In Case You Missed It – Week Ended December 12, 2015.
Stories from the week ended December 12, 2015.
This week’s major stories involved political changes in the world. Presidential candidate Donald Trump advocated a travel ban on Moselems and his support rose. Socialists were voted out of office in Venezuela. The far right party in France won elections over the socialists and conservatives. Argentina’s new party that recently defeated the socialists, took steps to remove capital controls.
The main economic news was the continued analysis over the strength of the U.S. economy and whether the Fed was ready to raise interest rates next week.
Gold, silver and platinum ended the week down.
Gold closed last week at $1086.30and closed this week at $1074.20
Silver closed last week at $14.55 and closed this week at $13.89
Here are the stories we wrote, followed or commented on last week.
December 5, 2015
Gold and Silver
Shipwreck Treasure found off the coast of Columbia
From Smaulgld.com
American Gold Premiums Rise as US Mint Halts Production
American Gold Eagle premiums rose as the U.S. Mint halted production in November
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
December 6, 2015
Gold
The first of the weeks anti gold stories from CNBC:
India’s CNBC cites low gold demand
European Politics
French Nationalists win elections
South American Politics
New Argentine government looks to abolish capital controls
December 7, 2015
Gold
Daily CNBC Gold Bash: Gold could plunge another $500
CNBC with another gold bash: It’s going to get much worse for gold: Technician
From Smaulgld.com
China announced they had added twenty one tons of gold to its reserves in November– the most since they started monthly reporting of gold reserves earlier this year.
Chinese gold reserves grew by 21 tonnes in November.
United State Politics
Trump calls for ban on Muslim travel into the US
European Politics
National Front wins regional elections in France
South American Politics
Venezuela’s socialists lose elections
December 8, 2015
European Economy
Euro economy grows 0.3% in third quarter
United States Politics
Mark Levin to Obama -Something is seriously wrong with you
Fox analyst calls Obama a pussy
From Smaulgld.com
Silver
America the Beautiful coins- the U.S. Mint’s five ounce silver bullion coin sold out
The U.S. Mint sold out of five ounce America the Beautiful coins in December.
Gold
India to start physical gold exchange
Gold wavers as Fed rate increase looms, China data disappoint Nearly all main stream media gold articles contain the line “gold doesn’t pay interest”
The “gold doesn’t pay interest” meme has been drummed steadily by main stream media all year. It never has – banks now pay the least interest EVER.
The Link between Gold and Terrorism
Gold Miners
Anglo American slashes 85,000 jobs
Oil
Japanese Economy
Japanese GDP expands 1% in third quarter
Buy 2015 American Silver Eagle Coins
December 9, 2015
Mining Industry
Freeport-McMoRan Deepens Cutbacks as Commodity Rout Bites
Gold
Kitco Still good reasons to be bearish on gold
U.S. Mint Sales Report
US Mint Sold 936,500K Silver Eagles today & NO Gold Eagles (production halted)
YTD Silver Eagle Sales 45,786,000 (a record)
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
December 10, 2015
U.S. Economic Data
October whole inventories fell 0.1%; Est +0.2% sales unchanged/Est +0.2%
Initial Jobless claims 282K Exp 269K
U.K. Economy
Bank of England votes 8-1 to keep interest rates at 0.5%
Gold
China to launch yuan gold benchmark in April
De-Dollarization
Economists think Yuan has little chance against the dollar
From Smaulgld.com
The BRICS vs. the West and Japan
December 11, 2015
U.S. Economic Data
Retail Sales 0.2%, Exp. 0.3%
PPI +0.3% Exp -0.1
Core PPI +0.3% Exp -0.1
De-Dollarization
China to link Yuan to Basket of Currencies not the dollar
Reuters cheerleading the U.S. Economy
“overshadowed solid data on U.S. retail sales”
“U.S. consumers showed some muscle in November suggesting enough momentum in the economy for the Federal Reserve to raise interest rates next week”
YET- that “muscle” was expended in higher healthcare cost spending
Here is what the "strong US consumer" spent money on pic.twitter.com/g2fmCLzSNK
— zerohedge (@zerohedge) December 11, 2015
From Smaulgld.com
Gold
Shanghai Gold Exchange Withdrawals Week Ended December 3, 2015
Gold Repatriaton
Austria continued its gold repatriation announcing another fifteen tons had been repatriated
Austria Repatriates 15 Tons of Gold
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