Fed President: Gold Irrelevant to Monetary Policy

San Francisco Fed President John Williams Tells High School Students Dollar is King.

Renewed Treasury Buying By the Chinese and Russians.

Platinum deficit projected by World Platinum Investment Council.

Deutsche Bank charged with being an international criminal organization.

COMEX Bitcoin futures market might be coming soon.

One Belt and Road update.

Former FBI Director James Comey at center of attention again.

The Lowest Cost. Period.

Buy Canadian Silver Maple Leaf Coins

Check out all the Smaulgld podcasts here.

Not a Smaulgld subscriber? Sign up here.

Donate To Smaulgld.com via paypal

Top stories: A three month old Comey memo surfaced last week and was read by a Comey associate over the phone to the New York Times who then published it. The memo supposedly reveals that Donald Trump tried to dissuade Comey from pursing the Russian case, which could be viewed as obstruction of justice.

Issues: No one has seen the memo, (hearsay) or knows the identity of the “Comey associate, or the context in which the supposed conversation took place and it’s three months old!

18 U.S. Code § 4 – Misprision of felony

Whoever, having knowledge of the actual commission of a felony cognizable by a court of the United States, conceals and does not as soon as possible make known the same to some judge or other person in civil or military authority under the United States, shall be fined under this title or imprisoned not more than three years, or both.

A Comey associate ALSO had the memo so HE had knowledge of the supposed obstruction of justice and didn’t report it- rather he/she called the NY Times!

Then it was revealed that Comey told Congress in March that the Trump administration did NOT attempt to pressure the FBI to halt the Russia investigation.

Later in the week it was revealed that Trump called Comey a “nut job” on his meeting with the Russians.

Main stream media now talking openly about impeachment.

Gold and silver.

Gold closed last week at $1227.70 an ounce and closed this week at $1255.60 +2.3%

Silver closed last week at $16.44 an ounce and closed this week at $16.83 +2.4%

The gold and silver ratio ended the week at 74.6:1

Gold silver ratio may 19 2017

Donate To Smaulgld.com via paypal

Please consider making a small donation to Smaulgld.com. Thanks!





Sign Up For Smaulgld.com Updates Here!

Donate To Smaulgld.com via paypal

Tweets of the Week

Silver Gets Hit

Petro dollar

Charts of the Week

Buy Gold and Silver - Money Metals Exchange

Here are the stories we wrote, followed or commented on.

May 15, 2017

Platinum

World Platinum Investment Council: Platinum projected to be in deficit.

BGASC.com
SD Bullion
Golden Eagle Coins

Gold firms, platinum surges on China’s renewed infrastructure pledge, North Korean test

PLATINUM SUPPLY AND DEMAND

PLATINUM VS. GOLD PRICE

Belt and Road

Who picks up the Trillion Dollar tab for the Belt and Road?

EU says investment deal with China urgent to support Belt and Road vision

Behind China’s Silk Road vision: cheap funds, heavy debt, growing risk

China to Phase out Cash?

China is following the US path of credit creation, international use of the Yuan to export inflation. They don’t want to crash the US dollar as the US is their number 2 trading partner behind the EU. Belt and Road is NEW business. China’s holdings of US Treasuries have increased since January.

Chinese Treasury Holdings March 2016 - March 2017

Gold

India’s Working With World Gold Council to Create a Spot Exchange

Men who stole $60,000 worth of gold while having a barbecue hit with $5,000 fines

Silver

Demonetization REDUCED silver demand in India

US Economic Data
Empire Fed -1, Exp. 7.5
NAHB Housing Market Index 70, Exp. 68, Last 68

Fed Chatter

May 16, 2017

From Smaulgld.com

THE WORLD’S FIRST RESERVE CURRENCY – PIECES OF EIGHT

Gold

Indian Government Gold Schemes Fail To Attract People

Kalgoorlie man ‘stole’ $200k worth of gold from mine site

Gold shines: on reducing India’s demand for gold

GST Rate to Determine Fate of Indian Gold Trade

Digital gold sales picking up, says Paytm

Silver

Nanowires made from silver are super stretchy

US Economic Data

Industrial Production 1.0%, Exp. 0.4%
Housing Starts 1.172MM, Exp. 1.260MM
Housing Permits 1.229MM, Exp. 1.270MM

Atlanta Fed Latest Q2 forecast:4.1% from 3.6 percent — May 16, 2017

U.S. Mint Sales Update

U.S. Mint reported selling 505,000 American Silver Eagles and 2,500 American Gold Eagles today.

MTD American Silver Eagles sold 1,560,000 & American Gold Eagles sold 5,500
YTD American Silver Eagles sold 10,352,500/American Gold Eagles sold 132,500

Buy American Gold Eagle Coins

The U.S. Mint reported selling 2,000 American Gold Buffalo coins.

MTD 4,000 sold

YTD 63,000 sold

Buy 90 Percent Junk Silver US Coins

The U.S. Mint sold 0 of the first America the Beautiful Coin of 2017 today – the Effigy Mounds National Monument coin. YTD Effigy Mounds ATB coins 21,200. The US Mint sold 0 Frederick Douglas National Historical Site ATB coins.

