Gold and Silver Smashed All Week During Chinese Holiday- ICYMI Week Ended 10/8/2016 – Podcast

While the Shanghai Gold Exchange Was Closed All Week, Gold and Silver Took a Dive.

Gold and silver down 4.4% and 8.6%, respectively during the week.

Gold and silver sales at the U.S. and Perth Mints ratchet higher in September/first week of October

Top Gold And Silver Stories from the week ended October 8, 2016.

The Lowest Cost. Period.

Buy Canadian Silver Maple Leaf Coins

The top story of the week: The Clinton Trump Matchup

Wikileak issued a statement from Hillary about wanting to drone Assange, a Donald Trump explicit audio tape released and Wikileaks released partial transcripts of Hillary Clinton’s Goldman Sachs speeches.

Top economic stories of the week: Gold and silver take nose dives during the week long Chinese holiday.

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Gold and silver

Gold closed last week at $1315.80 and closed this week at $1257.60 ( -4.4%)

Silver closed last week at $19.15 closed this week at $17.53 (-8.6%)

The gold and silver ratio ended the week at 71.78: 1

gold-silver-ratio-october-7-2016

Chart of the Week

silk-road-annual-gold-demand-2016-september

Shanghai Gold Exchange Withdrawals, Russian Gold Reserves, Indian Gold Imports and Turkish Gold Imports

You Tube Notes to this report

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

September 30, 2016

Larry Summers talking about “sustained governement purchases of stocks”

October 2, 2016

From Smaulgld.com

SEPTEMBER AMERICAN SILVER EAGLE SALES LOWEST SINCE 2007 -PODCAST

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Money Metals Exchange

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October 3, 2016

From Smaulgld.com

AMERICAN GOLD EAGLE SALES ACCELERATE IN SEPTEMBER – PODCAST

one-ounce-american-gold-eagle-sales-by-month-in-2016

GOLD PRICED IN WORLD CURRENCIES – THIRD QUARTER 2016

INDIAN GOLD IMPORTS FALL FOR EIGHT MONTH IN A ROW

indian-gold-imports-2008-2016-september

AMERICAN GOLD BUFFALO SALES RISE 94% IN SEPTEMBER

american-gold-buffalo-coin-sales-in-september-2006-2016

The U.S. Mint sold 17,500 American gold buffalo coins in August.

De-Dollarization

Chinese Yuan joins the SDR

The Great Russian Chinese Alliance is Here

Dollar as a percentage of reserves

‘US dollar flawed… Eventually we will all be using Chinese yuan’ – Jim Rogers

U.S. Economic Data

US Aug Construction Spending -0.7%, Exp. 0.3%,
July revised to -0.3% from 0.0%.

US ISM Mfg 51.5, Exp. 50.3, Last 49.4
Markit US Mfg PMI 51.5, Exp. 51.4

Atlanta Fed -as we said last week

Lowers third Quarter GDP estimate to 2.2% (was 3.8%)

Fed Chatter

Dudley advises caution in raising rates

MESTER: STILL THINK US ECONOMIC GROWTH WILL SEE REBOUND IN 2H case would “remain compelling” to back a rate hike at the next policy meeting, on Nov. 1-2, were the economic data to come in largely as she expects.

Gold

Indian Gold Imports Drop for ninth straight month

Guard Messes Up, Thieves Steal $1.5 Million in Gold

U.S. Mint Sales Update

U.S. Mint reported selling 185,000 American Silver Eagles and 4,500 American Gold Eagles today.

MTD American Silver Eagles sold 185,000 & American Gold Eagles sold 4,500
YTD American Silver Eagles Sold 30,760,500 /American Gold Eagles sold 569,500

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 1,000 American Gold Buffalo coins.

MTD 1,000 sold

YTD 150,000 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 29,500

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

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October 4 2016

From Smaulgld.com

HERE COMES THE YELLEN CALL OPTION – PODCAST

Fed Chatter

Arm Chair Hawk
Richmond Fed President says rates need to go higher- would have voted for an increase in September

U.S. Mint Sales Update

U.S. Mint reported selling 345,000 American Silver Eagles and 4,000 American Gold Eagles today.

MTD American Silver Eagles sold 530,000 & American Gold Eagles sold 8,500
YTD American Silver Eagles Sold 31,105,500 /American Gold Eagles sold 573,500

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 1,000 American Gold Buffalo coins.

MTD 2,000 sold

YTD 151,000 sold

The U.S. Mint Reported selling 1,000 Theodore Roosevelt National Park five ounce silver America The Beautiful Coins.

