In Case You Missed It…

In Case You Missed It

Stories from the week ended August 22, 2015.

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Starting on August 16, 2015, instituted a “In Case You Missed it” feature. now features information and links to relevant third party content in the right hand side bar under the title “In Case You Missed It”. These links will change from time to time and a weekly summary of the top news stories will be collated and posted at the end of each week.

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In case you missed it… here are last week’s stories:

August 21, 2015

The U.S. stock markets plunged on Thursday August 20 and fell further today.

Dow, Nasqaq Plunge 3%+

The main stream media reaction to the U.S. market plunge: it’s caused by global growth worries. We and others on twitter disagree!

From Twitter:

Economic Policy Journal‘s Robert Wenzel provided us with this tasty morsal of economic ineptitude:

$30 for a Pizza? Sure, if you want to support “pizza sustainably served” by employees paid $25 an hour in the San Francisco Bay area

We hear echoes of this economically illiterate “$70,000 minimum wage” employer mistake also brought to our attention by Mr. Wenzel.


The Shanghai Gold Exchange had another big week, with withdrawals of 65 tons. The volume on the Shanghai Gold Exchance is 31% higher than last year and running at a record pace.

August 20, 2015

Stocks Slammed – CNBC Tries Hand at Writing Gloom Headline: “Markets Ride Wave of Global Meltdown Fears”

Dumbest Trade of the 21st Century? Record Shorts in Gold

Reuters Talks Up The Economy: “Brighten Economic Outlook/Fresh Signs of Steady Economic Growth”

August 20: The U.S. Mint Sold 3,500 one oz. American Gold Eagles today/No Silver Eagles. MTD Gold Eagle Sales 22,000; MTD Silver Eagle Sales: 3,367,500

Greek Prime Minister Tsipras Resigns

North and South Korea exchange artillery fire

Deutsche Bank to resign as London bullion clearer

From our friends at the Daily Coin, this audio interview China: The Real Global Power – Alasdair Macleod of Gold Money


Russia reported an update to their gold reserves today:

Russia Grows Gold Reserves By 400,000 ounces in July.

August 19, 2015

Greenspan Warns of Bond Market Bubble

From Greg Hunter’s USA Watchdog: Beginning of a Breakdown in International Trade-Hugo Salinas Price

The U.S. Mint Sold 85,000 American Silver Eagles today. Month to date sales 3,367,500. Month to date one ounce American Gold Eagle sales 18,500.

Wealth Watchman: Silver Will Slice Through “Deflation”, Like a Hot Knife Through Butter

Fed minutes reveal reluctance to raise interest rates just yet even in light of “solid” economic progress.

From Twitter:

St. Louis Fed Admits QE did not boost the economy.


We commented on the elevated American Silver Eagle premiums and provided an analysis that explained this phenomena beyond the typical incessently reported “silver shortage” explanations.

This article was reproduced in the SGT Report.

August 18, 2015

The U.S. Mint Sold 250,000 American Silver Eagles today. Month to date sales 3,282,500. Month to date one ounce American Gold Eagle sales 18,500

Surprise! Citi Lowers Gold Forcast for 2015/2016

Jason Burack of Wall Street For Main Street Discusses Silver with The Doc


We reported on the Treasury Department’s update on foreign holdings of U.S. Treasury Bonds for June:

Russia and China Add to Their U.S. Treasury Holdings in June

August 17, 2015

Foreign Holdings of U.S. Treasury Securities up in June

August 17: The U.S. Mint Sold 852,000 American Silver Eagles today. Month to date sales 3,032,500.

Gold Holds Weekly Advance as Emerging Markets Spur Haven Demand


We requested a list of American Silver and Gold Eagle Authorized Purchasers from the U.S. Mint. We were told they could not provide it. Our email exchange with the U.S. Mint was reproduced in this blog post which was referenced by Ted Butler and Ed Steer in their newsletters this week:


August 16, 2015

Bears Missed Gold’s Best Rally Since June As Analysts See Declines

What is Gold Worth and Why You Shouldn’t Worry

Away From Dollar: Russia, China to Create Entirely Different Gold Market

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