American Silver Eagle Sales Slump 20% in 2016

U.S. Mint 2016 American Silver Eagle Sales Report. U.S. Mint Sold 37,601,500 American Silver Eagles in 2016. U.S. Mint Sold 240,000 American Silver Eagle coins in December. 2016’s Annual Sales Total Lowest Since 2012’s 33,742,500 American Silver Eagles sold December 2016 sales lowest monthly total since 150,000 American Silver Eagles were sold in December 1989. Read More →

Currencies in Crisis

Burning Currency

New Indian Rupee Notes Crumble – Literally. Indian gold dealers bank accounts frozen. Venezuelan Shops Weighing Currencies. Venezuelan Government Pulls 100 Bolivar Notes From Circulation But Won’t Exchange All 100 Bolivar Notes in Currency Swap. Australian $100 note on the way out? WARNING: Hoarding Cash May Not Provide Protection Fed Raises Fed Fund Rate a Read More →

Shanghai Gold Exchange Withdrawals Rise 40% in November

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Shanghai Gold Exchange Withdrawals Rise 40% Month Over Month and 6% Year Over Year in November. Shanghai Gold Exchange November withdrawals were 214.718 tonnes. November 2016 was the first month this year that gold withdrawals rose on a year over year comparable month basis. Through November 2016, withdrawals of 1774.717 tonnes were 25% lower than Read More →

Indian Silver Imports Rise 42% in October

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October 2016 Indian Silver Imports Were 319 Tons (approximately 10.256 million ounces) Indian Silver Imports Were Up 42% from 225 Tons (7.23 million ounces) in September. Silver imports were down 55% from 703 tons (22.6 million ounces) imported in October 2015. Will India’s demonetization and “war on gold” lead to greater silver demand in India? Read More →

Explaining the Deutsche Bank Silver Manipulation Case – ICYMI – December 10, 2016

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Deutsche Bank Settles Silver Manipulation Case. Stock Market Hit All Time Highs. Gold falls after Italian Constitutional Referendum Fails. Dollar at 14 year Highs as Fed Mulls Rate Hike. Deutsche Bank Silver Manipulation Case DB settles Private Litigation Civil Suit- No Jail, No Fines, but damages Separate DOJ/CFTC Investigation Underway Plaintiffs: COMEX silver traders Defendants: Read More →

Indian Gold Imports Soar on the Eve Of Demonetization

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October 2016 Indian Gold Imports Rise 105% From September. Gold Imports Rose in Advance of Gold Giving Season and ahead of Shock Rupee Demonetization Announcement Gold Imports Still Under Pressure From Increased Duties, Taxes and Government Intervention. Rupee Demonetization Makes Gold Attractive for Indians, but also a Target for Indian Government Indian Gold Imports January-October Read More →

People’s Bank of China Halts Gold Acquisition in November

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The People’s Bank of China Added No Gold to Reserves in November. Total reported People’s Bank of China gold reserves stand at 1842.56 tonnes. Gold Acquisition Halted as Chinese Foreign Reserves Fall by $68 billion in November. PBOC foreign reserves fell from $3.12 trillion in October to $3.052 trillion in November, the lowest total since Read More →

Kazakhstan Adds 101,000 Ounces of Gold To Reserves In October

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The National Bank of Kazakhstan Added 3.1 Tons (101,000 ounces) of Gold To Reserves in October. Total Gold Reserves Stood at 252 Tons at end of October 2016. Kazakhstan Gold Reserves Rank 21st in the World. The National Bank of Kazakhstan added 101,000 ounces of gold to her reserves in October. Along with the Central Read More →

Perth Mint Silver Sales Dip in November

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November Perth Mint silver sales of 984,622 ounces were down 9.2% from 1,084,213 ounces sold in October. Silver sales at the Perth Mint in November were down 14% year over year from November 2015 sales of 1,145,239 ounces. Gold Sales At the Perth Mint in November Were Up 73% from November 2015 Perth Mint Silver Read More →

Why the Stock Market May Finally Correct and QE4 Won’t Happen- ICYMI December 3, 2016

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President Elect Donald Trump’s Administration Won’t De-Emphasize Wall Street, Just Redirect it. Wall Street To Remain Important for Industrial and Infrastructure Lending (Hostile) Silicon Valley Speculative Equities/FANGS/MSM Media Are Out Trump’s Economic Focus Will be on the U.S. Heartland and Rust Belt Where He Derives His Political Strength Fed Chair Janet Yellen’s Negative Interest Rates Read More →