India’s Prime Minister launches cashless/less-cash townships.
Trump signs Buy American Hire American Executive Order, Warns on NAFTA – Harbinger of Higher Inflation.
U.S. Mint gold sales non existent while Russia, Shanghai Gold Exchange, Indian imports and US ETF volumes soaring.
JP Morgan’s COMEX silver warehouse holdings top 100 million ounces.
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Top stories: Trump signs executive order to promote American workers and products, as dollar weakens. Higher priced imports due to a weaker dollar, higher priced goods due to production by higher priced US workers and the potential of foreign tariffs would most likely lead to far higher prices on food and consumer goods.
Gold and Silver- Demand for gold soars everywhere EXCEPT at the US (and Perth) Mints.
Gold and silver.
Gold closed last week at $1287.80 an ounce and closed this week at $1280.90 -0.5%
Silver closed last week at $18.51 an ounce and closed this week at $17.90 -3.3%
The gold and silver ratio ended the week at 71.74:1
Hint: silver is a smaller, easier to manipulate market.
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Tweet of the Week
Georgia special election
George Election Results=NO Major Shift
Ossoff vote silghtly higher than Hillary Clinton's
Ossoff slightly more popular than Clinton pic.twitter.com/z1b4W94Oe9— Smaulgld (@Smaulgld) April 19, 2017
JP Morgan Silver Eligible unchanged
@KoosJansen .JP Morgan ELIGIBLE SILVER July 2016 – April 2017 UNCHANGED @KoosJansen @TFMetals @Jamesiebabie1 @jameshenryand pic.twitter.com/aszzoVqBOJ
— Smaulgld (@Smaulgld) April 19, 2017
NY Mayor Billy Bags DeBlasio – Adds More Tax To Cigarettes
and the added tax won't even cover the costs of trying to nail and jail smugglers and sellers BRILLIANT! – A new kind of stupid https://t.co/UYRCXtZ9Hu
— Smaulgld (@Smaulgld) April 21, 2017
Charts of the Week
Here are the stories we wrote, followed or commented on.
Modi launches 75 cashless townships across 12 states “The initiative was launched by NITI (National Institution for Transforming India)… with the help of The Mobile Wallet (TMW), a Mumbai-based financial technology company”
See the Dark Side of a Cashless Society
April 17, 2017
Gold
Indian Gold imports in January-March 2017 were the most since the same quarter of 2013
Dreams of Confederate gold in Danville
Silver
Kruggerand now to be released in silver
PBOC ADVISER SAYS CHINA FX RESERVES MAY FURTHER DECLINE: NEWS
Chinese Credit Creation his record high
In Q1 China's aggregate credit creation hit a record high CNY6.93 trillion, more than the GDP of Mexico pic.twitter.com/ScULgYGeMs
— zerohedge (@zerohedge) April 17, 2017
U.S. household debt near record levels, Federal Reserve report says
Chinese net exports and GDP grow
April 18, 2017
From Smaulgld.com
TRUMP SHIFT TO CHINA: DOLLAR PROTECTION STRATEGY?
China sees higher risk of mass unemployment, pledges more support (fiscal and monetary)
China sees higher risk of mass unemployment, pledges more fiscal and moneary support https://t.co/VvA7nWda0e NOT a "sound money" country
— Smaulgld (@Smaulgld) April 19, 2017
Trump Strictly up hold made in america in all federal projects
Gold
Russia’s Largest Bank to Facilitate Direct Gold Trade Between Russia and India
Sberbank says direct gold trade between the two BRICS members would be immensely beneficial to both countries
US Economic Data
Industrial Production 0.5%, Exp. 0.4%
Manufacturing Production slumps -0.4%, Exp.0.1%
Housing Starts: 1.215MM, Exp. 1.250MM
Housing Permits 1.260MM, Exp. 1.255MM
April 19, 2017
From Smaulgld.com
SHANGHAI GOLD EXCHANGE WITHDRAWALS RISE AGAIN IN MARCH
April 20, 2017
From Smaulgld.com
RUSSIA ADDS ANOTHER HUGE PILE OF GOLD TO RESERVES IN MARCH
US Economic Data
Initial Claims 244K, Exp. 240K
Philly Fed 22, Exp.25, Last 32.8
Fed Chatter
Fed’s Kaplan says 3 rate hikes are still “a good baseline”
Gold
Who stashed gold inside a British piano? It’s a mystery
Rising rupee an opportunity for gold buyers: WGC
U.S. Mint Sales Update
U.S. Mint reported selling 220,000 American Silver Eagles and 0 American Gold Eagles today.
