In Case You Missed It – Week Ended January 16, 2016

In Case You Missed It – Week Ended January 16, 2016.

Stories from the week ended January 16, 2016.

Buy American Gold Buffalo Coins

Terror attacks struck Turkey, Indonesia and Burkina Faso and the global markets werer in turmoil.

The crashing global stock markets led to many wall street observers to change their stance on future rate hikes. Instead of more rate hikes, some suggest that the Fed could hold off on rate hikes, cut rates or even implement negative interest rates.

The basis for our prediction that the Fed would raise rates was to ensure continued demand for U.S. Treasury bonds. The Fed’s win-win scenario to raise rates meant higher rates would attract more investment and if a rate hike crashed the markets, demand for treasuries would increase on “safe haven buying” which would in turn lower rates. That is exactly what is happening as bloomberg reported last week.

Gold and silver

Gold closed last week at $1104.60 and closed this week at $1088.80

Silver closed last week at $13.93 and closed this week at $13.91

The gold and silver ratio is approaching 80:1

The Lowest Cost. Period.

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

WE Missed it!

From the week ended January 9, 2015:


Barber dime sells for $2 million at auction


Gold helps make computer touchscreens more sensitive

January 9, 2016


U.S. Flies B-52 bombers over South Korea after North Korean nuclear test.



We noted a drop in August and September U.S. silver mining production from comparable months last year, did not reflect a significant downward trend in U.S. silver mining production. (that trend occurred long ago)

Peak Silver has Not Arrived in the United States

U.S. silver mining production 2010 -2015

U.S. silver mining production 2010 -2015 has been fairly consistent.

1/10 Oz Canadian Maple Leaf Gold Coins

January 10, 2016

Economic Cheerleading

Reuters and Bloomberg provided these two observations:

Reuters declares a “profit recession” but says the economy is doing well. Reuters New Economics?: How an economy can be deemed to be doing well, even if its companies’ profits are declining.

Bloomberg asserts As China Dumps Treasuries, World Sees No Better Place for Refuge


China sets limits on buying of US dollars



While U.S. and Canadian Silver Mining output have remained fairly constant the past ten years, surging demand for American Silver Eagles and Canadian Silver Maple Leaf coins has exceeded mining output.

U.S. Silver Mining Production Does Not Cover American Silver Eagle Demand

us silver mining production vs. silver eagle demand 2010 2015

U.S. silver mining production vs. American Silver Eagle demand.

Canadian Silver Mining Production Does Not Cover Canadian Silver Eagle Demand

Canadian silver mining production vs silver maple leaf coin demand 2010-2014

Canadian silver mining production vs. Canadian Silver Maples Leaf coin demand 2010-2014

Gold and Silver

Path to Making Gold and Silver Currency


Indian Gold demand to fall 15% as rural buying slumps over poor kharif season

Buy 2015 American Silver Eagle Coins

January 11, 20165

Fed Chatter

Atlanta Fed President: probably not enough data for a March rate hike

Government Intervention

China Said to Create New Office Coordinating Finance and Economy


£77,000 worth of gold Found hidden on Air India flight

Dubai gold futures market posts record trading volumes

Mining Companies Fight for Survival

Wall Streeet Journal: Investors fleeing market turmoil head for gold


Fed Vice Chairman Stanley Fischer can’t identify an American Silver Eagle coin

US Mint allocates four million American Silver Eagles for the first weekly allocation of 2016- 4X more than normal


Gold and Silver

Perth Mint 2015 Gold and Silver Sales

Perth Mint Silver sales in 2015 mostly Kangaroos

Silver sales soared at the Perth Mint in 2015.

Market Manipulation

Britain begins first Euribor rate-rigging case

U.S. Mint Sales Update

US Mint sold 2,756,500 American Silver Eagles today and 41,500 one ounce American Gold Eagles

JP Morgan says sell stocks on the bounces

January 12, 2016



Strong Sales of American Silver Eagles on first Day of January top entire January sales for each of 1987-2009.

American silver eagle sales in january 1987-2016

First day sales of American Silver Eagle were higher than most January entire month sales.

Despite dropping silver prices many, North American primary silver producers hit record output in 2015.


Gold sales at the U.S. Mint open strongly

american gold buffalo sales in January 2006-2016

January sales of American gold buffalo coins in the first two days of January 2016 were strong.