Total YTD ATB coin sales 21,200 Effigy Mounds National Monument coin and 20,000 Frederick Douglas National Historical Site ATB coins. Total 41,200

Check out ATB mintages

Check out all the Smaulgld podcasts here.

Not a Smaulgld subscriber? Sign up here.

Donate To Smaulgld.com via paypal


Donate To Smaulgld.com via paypal

Sign Up For Smaulgld.com Updates Here!

May 17, 2017

US Economic Data
Initial Claims 232K, Exp. 240K
Philly Fed 38.8, Exp. 18.5

Deutsche Bank Woes Deepen in Monte Paschi Fraud Case

May 18, 2017

Smaulgld.com

WHY DO BULLION DEALERS TRASH NUMISMATICS?

SMAULGLD LAUNCHES SMAULGLD SUBSCRIBERS SOUND OFF SERIES (first three interview)

Two more:

De-Dollarization

Argentina to join AIIB: Argentinean FM

Sri Lanka Charges Ahead

US Economic Data

Gold

Commerzbank to close physical precious metals business – source

Silver

Trump silver rounds from BGASC.com

May 19, 2017

From Smaulgld.com

Gold

Price recovery dampens Asian gold demand

Gold Production in ‘Silver State’ Increases in 2016

Silver

Nanophysics: Saving energy with a spot of silver

Fed Chatter

Fed’s Bullard questions need for June rate hike http://on.mktw.net/2rly13F

BULLARD: FED’S CONTEMPLATED RATE PATH MAY BE OVERLY AGGRESSIVE

BULLARD: FED SHOULD SHRINK BALANCE SHEET TO GAIN POLICY SPACE
Fed’s Williams: Dollar still global king, gold irrelevant to monetary policy

U.S. Mint Sales Update

U.S. Mint reported selling 0 American Silver Eagles and 500 American Gold Eagles today.

MTD American Silver Eagles sold 1,560,000 & American Gold Eagles sold 6,000
YTD American Silver Eagles sold 10,352,500/American Gold Eagles sold 133,000

Buy American Gold Eagle Coins

The U.S. Mint reported selling 500 American Gold Buffalo coins.

MTD 4,500 sold

YTD 63,500 sold

Buy 90 Percent Junk Silver US Coins

The U.S. Mint sold 0 of the first America the Beautiful Coin of 2017 today – the Effigy Mounds National Monument coin. YTD Effigy Mounds ATB coins 21,200. The US Mint sold 0 Frederick Douglas National Historical Site ATB coins.

Total YTD ATB coin sales 21,200 Effigy Mounds National Monument coin and 20,000 Frederick Douglas National Historical Site ATB coins. Total 41,200

Check out ATB mintages

May 20, 2017

From Smaulgld.com

RUSSIAN HOLDINGS OF U.S. TREASURIES SURGE TO 28 MONTH HIGH

Fed Chatter

SF. Fed President John Williams at El Camino High School in South San Francisco:

Fed’s Williams: Dollar still global king, gold irrelevant to monetary policy

“Right now the U.S. economy is doing OK” “economy will rely increasingly on services, not manufacturing. “There’s this idea that somehow we got to get the jobs back to manufacturing”

“Without credit, a modern economy doesn’t work”

Will gold be required for confidence in monetary system? Think Mark Dice videos where he tries to GIVE AWAY a 10 ounce silver bar or sell a one ounce gold coin for 10X less than its worth. If people don’t know the value of gold and silver, how can it give confidence?

Bitcoin

Tax ruling: bitcoin is a commodity.

Bitcoin Comex futures Coming?

Buy 90 Percent Junk Silver US Coins

Donate To Smaulgld.com via paypal


Donate To Smaulgld.com via paypal

Sign Up For Smaulgld.com Updates Here!

Compare American Silver Eagles for sale at:

BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange

Buy American Silver Eagle Coins

Donate To Smaulgld.com via paypal

Buy American Gold Eagle Coins

You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:

BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange

Check out ATB mintages

Buy American Gold Eagle Coins

Buy 90 Percent Junk Silver US Coins

Compare American Silver Eagles for sale at:

BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange

Buy American Silver Eagle Coins
-----------------------------------------

If you have enjoyed this report, please consider sharing it, buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to Smaulgld.com.

Please consider making a small donation to Smaulgld.com. Thanks!





Get Free Updates From Smaulgld.com

Subscribe to Smaulgld.com and get the free "In Case You Missed It" weekly email as well as updates and analysis on gold, silver, real estate and the economy.

Also get the free report "Twelve Key Differences Between Gold and Silver" when you subscribe.






Subscribe to Smaulgld.com to receive free gold and silver updates, news and analysis.

Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.


You can support Smaulgld.com by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the BGASC, Money Metals Exchange, Gold Broker, Golden Eagle Coin, GoldMoney, SD Bullion and Canadian Mint ads on the site.


Browse Silver Coins on Amazon

Buy Silver Austrian Philharmonic Coins

Browse Collectible Coins on Amazon

DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.

Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.

The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.

The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.

Post Navigation