The People’s Bank of China Added 130,000 Ounces (4.04 Tons) of Gold to Reserves in October. Total reported People’s Bank of China gold reserves stand at 1842.56 tonnes. Pace of Gold Acquisition Continues to Moderate as Chinese Foreign Reserves Fall. PBOC foreign reserves fell from $3.166 trillion in September to $3.12 trillion in October, the … Read More →
U.S. Presidential Race/Outcome To Create Political, Economic and Market Turmoil. Federal Reserve Policy re Interest Rates Can’t Eliminate Impact of Political Uncertainty. Media Organizations Struggle with Profitability The top story of the week: Presidential race continues to dominate the news cycle. Wikileaks adds ‘spirit cooking‘ to the general lexicon. Hints of pending federal criminal indictment … Read More →
Sales of American Gold Buffalo Coins Jump 171% in October. U.S. Mint Sells 28,500 24K one ounce gold coins in October. American Gold Buffalo sales in October highest since January. The U.S. Mint sold 28,500 one ounce American Gold Buffalo coins in October, up 171% from 10,500 sold in October 2015. Sales of American Gold … Read More →
U.S. Mint October 2016 American Silver Eagle Sales Report. U.S. Mint Sells 3,825,000 American Silver Eagle coins in October. Sales of American Silver Eagles in October were up 128% from 1,675,000 sold in September 2016 and up 1% from 3,788,000 sold in October 2015. American Silver Eagles sales in October were the second highest October … Read More →
U.S. Mint October 2016 American Gold Eagle Sales Report. The U.S Mint sold 100,500 one ounce American Gold Eagle Coins in October up 27.2% from 79,000 sold in September 2016 and up 286.5% from 26,000 sold in October 2015. Total ounces of gold attributable to all American Gold Eagle Coins including 1/10, 1/4/ 1/2 and … Read More →
September 2016 Indian Silver Imports Were 225 Tons (approximately 7.23 million ounces) Indian Silver Imports Were Down 78% from 1,019 Tons (32.8 million ounces in September 2015. Indian Silver Import Update. Last year we released a survey of India and Silver that covered supply and demand in that country. We noted that silver was India’s … Read More →
Pravda Reports that Russia Intends to Sell Some of its Gold. The Central Bank of Russia has added more gold to reserves than any nation over the past two years. Time to sell? BRICS countries to invest $500 million in Russian gold deposits in Siberia. According to Russian news agency Pravda the Russia Treasury is … Read More →
St. Louis Fed President James Bullard Says Only One Rate Hike Needed. Bullard: U.S. is in a “high-liquidity-premium regime, in which investors are willing to pay premium prices for safe assets like government debt”. No need to raise rates much when other sovereign regimes have interest rates at zero or negative. Bullard has stated a … Read More →
Indian Gold Demand And Imports Expected To Bounce off 2016 Lows. Lower Prices, Diwali and Wedding Season to Boost Indian Gold Demand. Indian October Gold Imports Estimated to Be 60-70 Tons After nine months of the lowest Indian gold import demand in ten years, October gold demand is expected to bounce of its 2016 lows. … Read More →
New Wikileaks and Project Veritas Revelations Show Corruption and Vote Rigging Efforts. Dollar Index Approaches 100 – Impact of Fed Rate Hike Plans?. Deutsche Bank Settles Silver Prices Fixing Case. Top Gold And Silver Stories from the week ended October 22, 2016. The top story of the week: Continued daily Wikileaks exposing collusion between DNC … Read More →
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