Central Banks Continue To Dominate Markets.

Another Fed Interest Rate Yack Attack in Full Effect.

In Case You Missed It.

Top Gold And Silver Stories from the week ended August 20, 2016.

The top stories of the week – the revival of rate hike talk.

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The top economic story of the week was

Gold and silver

Gold closed last week at $1335.70 and closed this week at $1341.10 (+.04%)

Silver closed last week at $19.64 closed this week at $19.25 (-2%)

The gold and silver ratio ended the week at 69.67 to 1

Chart of the Week

You Tube Notes to this report

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[insert “the Cartel, Central Banks, The Powers That Be] are “Losing Control”

The “powers that be” are NOT “losing control” and are tightening their grip (which is as obvious as lower physical gold and silver demand this year).

YET, there is this unquestioned narrative that “the cartel” is “losing control”. That position is not supported by facts. It is either naïve, wishful thinking, misleading or just group think to keep spouting that line.

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

August 15, 2016

From Smaulgld.com

Gold and silver investment demand moving into mining shares, ETFS and futures contracts.

DEUTSCHE BANK DISCLOSES $2 BILLION GOLD AND SILVER MINING SHARE PORTFOLIO

Swiss National Bank vs. Deutsche Bank Mining Share Holdings

DB holds all of the Swiss National Bank’s top twenty-five silver and gold mining companies, but in larger amounts, approximately 40% more.

Gold

45th Anniversary of Nixon Talking US Dollar off the Gold Standard

London’s Bullion Bank Gold War

Is the Nazi Gold Train Real?
U.S. Economy

Rothschild buys gold

The Egg Rush of 1849!

Joe Deaux from Bloomberg’s Latest Gold Bash “Gold Losing Appeal for Investors Retreating From Rally Bet” ‘People don’t believe in the gold rally,’

“U.S. jobless claims have been holding near four-decade lows, highlighting strength in the job market that signals the economy would probably be resilient in the face of interest-rate increases by the Federal Reserve. Higher rates cut the appeal of gold, which doesn’t pay interest or offer dividends like assets such as bonds or equities.”

First Eagle Reduces Equity Holdings, Adds Gold Mining Stocks (AEM, ABX)

Gold and Silver Miners Set to Resume Dividend Payments as Prices Rise

Soros Slashes Gold Holdings in Second Quarter
Paulson Maintains GLD Stake as Metals Prices Rally

CEO Paid $1 a Year Bets Smaller Miners to Reap Bigger Gains
McEwenMining is a miner listed in the Swiss National Bank’s Mining Portfolio

How The Swiss National Bank Built a $1 Billion Mining Share Portfolio

Clinton

https://twitter.com/Smaulgld/status/765208119664336896

Central Bank Intervention

Zerohedge : “It’s clear that central banks are dominating markets. Central banks are the main drivers of this, it’s not fundamental.”

US Economic Data

Empire Fed -4.21, Exp. 2.5, Last 0.55

War on Cash

Stores to Customers No Cash Allowed

Fed Chatter

Fed’s Williams calls for rethink of orthodoxy in new economic era after yacking about raising rates last week

U.S. Mint Sales Update

U.S. Mint reported selling 55,000 American Silver Eaglesand 0 American Gold Eagles today.

MTD American Silver Eagles sold 380,000 & American Gold Eagles sold 26,500

YTD American Silver Eagles Sold 28,000,500 /American Gold Eagles sold 462,500

The U.S. Mint reported selling 0 one ounce American Platinum Eagle coins.
YTD 19,000 American Platinum Eagle coins sold.

The U.S. Mint reported selling 2,000 American Gold Buffalo coins.

MTD 3,500 sold

YTD 126,000 sold

The U.S. Mint Reported selling no Harpers Ferry National Historical Park five ounce silver America The Beautiful Coins.

YTD Sales of Harpers Ferry coins – 34,200

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

August 16, 2016

Gold

British Billionaire Crispin Odey Places 86% Bet On Gold

Fed Chatter

Dollar falls $1 over night- dudley RATE HIKE!

