Donald Trump Elected 45th President of the United States.
Gold and Silver Crash, Dollar Strengthens, Dow Jones Hits All-Time High & Copper Soars.
Political uncertainty is good for the US dollar – even if its US political uncertainty.
Trump to replace global crony capitalism with nationalist crony capitalism?
Trump to create new class of voters through national infrastructure projects funded by government bonds?
Jamie Dimon for Secretary of the Treasury?
Media realignment? Breitbart/Infowars to Replace CNN/MSNBC at Press Conferences?
The top story of the week:
Donald Trump elected. India bans 500 and 1000 Rupee notes.
Top economic story of the week: Stock market and copper soars, gold and silver fall.
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Gold and silver
Gold closed last week at $1304.00 an ounce and closed this week at 1227.60( -5.9%)
Silver closed last week at $18.41 an ounce and closed this week at 17.36 (-5.7%)
The gold and silver ratio ended the week at 70:1
Chart of the week
You Tube Notes to this report
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Here are the stories we wrote, followed or commented on.
November 7 2016
From Smaulgld.com
PEOPLE’S BANK OF CHINA ADDS FOUR TONS OF GOLD TO RESERVES IN OCTOBER
SWISS NATIONAL BANK TRIMS GOLD AND SILVER MINING PORTFOLIO IN THIRD QUARTER
U.S. Mint Sales Update
U.S. Mint reported selling 150,000 American Silver Eagles and 5,500 American Gold Eagles today.
MTD American Silver Eagles sold 370,000 & American Gold Eagles sold 22,000
YTD American Silver Eagles Sold 34,770,500/American Gold Eagles sold 687,500
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
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 1000 American Gold Buffalo coins.
MTD 5,500 sold
YTD 182,000 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 32,900
November 8, 2016
From Smaulgld.com
PERTH MINT GOLD SALES HIT THREE YEAR HIGH IN OCTOBER
INDIAN GOVERNMENT BANS 500 AND 1000 RUPEE NOTES EFFECTIVE ALMOST IMMEDIATELY
Governments can debase their currencies and even unilaterally declare them worthless as India did today. Governments, however, can not declare gold worthless. They may trash talk it, ban it or confiscate it, but they can not unilaterally declare it of no value.
Gold
World Gold Council cuts forecast for India’s demand for gold to lowest in 7 years
also says investment demand up 44%
Indian War on Cash
INDIAN GOVERNMENT BANS 500 AND 1000 RUPEE NOTES EFFECTIVE ALMOST IMMEDIATELY
They can just SAY your notes are worthless
Will push many to gold
Jewelers in Demand as Indians Seek to Dispose Banned Bank Bills
will disrupt cash smuggling of gold
This Diwali, an ATM dispenses gold coins in Bengaluru
Islamic scholars working on gold based products compliant with Sharia law
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U.S. Mint Sales Update
U.S. Mint reported selling 0 American Silver Eagles and 2,000 American Gold Eagles today.
MTD American Silver Eagles sold 370,000 & American Gold Eagles sold 24,000
YTD American Silver Eagles Sold 34,770,500/American Gold Eagles sold 689,500
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
![Buy
] American Silver Eagle Coins](https://i0.wp.com/www.shareasale.com/image/52536/bgasc-silver-eagles-300x250.gif?resize=300%2C250&ssl=1)
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 1000 American Gold Buffalo coins.
MTD 5,500 sold
YTD 182,000 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 32,900
November 9, 2016
From Smaulgld.com
PERTH MINT OCTOBER SILVER SALES TOP ONE MILLION OUNCES
Gold demand bonkers in London after Trump win
Scramble for gold in Gujarat after demonetisation
US Economic Data
Lock her up on NYSE
U.S. Mint Sales Update
U.S. Mint reported selling 275,000 American Silver Eagles and 11,500 American Gold Eagles today.
MTD American Silver Eagles sold 645,000 & American Gold Eagles sold 35,500
YTD American Silver Eagles Sold 35,045,500/American Gold Eagles sold 701,000
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
American Silver Eagle Coins” border=”0″ />
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 0 American Gold Buffalo coins.
MTD 5,500 sold
YTD 182,000 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 32,900
November 10, 2016
From Smaulgld.com
SHANGHAI GOLD EXCHANGE WITHDRAWALS DOWN 13% IN OCTOBER
Gold
Central Banks bought 82 tons of gold in the third quarter
Russia (43.9t), China (15.2t) and Kazakhstan (10t) and Belarus also added 3.1t to their reserves.
US Economic Data
Initial Claims 254K, Exp. 260K
Fed Chatter
*FED’S BULLARD SAYS ELECTION MEANS U.S. WON’T HAVE DIVIDED GOVT.
KOCHERLAKOTA: TRUMP INFRASTRUCTURE PLAN POSITIVE FOR FED, ECONOMY
FED’S BULLARD: SEE SINGLE 25BP HIKE OVER NEXT 2-3 YRS.
U.S. Mint Sales Update
U.S. Mint reported selling 0 American Silver Eagles and 2,000 American Gold Eagles today.
MTD American Silver Eagles sold 645,000 & American Gold Eagles sold 37,500
YTD American Silver Eagles Sold 35,045,500/American Gold Eagles sold 701,000
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
American Silver Eagle Coins” border=”0″ />
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 3000 American Gold Buffalo coins.
MTD 8,500 sold
YTD 186,000 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 32,900
November 11, 2016
US Economic Data
UMICH 91.6, Exp. 87.9
Fed Chatter
U.S. Mint Sales Update
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
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