Indian Gold Buying Picks Up In Advance of Festival Season.
US Dollar Index Soars.
Trump Delivers “Because You’d Be In Jail” Line At Debate
Wikileaks Dumps Damaging Emails on Clinton, Main Stream Press Largely Ignores.
Press Focuses on Trump Groping Allegations.
Top Gold And Silver Stories from the week ended October 15, 2016.
The top story of the week: the Clinton Trump Debate- “You’d be in jail”
Series of wikileaks dump, Bill Clinton calls Trump supporters rednecks, protestors call him a rapist.
When Trump's taxes were hacked the MSM was all over them, when Hillary's Goldman Sachs speeches are hacked they are silent
— Smaulgld (@Smaulgld) October 16, 2016
Why Gold And Silver Must Be Manipulated
Free press in the US now very expensive. Journalism no longer pays because of the decline in paid print media. Today main stream media does not rely on reader demand but rather on paid corporate sponsors and wealthy owners (Carlos Slim, Jeff Bezos) to support money losing operations. These owners and corporate sponsors control the editorial in order to advance their agendas. Owning a newspaper is a marketing expense, or cost of doing business.
A trifecta: corps/banks/politicians/media work to present and control narratives friendly to their interests.
Used to be senators were rich and avoided bribes, now people become Senators to get bribes and become rich.
After seeing Wikileaks evidence of massive political system rigging,would you be shocked if they rigged #gold/#silver prices? @TFMetals
— Smaulgld (@Smaulgld) October 14, 2016
Confidence required for a fiat system and Federal Reserve in charge of the economy to operate. Thus, they MUST manipulate gold and silver prices, economic data to sustain confidence in the system. When central banking did not have a full employment/economic mandate which has led them to lower rates, engage in stimulus, buy bonds and shares, these activities were not necessary, nor were the constant reporting and updates on their efficacy.
Gold and Silver Manipulation (suspected examples)
Gold and Silver Manipulation (actual proven/admitted examples)
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Gold and silver
Gold closed last week at $1257.60 and closed this week at $1250( +/-0%)
Silver closed last week at $17.53 and closed this week at $17.38 (-0.8%)
The gold and silver ratio ended the week at 71.95:1
Chart of the Week
You Tube Notes to this report
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Here are the stories we wrote, followed or commented on.
October 9, 2016
Rogoff makes another pitch for cashless
See The Dark Side of a Cashless Society
October 10, 2016
Gold
Ron Paul: Believe me gold will go up
Gold shines on festive season demand, snaps 4-day losing run
Gold Rebounds From Biggest Weekly Drop This Year as Funds Expand
Gold Rebounds From Biggest Weekly Drop This Year as Funds Expand
Gold supported as Chinese investors return
From Smaulgld.com
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Fed Chatter
Chicago Fed President Charles Evans – No urgency to rate hikes but December could be appropriate, the job report was “pretty good”
October 11, 2016
From Smaulgld.com
U.S. Economic Data
Fed Labor Market Conditions Crash As Rate-Hike Hopes Soar
NY Fed survey:U.S. inflation expectations retreat in September
Fed Chatter
Gold
Indian jewellery stocks shine on hopes of festive gold demand
On the Trail In Greece: Greek Gold From Russia At Acropolis Museum
Indian Gold Imports Decline 59% January to September
Gold Is Uganda’s Second Largest Export
Gold-buying headed for best Diwali in 4 years: Here’s why
Scotia will have to reveal internal correspondence in gold fixing case, lawyer for plaintiffs says
DEUTSCHE BANK SETTLES GOLD PRICE MANIPULATION CASE
U.S. Mint Sales Update
U.S. Mint reported selling 545,000 American Silver Eagles and 5,500 American Gold Eagles today.
MTD American Silver Eagles sold 1,950,000 & American Gold Eagles sold 47,500
YTD American Silver Eagles Sold 32,525,500 /American Gold Eagles sold 612,500
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
The U.S. Mint reported selling 0 one ounce American Platinum Eagle coins.
YTD 20,000 American Platinum Eagle coins sold.
The U.S. Mint reported selling 1,000 American Gold Buffalo coins.
MTD 9,000 sold
YTD 157,000 sold
The U.S. Mint Reported selling 500 Theodore Roosevelt National Park five ounce silver America The Beautiful Coins.
YTD Sales of Theodore Roosevelt National Park 31,000
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
October 12, 2016
From Smaulgld.com
US Economic Data
U.S. JOB OPENINGS FELL TO 5.443MLN IN AUG. FROM 5.831MLN
Gold
Indian bullion and Jewelers Association to open 100 retail shops in three years.
