Gold Silver Ratio Climbs over 7% in April.
World Bank Group & China-led AIIB agree to deepen cooperation.
Silver ETFs Outflows Decline Eight Days in a Row, then Inflows Surge.
China silver imports surge 42 percent in March.
US Mint Sales Slow to a Crawl in April.
Trump Announces 20%+ Tariff on Canadian Lumber.
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Top stories: Trump kicks off inflation with 20% tariff on Canadian lumber; launches investigation into aluminum imports.
Gold and Silver: Gold and silver get his, but silver worse, Gold silver ratio bursts past 73:1
Gold and silver.
Gold closed last week at $1280.90 an ounce and closed this week at $1267.70 -1%
Silver closed last week at $17.90 an ounce and closed this week at $17.16 -4.1%
The gold and silver ratio ended the week at 73.7:1
ALL of the factors that supposedly would act in favor of lowering the gold silver ratio the past five years have existed, but the ratio has risen.
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Tweets of the Week
Are you adequately hedged against your own confirmation bias
Are you adequately hedged against your own confirmation bias?
— Smaulgld (@Smaulgld) April 24, 2017
Markets NEVER counted on Le Pen winning
Markets NEVER believed LePen would win second round, so this is just a self- congratulatory rally https://t.co/sX0RcY9kMu
— Smaulgld (@Smaulgld) April 24, 2017
Trump slaps 20% tariff on Canadian lumber
As discussed in this week's Smaulgld's :
TRUMP SETS UP INFLATION ZONE USA?https://t.co/yOthsG7zEu https://t.co/3SBq2i11ss— Smaulgld (@Smaulgld) April 24, 2017
China and Globalization
China seeks to cement GLOBALIZATION credentials at Silk Road summithttps://t.co/sY1ZqrtAeD @DebraRo91758510 @GlobalProTrader
— Smaulgld (@Smaulgld) April 26, 2017
Indian Gold Sales
Young Indian Women Checking Out the Latest #Gold Monetization Bonds for Akshaya Tritiya https://t.co/g05fKnUWLA
— Smaulgld (@Smaulgld) April 27, 2017
Trump- I am a globalist
TRUMP: 'I'm a nationalist and a globalist. I'm both'… https://t.co/OljAtIAny2
— DRUDGE REPORT (@DRUDGE_REPORT) April 28, 2017
Charts of the Week
Here are the stories we wrote, followed or commented on.
April 24, 2017
From Smaulgld.com
12 Ways Silver Differs From Gold
Per last week’s In case you missed it
Trade Wars Begin: Trump Announces 20% Tariff On Canadian Softwood Lumber Imports
Gold
Shropshire piano gold coin hoard declared treasure
Indian Sovereign Gold bond issue opens, should you invest in them ahead of akshaya tritiya?
Silver
De-dollarization
World Bank Group, China-led AIIB agree to deepen cooperation
U.S. Mint Sales Update
U.S. Mint reported selling 235,000 American Silver Eagles and 500 American Gold Eagles today.
MTD American Silver Eagles sold 835,000 & American Gold Eagles sold 3,000
YTD American Silver Eagles sold 8,792,500/American Gold Eagles sold 126,500
The U.S. Mint reported selling 500 American Gold Buffalo coins.
MTD 3,000 sold
YTD 58,500 sold
The U.S. Mint sold 300 of the first America the Beautiful Coin of 2017 today – the Effigy Mounds National Monument coin. YTD Effigy Mounds ATB coins 20,600. The US Mint also sold 1,400 Frederick Douglas National Historical Site ATB coins.