YTD Sales of Theodore Roosevelt National Park 30,500

October 5, 2016

From Smaulgld.com

PERTH MINT SILVER SALES REBOUND IN SEPTEMBER

perth-mint-silver-sales-september-2015-2016

The Perth Mint sold 1,031,858 ounces of silver in September 2016, down 71% from September 2015 sales of 3,530,000.

2017-rooster-from-jm-bullion

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US Economic Data

August Trade Deficit -$40.7Bn, Exp. -$39.3Bn, Last -$39.6Bn

US Trade deficit widen in August

ADP 154K, Exp. 165K ADP Manufacturing jobs: -6,000

ADP- 154,000 private sector jobs added in September

Non-mfg ISM 57.1, Exp. 53.0

Factory Orders Decline For 22nd Straight Month

Gold

China leads the world in gold consumption and production

Deutsche Bank says Gold is 25% overvalued cites “global growth!

But “Top forecaster” says gold to snap back cites “political risk”

Lower prices boost physical buying in England and India (and the US)

World Gold Council Market Update: Gold Price drop likely to spur demand

Silver

Manipulation Lawsuit Against Gold-Fixing Banks Ordered To Proceed

UBS is dismissed in U.S. silver lawsuit, other claims narrowed

Credit Suisse to pay $90 million fine and admit wrong doing

IMF blames Brexit/US Election for slow growth

ECB concerned about negative interest rates impact on lenders

Fed Chatter
Weak US Growth has created income gaps!

US Mint Sales Update

U.S. Mint reported selling 500,000 American Silver Eagles and 11,000 American Gold Eagles today.

MTD American Silver Eagles sold 1,030,000 & American Gold Eagles sold 19,500
YTD American Silver Eagles Sold 31,605,500 /American Gold Eagles sold 584,500

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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 2,500 American Gold Buffalo coins.

MTD 4,500 sold

YTD 152,500 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 30,500

October 6, 2016

Gold

Gold is the ultimate ‘anti-bubble’ amid falling bond yields, strategist says

Monetary supercycle’ demise could add $1,000s to gold price

Gold prices sinking. Bad sign for Donald Trump?

CNN Money: “Trump’s momentum has started to fade”
CNN’s bias extends even to their financial reporting

China’s Gold and Silver Markets Closed This Week

#Gold Down $75 (-5.6%)
#Silver Down $2.37 (-12.1%)

US Economic Data

Initial Claims 249K, Exp. 256K, Last 255K

US CHALLENGER: SEPT LAYOFF INTENTIONS 44,324 V AUG 32,188 -Up 38%

US Mint Sales Update

U.S. Mint reported selling 325,000 American Silver Eagles and 3,000 American Gold Eagles today.

MTD American Silver Eagles sold 1,355,000 & American Gold Eagles sold 22,500
YTD American Silver Eagles Sold 31,930,500 /American Gold Eagles sold 587,500

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 4,500 sold

YTD 152,500 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 30,500

October 7, 2016

British Pound pounded in flash crash

US Economic Data

Non Farm Payroll
September Payrolls 156K,, Exp. 175K
Unemployment rate rises to 5.0%
July revised down from +275K to +252K
August revised up from +151K to +167K

Reuters: the labor market may have more room to run

Healthcare +33K
Waiters and Bartenders: +30K
Retail trade: +22K

US AUG WHOLESALE INV -0.2%; JUL INV REV TO -0.1% (PRV UNCH)
US AUG WHOLESALE SALES +0.7%,DURABLES -0.5%, NONDURABLES +2.0%

Fed Chatter

Fed’s Mester says September jobs report was ‘solid’

Fed’s Fischer says jobs number close to “Goldilocks ideal”

Justifiying their crappy engineered economy the way a parent justifies their kid’s “D”

Buying equities will be because they believe the market is undervalued!

Gold

Goldman Sachs sees buying opportunity if gold falls below $1250

Deutsche Bank wins “RMB House of the Year” award

US Mint Sales Update

U.S. Mint reported selling 50,000 American Silver Eagles and 19,500 American Gold Eagles today.

MTD American Silver Eagles sold 1,405,000 & American Gold Eagles sold 42,000
YTD American Silver Eagles Sold 31,980,500 /American Gold Eagles sold 607,000

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 8,000 sold

YTD 156,000 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 30,500

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CENTRAL BANKS SEEK GREATER CONTROL OF MARKETS AFTER LOSING CONTROL OF THE ECONOMY -SMAULGLD ON FUTURE MONEY TRENDS

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