Fed Holds off On Raising Interest Rates Again.
Presidential Campaign Heats Up: A Baffled Hillary Scolds Supporters Via Video Conference.Top Gold And Silver Stories from the week ended September 24, 2016.
The top story of the week- The Presidential campaign heats up:
Hillary Clinton cancels live events, campaign in front of a screen.
Clueless in Chappaqua – Hillary asks why “aren’t I” leading by 50 points
Trump speaks live to large crowds
CBS covers Trump’s strength in Ohio: profiles a Trump voter as someone who pisses out the window and interviews the “educated (downstream) Hillary supporter who has to put up with it:
In Ohio, defiant Democrats flock to Trump
Top economic stories of the week: Fed refuses to raise interest rates.
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Gold and silver
Gold closed last week at $1310.00 and closed this week at $1337.10 (+2.1%)
Silver closed last week at $18.75 closed this week at $19.67 (+4.9%)
The gold and silver ratio ended the week at to 67.98:1
Chart of the Week
Learn More About the American Silver Eagle
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
You Tube Notes to this report
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Here are the stories we wrote, followed or commented on.
September 18, 2016
“Bomb” in New York
Hillary Clinton, on her campaign plane, responds to explosion in NYC pic.twitter.com/4tfyUE2vNc
— Liz Kreutz (@ABCLiz) September 18, 2016
War on Cash
Harvard Economist: US Should Phase-Out All Currency Larger Than $10 Bills
Costly Upgrades Could Make ATMS Disappear
September 19, 2016
From Smaulgld.com
Gold
Joe Doe – Funds “Dump” Gold
Post Crisis Central Banks Build Their Gold Reserves
NONESENSE- its just Russia, China and Kazakstan
In India’s Bazaars, Old Gold Is the New Black
“With prices sky high, Indians are selling off old jewelry—and it’s taking the shine off gold imports”
Despite higher prices, gold fever to return
More Taxes on Gold Coming to India?
US Economic Data
Placerville Hosts Gold Panning Championship
NAHB Sept housing market index 65, Exp. 60, Last 59
Mexican Peso
Analysts cite Clinton’s illness in new plunge by Mexico peso
Smaulgld spotted the correlation first!
September 20, 2016
From Smaulgld.com
THE CENTRAL BANK OF RUSSIA ADDS 700,000 OUNCES OF GOLD TO RESERVES IN AUGUST
Gold
McEwan says Gold $1900 by year end
U.S. Economic Data
Housing Starts 1.142MM Exp. 1.190MM,
Housing Permits 1.139MM Exp. 1.165MM
Single family housing starts dropped to 722K, lowest since October 2015
New home sales at 1960’s 70’s levels
Atlanta Fed Reduces GDP 3rd Quarter estimate to 2.9%
U.S. Mint Sales Update
U.S. Mint reported selling 205,000 American Silver Eagles and 9,000 American Gold Eagles today.
MTD American Silver Eagles sold 1,255,000 & American Gold Eagles sold 47,000
YTD American Silver Eagles Sold 30,155,500 /American Gold Eagles sold 533,000
The U.S. Mint reported selling 0 one ounce American Platinum Eagle coins.
YTD 20,000 American Platinum Eagle coins sold.
The U.S. Mint reported selling 3,500 American Gold Buffalo coins.
MTD 11,000 sold
YTD 141,000 sold
The U.S. Mint Reported selling 0 Theodore Roosevelt National Park five ounce silver America The Beautiful Coins.
YTD Sales of Theodore Roosevelt National Park 30,000
September 21, 2016
From Smaulgld.com
Gold
Silver
U.S. Economic Data
Federal Reserve Contemplates No Exit
Fed Decision
U.S. Mint Sales Update
U.S. Mint reported selling 0 American Silver Eaglesand 5,000 American Gold Eagles today.
MTD American Silver Eagles sold 1,255,000 & American Gold Eagles sold 52,000
YTD American Silver Eagles Sold 30,155,500 /American Gold Eagles sold 538,000
The U.S. Mint reported selling 0 one ounce American Platinum Eagle coins.
YTD 20,000 American Platinum Eagle coins sold.
The U.S. Mint reported selling 500 American Gold Buffalo coins.
MTD 11,500 sold
YTD 141,500 sold
The U.S. Mint Reported selling 0 Theodore Roosevelt National Park five ounce silver America The Beautiful Coins.
YTD Sales of Theodore Roosevelt National Park 30,000
September 22, 2016
From Smaulgld.com
RUSSIA TO SELL GOLD TO CHINA Smaulgld on the Daily Coin
Gold
Top Colombia Gold Miner Faces Production Halt Amid Protests
Canadian Mint employee smuggles $180,000 worth of gold
EU Banks May Need Rescue Funds Equaling Twice ECB Capital
Russia Targets China for Gold Sales as VTB, Sberbank “drop below $1300 is a buying opportunity”
60% of Indian Gold Demand met by Recycling due to High Prices
Silver
Federal Reserve
Mainstream Question Fed Credibility
How often can Fed lay out case for rate hike and then not follow through, asks observer “no reasonable Fed member” Comeyesque
Fed lays out the case for rate hike, then doesn't raise rates,
Comeyesque.
No reasonable Fed would raise rates?— Smaulgld (@Smaulgld) September 22, 2016
US Economic Data
Initial Claims 252K, Exp. 261K, Last 260K
Existing home sales fall in August
U.S. Mint Sales Update
U.S. Mint reported selling 50,000 American Silver Eaglesand 3,000 American Gold Eagles today.
MTD American Silver Eagles sold 1,305,000 & American Gold Eagles sold 55,000
YTD American Silver Eagles Sold 30,205,500 /American Gold Eagles sold 541,000
The U.S. Mint reported selling 0 one ounce American Platinum Eagle coins.
YTD 20,000 American Platinum Eagle coins sold.
The U.S. Mint reported selling 1,500 American Gold Buffalo coins.
MTD 13,000 sold
YTD 144,500 sold
The U.S. Mint Reported selling 0 Theodore Roosevelt National Park five ounce silver America The Beautiful Coins.
YTD Sales of Theodore Roosevelt National Park 30,000
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
September 23, 2016
From Smaulgld.com
Fed Chatter
Rosengren Says Gradual Rate hikes needed now
Atlanta Fed’s Lockhart says inequality among most pressing national issues
De-Dollarization
Silver
World’s Largest Solar Plant Goes Live (India)
US Economic Data
Markit Manufacturing PMI 51.4; Est 51.9, Last 52.0
September 24, 2016
JANET YELLEN SLIPS, ADMITS WHY THE FED WON’T NORMALIZE INTEREST RATES – PODCAST
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