Total YTD ATB coin sales 20,300 Effigy Mounds National Monument coin and 17,600 Frederick Douglas National Historical Site ATB coins. Total 38,200
Click to Buy The Effigy Mounds Five Ounce America The Beautiful Coin
April 25, 2017
Gold
Indian Finance Ministry in favour of fixing GST rate on gold at 3%, not keen to cut import duty as of now
Why India needs a bullion bank
China’s net-gold imports via Hong Kong more than doubles in March
Fed Chatter
US Economic Data
New Home Sales 621K, Exp. 583K
Richmond Fed 20, Exp. 16
Conference Board Consumer Confidence 120.3, Exp. 124
Case-Shiller 20 City Composite NSA 5.9%, Exp. 5.7%, Last 5.7%
April 26, 2017
From Smaulgld.com
Silver
ETF bargain hunters load up on Silver ETF shares
Russia elbows Saudi Arabia aside as China’s top crude oil supplier in March
Trump agrees not to terminate NAFTA treaty ‘at this time,’ will attempt renegotiation: White House
April 27, 2017
From Smaulgld.com
Gold
Chinese Gold Consumption up 14.73% in first quarter as production drops 9.29%
Gold sales expected to grow 30 pc this Akshaya Tritiya
Will China Force the Saudis to Dump the Dollar?
New Indian Mobile App Aims To Turn Gold Into Currency
ECB
ECB keeps interest rates at 0%/guidance unchanged
US Economic Data
Durable Goods 0.7%, Exp. 1.2%
Durable Goods orders ex defense and air 0.2%, Exp. 0.5%, Last 0.1%
Initial Jobless Claims 257K
March advance trade balance $ -64.8BN, Exp. -$65.5BN
Fed Chatter
April 28, 2017
From Smaulgld.com
GAME OVER THEORY – ARE YOU HEDGED AGAINST YOUR OWN CONFIRMATION BIAS?
US Economic Data
Q1 GDP 0.7%, Exp. 1.0%
1st Quarter Luxury goods,watches, leather bags, Cognac surge
as main street spending plunges
UMich 97, Exp. 98, Last 96.9
US Univ. of Michigan Consumer Sentiment Apr F: 97.0 (est 98.0; prev 98.0)
April 30, 2017
PHYSICAL GOLD OWNERSHIP VS. GOLD ETFS
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April 21, 2017
Fed Chatter
FISCHER: “THINGS HAVE SLOWED DOWN RELATIVE TO EXPECTATIONS”, “WE ARE NOT TIED TO 3 RATE HIKES”
US Economic Data
Existing Home Sales 5.71MM, Exp. 5.6MM
US Mfg PMI 52.8, Exp. 53.8
US Services PMI 52.5, Exp. 53.2
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—————————————
Poor sales continue…
U.S. Mint reported selling 75,000 American Silver Eagles and 0 American Gold Eagles today.
MTD American Silver Eagles sold 330,000 & American Gold Eagles sold 1,500
YTD American Silver Eagles Sold 8,287,500/American Gold Eagles sold 125,000
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
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 20,300. The US Mint also sold 2,000 Frederick Douglas National Historical Site ATB coins.
Total YTD ATB coin sales 20,300 Effigy Mounds National Monument coin and 9,700 Frederick Douglas National Historical Site ATB coins. Total 32,000
Click to Buy The Effigy Mounds Five Ounce America The Beautiful Coin
The U.S. Mint reported selling 0 one ounce American Platinum Eagle coins.
YTD 20,000
The U.S. Mint reported selling 1,000American Gold Buffalo coins.
MTD 1,000 sold
YTD 56,500 sold
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
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U.S. Mint Sales Update
U.S. Mint reported selling 50,000 American Silver Eagles and 500 American Gold Eagles today.
MTD American Silver Eagles sold 380,000 & American Gold Eagles sold 1,500
YTD American Silver Eagles sold 8,337,500/American Gold Eagles sold 125,000
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
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 20,300. The US Mint also sold 2,300 Frederick Douglas National Historical Site ATB coins.
Total YTD ATB coin sales 20,300 Effigy Mounds National Monument coin and 12,000 Frederick Douglas National Historical Site ATB coins. Total 32,300
Click to Buy The Effigy Mounds Five Ounce America The Beautiful Coin
The U.S. Mint reported selling 0 one ounce American Platinum Eagle coins.
YTD 20,000
The U.S. Mint reported selling 500American Gold Buffalo coins.
MTD 1,500 sold
YTD 57,000 sold
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
—————————————–
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