Hillary Hacks and Fed Launches Another Interest Rate Yack Attack.
Fed Presidents Talk Up Rate Hikes, Dollar.Top Gold And Silver Stories from the week ended September 10, 2016.
The top story of the week: Presidential Campaign Hillary Clinton’s hack attack & “basket of deplorables” line.
.@hale_razor looks like they are all having such fawn
— Smaulgld (@Smaulgld) September 6, 2016
Top economic story of the week: the Fed rejecting bad incoming economic data and insisting rate hikes are on the table in September.
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Gold and silver
Gold closed last week at $1324.80 and closed this week at $1327.80. (+0.2%)
Silver closed last week at $19.42 closed this week at $19.03 (-2.0%)
The gold and silver ratio ended the week at 68.22 to 1
Charts of the Week
JPM silver
Eligible silver in the COMEX approved vaults is at a ten year high.
JP Morgan’s COMEX approved vault holds more than half of all COMEX eligible silver.[caption]
You Tube Notes to this report
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Here are the stories we wrote, followed or commented on.
September 5, 2016
From Smaulgld.com
GOLD AND SILVER CONFISCATION? – SMAULGLD PODCAST ON KENNEDY FINANCIAL
Gold
Russia may become world’s leading gold producer by 2020
Rusia Gold Mines attract Chinese investment
Crackdown on Illegal Gold Mining
Illegal gold panners held on Sultans land in Malaysia
Ivory Coast cocoa farmers seek gold in face of drought
Buy gold, not gold ETFs or gold bonds
Central Banks
WSJ
Equities could get a boost if Central Banks start buying
Silver
September 6, 2016
From Smaulgld.com
INDIAN GOLD IMPORTS DOWN 60% THROUGH AUGUST
Indian Monthly Gold Imports 2014 – 2016
While Indian gold imports rose month over month in August, they are down significantly from last year.
Central Banks
Trump- Fed has created a false economy
Central Banks Are Expected to Save the World and Make Government Money
US Economic Data
ISM non-mfg 51.4, Exp. 55.0, Last 55.5
U.S. Mint Sales Update
U.S. Mint reported selling 0 American Silver Eaglesand 1,500 American Gold Eagles today.
MTD American Silver Eagles sold 140,000 & American Gold Eagles sold 6,500
YTD American Silver Eagles Sold 29,040,500 /American Gold Eagles sold 492,500
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 1,500 American Gold Buffalo coins.
MTD 2,500 sold
YTD 132,500 sold
The U.S. Mint Reported selling no Harpers Ferry National Historical Park five ounce silver America The Beautiful Coins and 1,000 Theodore Roosevelt National Park ATB coins.
YTD Sales of Harpers Ferry coins – 36,100
YTD Sales of Theodore Roosevelt National Park 28,500
September 7, 2016
From Smaulgld.com
PERTH MINT SILVER SALES CRASH IN AUGUST
Perth Mint Silver Sales August 2015 – August 2016
The Perth Mint sold 376,467 ounces of silver in August 2016, down 89% from the peak in September 2015.
The Perth Mint Silver Kangaroo.
Buy Perth Mint Silver Kangaroo coins from JM Bullion
PEOPLE’S BANK OF CHINA ADDS FIVE TONS OF GOLD TO RESERVES IN AUGUST
People’s Bank of China Gold Reserves 2009-2016
The People’s Bank of China added almost 5 tonnes of gold to reserves in August.*
*many suspect that “China” has under reported its gold reserves. See ““The Case of China’s Missing Gold“ and “China’s President Confirms Practice Of Moving Official Reserve Assets To Other Entities In China.”
PERTH MINT GOLD SALES SLIDE 53% IN AUGUST
Why Are Physical Gold and Silver Sales Falling?
Gold
Large gold nugget found in California Gold Country
Michigan Grants First Gold Mine Approval in Decades
Platinum
Platinum’s Discount to Gold Lures Japanese Jewelry Lovers
Fed Chatter
SF President Williams
US Economy in good shape wants rate hikes “An increase is on the table”
Fed’s Lacker- Case for Rate Hike is strong in September
Goldman reduces expectations of September U.S. rate hike
US Economic Data
U.S. Probably Added 150,000 Fewer Jobs in Year Through March
The U.S. job market probably was a little less robust … even as the economy approaches full employment.