Turkish blast kills ten in tourist area

U.S. Mint Sales Update

US Mint sold 389,000 American Silver Eagles & 6,000 American Gold Eagles today.
YTD American Silver Eagles: sold 3,146,000; American Gold Eagles: sold 47,500


BP to cut 4,000 jobs

Royal Bank of Scotland cries: Sell Everything!


Investors on Gold ETF Buying Spree Amid Global Stock

India’s Gold Monetization Scheme

India to launch second tranche of gold monetization scheme

UK Economic Data

UK Industrial and Manufacuring Production fall in November


WSJ: Bankrupcies could sink 1/3 of shale oil companies

As we noted last week, we spotted the potential for lower oil prices and bankruptcy of shale oil companies and financial difficulties for their lenders over a year ago as did Mitch Feierstein of Planet Ponzi.

Audit the Fed

Senate rejects Rand Paul’s ‘Audit the Fed’ legislation


Iran Takes Ten Hostages: CNN Host Presses WH Press Secretary Why U.S. Should Relieve Sanction on Iran?


Swiss National Bank says deflation, good, necessary

1/10 Oz American Gold Eagle Coins

January 13, 2016


We published the follow up to “The Decline and Fall of the First Silver Empire

The Last Silver Empire?

silver content of the roman denarius 15 bc to 272 ad

The decline in silver content of the Roman Denarius paralleled the decline of the Roman Empire.


China’s trade surplus up 56.7% in 2015 but overall trade down exports 1.8% down, imports 13.2% down

JP Morgan on Oil Exposure

Jamie Dimon pops off on oil


Russia takes steps to price oil in Rubles instead of dollars

Fed Chatter

Boston Fed President Eric Rosengren says Fed may slow pace of rate hikes

Chicago Fed President says four rate hikes in 2016 would be too much

From Russia:

Russia declares it is among the top 10 countries with the lowest debt and highest gold and foreign currency reserves


World Gold Council:Global Gold jewelry demand down 14% in 2015

US Mint Sales Update

US Mint sold 345 000 American Silver Eagles & 3,000 one ounce American Gold Eagles today.
YTD American Silver Eagles Sold 3.5M/American Gold Eagles sold 50,500

January 14, 2016

U.S. Economic Data

Initial Jobless Claims 284K EXP 275K

Consumer spending falls 0.9% in January

Fed Chatter

Bullard Fed’s Bullard cites ‘worrisome’ drop in inflation expectations due to low oil prices
U.S. stock market soars after his comments


Key Bitcoin Developer says Bitcoin has failed, is subject to collapse and “quits” bitcoin

More from the NY Times and Reuters



Two Days of bombs shootings in Jakarta,Indonesia

Buy 90% Junk Silver From


Rio Tinto Freezes all employees’ pay including its CEO


The Wealthwatchman provided this fine analysis of the global financial system

Goldman Sachs to pay $5 billion fine

January 15, 2016


Inflation tops 140% in Venezueal, Maduro claims state of economic emergency


Indian physical gold demand up on festivals, weddings

U.S. Economic Data

December Retail Sales -0.1% Exp +0.1% Prior 0.4%
PPI -0.2% Exp 0.1% prior 0.3%
Empire Manufacturing -19.4% exp -3.5% prior -6.2%
Industrial Production: -0.4% exp -0.2% prior -0.9%

Crisis? What Crisis?

Reuters at it again

Heard on CNBC
Jpmorgan analyst on CNBC: “china wont slow us down and stocks havent been this cheap since 2014- the US is insulated” #propaganda

Fed chatter

Fed’s Williams Market Volatility won’t stop Fed from raising rates in coming years

Atlanta Fed Downgrades 4th Quarter GDP to 0.6%

New York Fed Presdient William Dudley says Fed could implement negative interest rates


AIIB to open tomorrow

If you have enjoyed this report, please consider buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to

Get Free Updates From

Subscribe to and get the free In Case You Missed Itweekly email as well as updates and analysis on gold, silver, real estate and the economy.

Also get the free report “Twelve Key Differences Between Gold and Silver” when you subscribe.

Subscribe to to receive free gold and silver updates, news and analysis.

In Case You Missed it… Archives

Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.

You can support by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the JM Bullion, BGASC, Bullion Vault, Gold Broker, Golden Eagle Coin, GoldMoney, SD Bullion, Perth and Royal Canadian Mint ads on the site.

Browse Silver Coins on Amazon

Buy Silver Austrian Philharmonic Coins

Browse Collectible Coins on Amazon

DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.

Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.

The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.

The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.

Post Navigation