Hillary Hacks & The Fed Yacks – ICYMI – Week Ended 9/10/16

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.

Buy Canadian Silver Maple Leaf Coins

The top story of the week: Presidential Campaign Hillary Clinton’s hack attack & “basket of deplorables” line.

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

gold-silver-ratio-september-9-2016

Charts of the Week

JPM silver

comex-silver-eligible-sept-9-2016

Eligible silver in the COMEX approved vaults is at a ten year high.

jpmorgan-eligible-silver-september-9-2016

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

China joins the SDR

Gold

Russia may become world’s leading gold producer by 2020

Rusia Gold Mines attract Chinese investment

Crackdown on Illegal Gold Mining

In New Zealand

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

Silver Miners in Epic Year

September 6, 2016

From Smaulgld.com

INDIAN GOLD IMPORTS DOWN 60% THROUGH AUGUST

Indian Monthly Gold Imports 2014 – 2016

indian monthyly gold imports 2014 - 2016 through august

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

perth mint silver sales 2015-2016 august

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.

perth mint silver kangaroo coins

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

People's bank of china Gold reserves 2009 -2016 through august

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

The Gold Apple Watch is dead

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

Mexico Considering Ripping Up 1848 Agreement That Transferred Half Its Territory to US, If Trump Wins Election

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

shanghai-gold-exchange-withdrawals-through-august-2008-2016

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

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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

Gold

Gold for shaving

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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