JOLTS report shows record job openings
U.S. Mint Sales Update
U.S. Mint reported selling 170,000 American Silver Eaglesand 3,000 American Gold Eagles today.
MTD American Silver Eagles sold 310,000 & American Gold Eagles sold 9,500
YTD American Silver Eagles Sold 29,210,500 /American Gold Eagles sold 495,500
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 3,500 sold
YTD 133,500 sold
The U.S. Mint Reported selling no Harpers Ferry National Historical Park five ounce silver America The Beautiful Coins and 500 Theodore Roosevelt National Park ATB coins.
YTD Sales of Harpers Ferry coins – 36,100
YTD Sales of Theodore Roosevelt National Park 29,500
September 8, 2016
From Smaulgld.com
Fed chatter
Fed Wants To Bar Banks From Owning Physical Commodities, Equities
…because they want to buy them?
Central Banks
Euro jumps as ECB keeps rates on hold and bond buying to continue until March 2017… or beyond
Gold
Propspector finds iphone sized gold nugget
Matthew McConaughey in new movie ‘Gold’ trailer
Gold Rush to return for season seven
Silver
Indian Silver import declines by half in 2016 as traders offload old stock
Mexico
US Economic Data
Initial Claims 259K, Exp. 265K
Reuters ” pointing to sustained labor market strength”
Consumer Credit Rises $18 Billion; Student Loans Rise to $2.4 Trillion
U.S. Mint Sales Update
U.S. Mint reported selling 0 American Silver Eaglesand 8,000 American Gold Eagles today.
MTD American Silver Eagles sold 310,000 & American Gold Eagles sold 17,500
YTD American Silver Eagles Sold 29,210,500 /American Gold Eagles sold 503,500
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 4,500 sold
YTD 134,500 sold
The U.S. Mint Reported selling no Harpers Ferry National Historical Park five ounce silver America The Beautiful Coins and (-500!) Theodore Roosevelt National Park ATB coins.
YTD Sales of Harpers Ferry coins – 36,100
YTD Sales of Theodore Roosevelt National Park (29,000)
September 9, 2016
From Smaulgld.com
SHANGHAI GOLD EXCHANGE WITHDRAWALS FALL 46% IN AUGUST
Shanghai Gold Exchange Withdrawals Year To Data vs. Prior Years
Through August 2016, SGE withdrawals were 1236 tonnes, or 29% lower than 1729 metric tons withdrawn through August 2015.
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
CAN ANYONE PREDICT THE PRICE OF GOLD?
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Fed Chatter
Fed is pulling off a massive yack attack- PAY ATTENTION TO US NOT THE DATA
Boston Fed President backs gradual rate hikes, doesn’t commit to timing asset price inflation/”risk of economy overheating“!
market drops SO
Fed Gov. Daniel Tarullo: I want to see more evidence of inflation before rate hike but possible to raise rates this year- CPI PPI up next week Tomorrow and tomorrow and tomorrow
September Fed meeting is a LIVE meeting CNBC covers the confusion
Next week Lockhart (of the 3.5% third quarter GDP), Brainard and Kashkari speak
.@MarcoMNYC NO Fed member wants to "normalize" rates-they want their lame 1/4 pt credibility hike so they can launch grander schemes later
— Smaulgld (@Smaulgld) September 9, 2016
Gold
Cash and #Gold The Currency Of Terrorists? https://t.co/4uAGRUJNAI
— Smaulgld (@Smaulgld) September 9, 2016
U.S. Mint Sales Update
U.S. Mint reported selling 0 American Silver Eaglesand 2,000 American Gold Eagles today.
MTD American Silver Eagles sold 310,000 & American Gold Eagles sold 17,500
YTD American Silver Eagles Sold 29,210,500 /American Gold Eagles sold 505,500
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 134,500 sold
The U.S. Mint Reported selling no Harpers Ferry National Historical Park five ounce silver America The Beautiful Coins and (-500!) Theodore Roosevelt National Park ATB coins.
YTD Sales of Harpers Ferry coins – 36,100
YTD Sales of Theodore Roosevelt National Park (29,000)
September 10, 2016
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