Fed’s Dudley says ‘possible’ to hike rates next month:

LOCKHART: AT LEAST ONE FED RATE HIKE COULD BE WARRANTED THIS YEAR Sees MOMENTUM!

TWO rate hikes conceivable!

https://twitter.com/Smaulgld/status/765528421195743232

https://twitter.com/Smaulgld/status/765529334115426305

RATE HIKE YACK ATTACK IN FULL EFFECT TODAY!

U.S. Economic Data

CPI 0.0%, Exp. 0.0%, Last 0.2%
CPI Ex food and energy 0.1%, Exp. 0.2%, Last 0.2%

Reuters:

U.S. inflation tame as economy gains momentum “but solid gains in industrial output and home building suggested a pickup in economic activity that could allow the Federal Reserve to raise interest rates this year.”

Housing Starts 1.211M, Exp. 1.180M

Industrial Production 0.7%, Exp. 0.3%, Last 0.6%
Capacity Utilization 75.9%

August 17, 2016

HOW DEUTSCHE BANK GREW ITS GOLD AND SILVER MINING SHARE PORTFOLIO IN 2016

Gold

Gold extends on jewelry buying

Abenomics Breeds Gold Bugs in Japan

Dollar turns defense into attack ahead of Fed minutes
A Short History of Gold

Silver

Pan American Silver (PAAS) CEO Steinmann Tells CNBC Why Silver Is Crushing Gold

War on Cash

From the Economist Why some economists want to eliminate cash

Fed Chatter

https://twitter.com/Smaulgld/status/765935880993378305

Minutes released- still tentative on raising rates

U.S. Mint Sales Update

August 18, 2016

Gold

Why is gold demand down in the Middle East

CNBC Gold is doing something it’s never done before — and it could be a reason to buy

US Economic Data

Initial Claims 262K, Exp. 265K (lowest since 1973 when the economy was in shambles)

Reuters: reinforcing views of labor market strength

Philly Fed 2.0, Exp. 2.0, Last -2.9

U.S. Mint Sales Update

U.S. Mint reported selling 150,000 American Silver Eaglesand 2,000 American Gold Eagles today.

MTD American Silver Eagles sold 530,000 & American Gold Eagles sold 28,500

YTD American Silver Eagles Sold 28,150,500 /American Gold Eagles sold 464,500

The U.S. Mint reported selling 0 one ounce American Platinum Eagle coins.
YTD 19,000 American Platinum Eagle coins sold.

The U.S. Mint reported selling 1,500 American Gold Buffalo coins.

MTD 5,000 sold

YTD 126,000 sold

The U.S. Mint Reported selling no Harpers Ferry National Historical Park five ounce silver America The Beautiful Coins.

YTD Sales of Harpers Ferry coins – 34,200

Fed Chatter

Fed’s Williams LOVES TO YACK RATE HIKE- His Latest: Waiting too long to hike rates could be costly Strong labor market “full employment”

Fed has limited room to maneuver on interest rate hikes: Kaplan

August 19, 2016

RUSSIAN CENTRAL BANK ADDS 200,000 OUNCES OF GOLD TO RESERVES IN JULY

Gold

U.S. Mint Sales Update

Fed Chatter

Fed’s Kaplan says Fed has little room on rate hikes

U.S. Mint Sales Update

U.S. Mint reported selling 50,000 American Silver Eaglesand 3,000 American Gold Eagles today.

MTD American Silver Eagles sold 580,000 & American Gold Eagles sold 31,500

YTD American Silver Eagles Sold 28,200,500 /American Gold Eagles sold 467,500

The U.S. Mint reported selling 0 one ounce American Platinum Eagle coins.
YTD 19,000 American Platinum Eagle coins sold.

The U.S. Mint reported selling no American Gold Buffalo coins.

MTD 5,000 sold

YTD 126,000 sold

The U.S. Mint Reported selling 400 Harpers Ferry National Historical Park five ounce silver America The Beautiful Coins.

YTD Sales of Harpers Ferry coins – 34,600

August 20, 2016

U.S. MINT STOPS PRODUCTION OF AMERICAN SILVER EAGLES

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