in December. Gold sales at the Perth Mint in December Read More →

Kazakhstan Adds 100,000 Ounces of Gold To Reserves In November

Kazakhstan gold reserves 2015 -2016 November

The National Bank of Kazakhstan Added 3.11 Tons (100,000 ounces) of Gold To Reserves in November. Total Gold Reserves Stood at 254.73 Tons at end of November 2016. Kazakhstan Gold Reseves Rank 21st in the World. The National Bank of Kazakhstan added 100,000 ounce of gold to her reserves in November. Along with the Central Read More →

Gold and Silver 2016 Year in Review

Gold etf demand final 2016

Gold and Silver Finish 2016 Higher. Click here to see the Smaulgld commentary video to this report below. Gold and silver. Gold closed last week at $1133.50 an ounce and closed this week at $1150 up 8.5% from the close of 2015 of $1060 an ounce. Silver closed last week at $15.73 an ounce and Read More →

Gold Price vs. World Currencies in 2016

Gold vs the Dollar 2016

Gold Rose 8.5% vs. the U.S Dollar in 2016. Gold breaks three year losing streak in 2016 vs. the U.S. Dollar; higher against the Euro, the Australian and Canadian Dollars currencies three years in a row. Gold hit all time highs against the Syrian Pound, the Turkish Lira and Ukraine Hyrvnia during 2016. Silver out Read More →