In Case You Missed it Week Ended October 31, 2015

In Case You Missed it Week Ended October 31, 2015.

Stories from the week ended October 31, 2015.

Bad economic news (the Wall Street Journal called it “brighter“) was released this week including big misses in new and pending home sales, tepid consumer spending and a sub par first estimate of 3rd quarter GDP.

Yet, the Federal Reserve open market committee statement released this week from October indicated the Fed is still considering raising interest rates at its next meeting in December subject to “further improvement in the labor market”.

Gold and silver sold off on the announcement. Stocks fell initially then recovered and rose; gold and silver did not and fell further.

Gold closed last week at $1177.70 and closed this week at $1141.70.

Silver closed last week at $16.03 and closed this week at $15.53.

JM Bullion

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

October 24, 2015


Overstock Chairman: We don’t trust banks, so we hold $10M of gold/silver outside banking system to pay employees.

We posted this video of a speech given by Overstock Chairman Johnathan Johnson on the daily “In Case You Missed It “section section of Smaulgld when it had just eight views. Later in the week, the video went viral mostly due to its appearance on Zerohedge the next day.

October 25, 2015


India’s Gold Monetization Scheme may be “ready in weeks


From – JFK Favored Federal Reserve Notes and the De-Monetization of Silver

European Politics

Majority Portugese Anti-Euro Parties Denied Access to Government


Bacon, Burgers to be classified as disease causing substances

Fed Research

St. Louis Fed: Nearly half of millennials live with their parents

October 26, 2015

U.S. Economic Data Releases

New Home Sales: 468K Exp 550K Prior 529K

Dallas Fed -12.7, Exp. -6.5, Last -9.5;


Indian Prime Minister pitches gold monetization scheme “Don’t let your gold be dead money”


MarketWatch- Silver prices don’t match massive demand


Bloomberg: If Yuan gets reserve status, China may pick up $1 trillion in reserve demand

Singapore Yuan hub growing

Central Banks

Bank of Japan to buy more bonds

U.S. Economy

WSJ: U.S. companies warn of slowing economy, declining profits


Shanghai Gold Exchange headed for record

Bernanke Speaks

Bernanke: Governments too focused on budget cuts

Buy Gold Online

October 27, 2015


India to sell gold coins through the World Gold Council may reduce dependence on imports

Foreign Policy

China and U.S. Facing off?

U.S. Economy

Debt ceiling to be raised again

CNBC 32% of Americans say the economy will get worse

Durable goods plunge

US Plans to Sell Strategic Oil Reserves

Bakken oil companies go bankrupt

European Economy

Greece will miss October payment

Japanese Economy

Will the Bank of Japan add more stimulus to its economy?


Gold Demand Rises in Third Quarter

Gold imports From Hong Kong at 10 month high

U.K. Economy

IMF: Britain can live with high debt “forever”

October 28, 2015


Putin speaks out against U.S. dollar use

Odd News

103 year old bisquit from the Titanic sold for $23,000

European Economy

Swedish Central Bank expands its QE program

Bernanke Speaks

Bernanke warns on emerging markets risk

October Federal Open Market Committee Meeting (FOMC)

Fed says economy is “solid” but wants to see further improvement in the labor market before raising rates

Gold and silver fall, stocks rally

gold price october 28 2015

Gold fell after the FOMC minutes were released.

silver chart october 28 2015

Silver took a dive too.

If the Fed does a rate hike in December the “expected strength” in the economy in 2016 propaganda will be intense and incessant “SOLID”!


Ted Cruz calls for gold standard during Republican Debate CNBC “analyzes”

October 29, 2015

U.S. Economic Data Releases

Pending home sales -2.3%, Exp. 1.0%

Third Quarter GP estimate 1.5% vs 1.6% est

Climate Change

Putin: Climate change is a fraud

Fed Interest Rate Hike

Smaulgld prediction all along is Fed would hike, do QE4 then go negative.

Chinese Yuan

Chinese Yuan Surges Most in a Decade

European Banks

Deutsche Bank reports massive loss/layoffs

U.S. Economic Data Releases

Initial jobless claims 260K v 265k

“Solid”? “Sturdy”? Sign of “strengthening labor market”? or no one left to fire


Gold down on Fed Rate hike belief

October 30, 2015


From Shanghai Gold Exchange Withdrawals for the Week Ended October 23, 2015

Gold Falls

U.S. Economic Data Releases

Personal income uo 0.1% exp 0.2%

Consumer Sentiment 90.0 exp 92.5 prev 87.2

U.S. Banks

Big Banks Face $120 billion shortfall under new Fed rule

Climate Change

Bill Gates says only socialism can save us from climate change

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