Fed Raises Rates for Second Time Since Donald Trump Elected President.
People’s Bank of China ALSO Raises Rates- no “Currency Wars”.
Gold and Silver Rebound After Rate Hike.
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Top stories: Rachel Maddow releases Donald Trump’s tax returns. Trump’s second travel ban struck down again by 9th Circuit Judge in Hawaii, citing Anderson Cooper interview and no legal basis.
Top economic story of the week: Fed raises rates as does People’ Bank of China, a seemingly calibrated move hinted at during the G-20 summit a year ago.
Janet Yellen can’t explain why the Fed is raising rates eight years in to a “recovery” when the Atlanta Fed is showing scant 0.9% GDP growth in their first quarter 2017 projections. Ms. Yellen calls near real time data “noisy” but insists on her listeners believe that her own year and two year projects are “solid”.
Watch Yellen Ramble On:
https://m.youtube.com/watch?v=kRu5vEvZ7f8&ebc=ANyPxKpGscW2aW9EBYSvKCrr1daF6KO1bnxYe1uiRIU1ld8S6eXgdc6PLh18awQmCHi1rsRWBz4YCCIGtFBmKaHzMMchxuzY7g
Gold and silver.
Gold closed last week at $1204.50 an ounce and closed this week at $1228.80 + 2.0%
Silver closed last week at $17.01 an ounce and closed this week at $17.37 +2.1%
The gold and silver ratio ended the week at 70.74:1
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Tweet of the Week
Idaho just made #Gold & #Silver tax exempt.
Ignorance and arrogance are also exempt from taxation. pic.twitter.com/eWmMJNQM8F
— James Anderson (@jameshenryand) March 17, 2017
Here are the stories we wrote, followed or commented on.
March 12, 2017
Gold
Texas lawmaker: It’s time to protect gold depository, reduce precious-metal taxes
March 13, 2017
From Smaulgld.com
INDIAN GOLD DEMAND & IMPORTS BOUNCING BACK
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March 14, 2017
From Smaulgld.com
PERTH MINT GOLD SALES FEBRUARY DROP 32%
US Economic Data
PPI Feb. 0.3%, Exp. 0.1%, up 2.2% Y/Y, Exp. 1.9%
March 15, 2017
From Smaulgld.com
SHANGHAI GOLD EXCHANGE FEBRUARY WITHDRAWALS HIGHEST ON RECORD
Gold
Fed Raises Rates
China, raises short-term rates
BOJ Leaves Policy Unchanged
US Economic Data
Business Inventories: 0.3%, Exp. 0.3%
Empire Fed 16.4, Exp. 15
CPI Feb 2.7% Y/Y, Exp. 2.7%
Retail Sales 0.1%, Exp. 0.1%
MBA Mortgage Applications 3.1% vs 3.3% Last
Purchases 2.4%, vs 1.7% last
Refis 4.1%, vs 5.2% last
Atlanta GDP Now 1st quarter estimate reduced to 0.9%
U.S. Mint Sales Update
U.S. Mint reported selling 220,000 American Silver Eagles and 2,500 American Gold Eagles today.
MTD American Silver Eagles sold 500,000 & American Gold Eagles sold 6,000
YTD American Silver Eagles Sold 6,842,500/American Gold Eagles sold 113,500
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
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The U.S. Mint sold 0 of the first America the Beautiful Coin of 2017 today – the Effigy Mounds National Monument coin. YTD ATB coins 19,500.
The U.S. Mint reported selling 0 one ounce American Platinum Eagle coins.
YTD 20,000
The U.S. Mint reported selling 0American Gold Buffalo coins.
MTD 0 sold
YTD 49,000 sold
You can compare American Gold Buffalo coins for sale at these websites:
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Golden Eagle Coins
JM Bullion
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Compare Pricing and Shipping on 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
JM Bullion
Money Metals Exchange
You can compare American Gold Buffalo coins for sale at these websites:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
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March 16, 2017
Smaulgld.com
Bank of England holds BankRate at 0.25%, maintains government bond purchases at £435bn and corporate bond purchases at £10bn.
SNB keeps Record-Low Rates
Gold
Piano gold hoard is ‘life-changing’ sovereign stockpile
Police recover 195 ancient gold coins from Tonk in 3 month
US Economic Data
Philly Fed 32.8, Last 43.3
Housing Starts 1288K, Exp. 1264K
Housing Permits 1213K, Exp. 1268K
Compare Pricing and Shipping on American Gold Eagle Coins
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
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Golden Eagle Coins
JM Bullion
Money Metals Exchange
You can compare American Gold Buffalo coins for sale at these websites:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
March 17, 2017
US Economic Data
Industrial Production Feb. 0.0%, Exp. 0.2%
Consumer sentiment hits 97.6 in March, vs. 97 estimate
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
March 18, 2017
From Smaulgld.com
PERTH MINT SILVER SALES SLUMP IN FEBRUARY
You can compare American Gold Buffalo coins for sale at these websites:
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Golden Eagle Coins
JM Bullion
Money Metals Exchange
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