Oversupply Pushes Platinum to Six-Month Lows
Silver
Morgan Silver Dollars More than Just Silver
Deutsche Bank to Pay $9.6 Billion
Fed Chatter
A Kinder, Gentler Fed
Fed can be ‘gentle’ in hiking rates, Dudley says
Fed minutes show september decision ‘A close call’
U.S. Mint Sales Update
U.S. Mint reported selling 0 American Silver Eagles and 3,500 American Gold Eagles today.
MTD American Silver Eagles sold 1,950,000 & American Gold Eagles sold 51,000
YTD American Silver Eagles Sold 32,525,500 /American Gold Eagles sold 616,000
The U.S. Mint reported selling 0 one ounce American Platinum Eagle coins.
YTD 20,000 American Platinum Eagle coins sold.
The U.S. Mint reported selling 1,500 American Gold Buffalo coins.
MTD 10,500 sold
YTD 158,500 sold
The U.S. Mint Reported selling 300 Theodore Roosevelt National Park five ounce silver America The Beautiful Coins.
YTD Sales of Theodore Roosevelt National Park 31,300
October 13, 2016
Gold
Indian Gold Coin: An introduction to branded gold coins
Indian Gold Coin becomes preferred investment option: WGC
Government backing increases appeal of Indian Gold Coin: Survey
Gold glitters on global cues, jewellers’ buying
Indian Gold Prices Jump to Premium
Eureka! A New Generation of Gold Miners Heads for the Hills
Silver
Rural India makes most of silver’s drop In the first 10 days of this month, demand for silver was 50% higher over the same period last year, though price of silver was 16% lower last year.
Wealthwatchman on Indian Silver Demand
Platinum
Platinum In Bear Market as Rates, Electric Cars Dent Outlook
US Economic Data
US import prices rose 0.1% in Sept vs. 0.2% increase expected
Initial Claims 246K, Exp. 253K
pointing to sustained labor market STRENGTH associated with robust labor market conditions. That is the longest stretch since 1970, when the labor market was much smaller.
NO its b/c part-time jobs more plentiful fewer people 92 million people not in the labor force.
Fed Chatter
FED’S HARKER SAYS HE SUPPORTS ONE RATE MOVE BY END OF THE YEAR
HARKER: MAY BE PRUDENT TO WAIT FOR ELECTION UNCERTAINTY TO FADE.
HARKER: IMMIGRATION IS SOURCE OF IMMENSE ECONOMIC POTENTIAL.
FED’S HARKER SAYS IMMIGRATION COULD GIVE U.S. ECONOMY A BOOST.
De-Dollarization
China’s foreign trade with Russia, India grows during 1st three quarters
U.S. Mint Sales Update
U.S. Mint reported selling 0 American Silver Eagles and 2,000 American Gold Eagles today.
MTD American Silver Eagles sold 1,950,000 & American Gold Eagles sold 53,000
YTD American Silver Eagles Sold 32,525,500 /American Gold Eagles sold 618,000
The U.S. Mint reported selling 0 one ounce American Platinum Eagle coins.
YTD 20,000 American Platinum Eagle coins sold.
The U.S. Mint reported selling 500 American Gold Buffalo coins.
MTD 11,000 sold
YTD 160,000 sold
The U.S. Mint Reported selling 0 Theodore Roosevelt National Park five ounce silver America The Beautiful Coins.
YTD Sales of Theodore Roosevelt National Park 31,300
October 14, 2016
Gold
World Gold Council – China is the World’s Largest Gold Producer
US Economic Data
Retail Sales 0.6%, Exp. 0.6%
PPI +0.3 exp +.2%
UMich 87.9, Exp. 91.8
US Deficit rises 34% to $587 billion in 2015
Fed Chatter
Rosengren WE MAY HAVE TO RAISE RATES FASTER THAN MKT FORECASTS -December May Be Appropriate
Atlanta Fed’s Q3 GDPNow Estimate Falls to 1.9% (was 3.8%)
Yellen Speaks on The Elusive Great Recovery
U.S. Mint Sales Update
U.S. Mint reported selling 150,000 American Silver Eagles and 4,500 American Gold Eagles today.
MTD American Silver Eagles sold 2,100,000 & American Gold Eagles sold 57,500
YTD American Silver Eagles Sold 32,675,500 /American Gold Eagles sold 622,500
The U.S. Mint reported selling 0 one ounce American Platinum Eagle coins.
YTD 20,000 American Platinum Eagle coins sold.
The U.S. Mint reported selling 1,000 American Gold Buffalo coins.
MTD 12,000 sold
YTD 161,000 sold
The U.S. Mint Reported selling 0 Theodore Roosevelt National Park five ounce silver America The Beautiful Coins.
YTD Sales of Theodore Roosevelt National Park 31,300
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