MTD American Silver Eagles sold 600,000 & American Gold Eagles sold 2,500
YTD American Silver Eagles sold 8,557,500/American Gold Eagles sold 126,000
The U.S. Mint reported selling 500 American Gold Buffalo coins.
MTD 2,500 sold
YTD 58,000 sold
The U.S. Mint sold 300 of the first America the Beautiful Coin of 2017 today – the Effigy Mounds National Monument coin. YTD Effigy Mounds ATB coins 20,600. The US Mint also sold 6,500 Frederick Douglas National Historical Site ATB coins.
Total YTD ATB coin sales 20,300 Effigy Mounds National Monument coin and 16,200 Frederick Douglas National Historical Site ATB coins. Total 36,800
Click to Buy The Effigy Mounds Five Ounce America The Beautiful Coin
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April 21, 2017
Fed Chatter
FISCHER: “THINGS HAVE SLOWED DOWN RELATIVE TO EXPECTATIONS”, “WE ARE NOT TIED TO 3 RATE HIKES”
US Economic Data
Existing Home Sales 5.71MM, Exp. 5.6MM
US Mfg PMI 52.8, Exp. 53.8
US Services PMI 52.5, Exp. 53.2
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—————————————
Poor sales continue…
U.S. Mint reported selling 75,000 American Silver Eagles and 0 American Gold Eagles today.
MTD American Silver Eagles sold 330,000 & American Gold Eagles sold 1,500
YTD American Silver Eagles Sold 8,287,500/American Gold Eagles sold 125,000
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
The U.S. Mint sold 0 of the first America the Beautiful Coin of 2017 today – the Effigy Mounds National Monument coin. YTD Effigy Mounds ATB coins 20,300. The US Mint also sold 2,000 Frederick Douglas National Historical Site ATB coins.
Total YTD ATB coin sales 20,300 Effigy Mounds National Monument coin and 9,700 Frederick Douglas National Historical Site ATB coins. Total 32,000
Click to Buy The Effigy Mounds Five Ounce America The Beautiful Coin
The U.S. Mint reported selling 0 one ounce American Platinum Eagle coins.
YTD 20,000
The U.S. Mint reported selling 1,000American Gold Buffalo coins.
MTD 1,000 sold
YTD 56,500 sold
Compare American Silver Eagles for sale at:
Golden Eagle Coins
SD Bullion
Money Metals Exchange
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U.S. Mint Sales Update
U.S. Mint reported selling 50,000 American Silver Eagles and 500 American Gold Eagles today.
MTD American Silver Eagles sold 380,000 & American Gold Eagles sold 1,500
YTD American Silver Eagles sold 8,337,500/American Gold Eagles sold 125,000
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
<SD Bullion
Money Metals Exchange
The U.S. Mint sold 0 of the first America the Beautiful Coin of 2017 today – the Effigy Mounds National Monument coin. YTD Effigy Mounds ATB coins 20,300. The US Mint also sold 2,300 Frederick Douglas National Historical Site ATB coins.
Total YTD ATB coin sales 20,300 Effigy Mounds National Monument coin and 12,000 Frederick Douglas National Historical Site ATB coins. Total 32,300
Click to Buy The Effigy Mounds Five Ounce America The Beautiful Coin
The U.S. Mint reported selling 0 one ounce American Platinum Eagle coins.
YTD 20,000
The U.S. Mint reported selling 500American Gold Buffalo coins.
MTD 1,500 sold
YTD 57,000 sold
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
—————————————–
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