In Case You Missed It – Week Ended November 28, 2015

In Case You Missed It – Week Ended November 28, 2015.

Stories from the week ended November 28, 2015.

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The week’s news cycle focused mainly on events in and around Syria and events related to those events. A Russian jet was shot down by Turkey for flying over its airspace on the way to Syria. U.S. economic data that was released was mediocre at best. Yet the consensus remains that the Fed is set to raise interest rates in December.

We believe the Fed will raise rates next month, but not because the economy is doing well and can withstand a rate hike, but to protect the dollar against de-dollarization initiatives and to protect its own credibility.

Gold closed last week at $1077.20 and closed this week at $1056.60

Silver closed last week at $14.19 and closed this week at $14.07

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

November 21, 2015


Police search for body turns up $220K in silver bars

November 22, 2015



We released our 2015 Silver Supply and Demand report showing that physical silver is in a supply demand deficit. There are plenty of charts and analysis. You can review the report here.

silver demand by sector adjusted by smaulgld 2015

american silver eagle premiums as of november 20 2015


The city of Brussels, Belgium was under lockdown last weekend and into Monday on a high terror alert.

Brussels on lockdown Saturday, Sunday and Monday Alert and lockdown extended


The New York Times reports on the enduring value of gold. 24K gold is a liquid currency

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November 23, 2015

Gold and Silver

Sales of American Silver Eagles inched towards a third annual record and gold sales have rebounded smartly from October levels.

U.S. Mint Sales Update

The U.S. Mint sold 7,500 American Gold Eagles and 733,500 American Silver Eagles today.
MTD Sales
Gold 73,000
Silver 3,820,500
YTD Silver Eagles sold 43,663,000
(2014 record- 44,006,000)

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Real Estate

Existing home sales fall in October Reuters adds “but the underlying trend suggested housing remained on firmer footing.” CNBC reporter blames lack of “inventory”

War on Cash

Swiss Bank charges negative rates to its depositors

U.S. Economic Data

US Mfg PMI 52.6, Exp. 54.0, Last 54.1

November 24, 2015

Gold and Silver

U.S. Mint Sales Update

The U.S. Mint announced that it had restricted weekly American Silver Eagle sales to one million.

U.S. Mint sold 7,500 American Gold Eagles and 188,500 American Silver Eagles today.
MTD Sales
Gold 80,500
Silver 4,009,000
YTD Silver Eagles sold 43,851,500
(2014 record- 44,006,000)

Global Tensions

Turkey shoots down Russian warplane


Russian and Iran sign economic cooperation agreement

U.S. Economic Data

Q3 GDP first revision, 2.1%, Exp. 2.1%, Last 1.5%

Consumer Confidence 90.4 Exp 101.0 Last 99.1


Suicide belt found on Paris Street, Metro stations closed

Bomb Explodes in Athens

November 25, 2015

U.S. Economic Data

Initial Claims 260K Exp 272K Prior 272K

Personal Income 0.4% Exp 0.4% Prior 0.2%

Personal Spending 0.1% Exp 0.3% Prior 0.2%

Durable Orders 3.0% Exp 1.5% Prior 0.8%

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November 26, 2015

Silver and Gold


We released our analysis of the Canadian Mint’s third quarter gold and silver sales report.

third quarter sales of silver at the us perth canadian mints 2015 2014


Reuters continued to mischaracterize the U.S. economy and the state of gold demand.

Reuters: Gold near multi year low on “upbeat US data”

Reuters: Indian Gold Demand “seen falling to eight year low

Yet, there are reports that Indian Gold demand is at an all time high

Track Indian Gold and Silver Imports here

November 27, 2015


Rangold says half of their output may not be viable due to low prices

U.S. Mint Sales Update

U.S. Mint sold no American Gold Eagles and 78,000 American Silver Eagles today
MTD Sales Gold 80,500
Silver 4,087,000
YTD Silver Eagles sold 43,929,500
(2014 record- 44,006,000)
Buy 2015 American Silver Eagle Coins


Russia adds the Chinese Yuan as its reserve currency

Black Friday

Gold and Silver

CNBC Reports Forget Gadgets, Shoppers are snatching up precious metals!

Crowds Thin During Black Friday Shopping

While crowds may have been down, the scenes of violence were on full display in many youtube videos.

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