With Inauguration Looming, Trump Administration Policies Uncertain.
Gold and Silver Prices Rise/Gold ETF Inflows Dry Up.
U.S. Mint Reports Strong First Week Gold and Silver Sales.
Press Conference Decorum
Top stories of the week- Trump calls “fake news” on CNN at press conference; refers to Buzzfeed as a failing pile of garbage. Celebrities record “I Shall Survive” and Newsweek trashes 3 Doors Down.
Top economic stories of the week: Gold and silver rise second week in a row!
Click here to see the Smaulgld commentary video to this report below.
Gold and silver.
Gold closed last week at $1172.20 an ounce and closed this week at $1196.90 up 2.1%
Silver closed last week at $16.43 an ounce and closed this week at $16.81 up 2.3 %
The gold and silver ratio ended the week at 71.2:1
Trump Uncertainties – Closer to Reality.
- Repealing and replacing Obamacare
- Infrastructure spending
- Building and paying for a wall
- Trade war, tarffis
- Press battles
- Tweet storms
- Russian influence charges
You Tube Notes to this report
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Charts of the week
Gold
43 days with no inflows to GLD – longest dry spell on record!
Silver
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Here are the stories we wrote, followed or commented on.
January 9, 2017
From Smaulgld.com
WHAT IF 1% OF THE U.S. LABOR FORCE SAVED IN SILVER?
SHANGHAI GOLD EXCHANGE WITHDRAWALS FALL 24% IN 2016
US Economic Data
FED LABOR MARKET CONDITIONS INDEX -0.3 DEC VS 2.1 NOV
US CONF BOARD EMPL TRENDS INDX 129.62 DEC VS 129.93 NOV
Gold
Prince Left Behind 67 Gold Kilo Bars When He Died
No limit on gold holdings in India
SGE to limit size of gold trades
U.S. Mint Sales Update
First Day Sales of 2017
U.S. Mint reported selling 3,747,500 American Silver Eagles and 46,000 one ounce American Gold Eagles today.
MTD American Silver Eagles sold 3,747,500 & American Gold Eagles sold 46,000
YTD American Silver Eagles Sold 3,747,500 /American Gold Eagles sold 46,000
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
The U.S. Mint reported selling 0 one ounce American Platinum Eagle coins.
YTD 0
The U.S. Mint reported selling 20,500 American Gold Buffalo coins.
MTD 20,500 sold
YTD 20,500 sold
The U.S. Mint will issue its first America the Beautiful Coin of 2017 in February – the Effigy Mounds National Monument coin.
January 10, 2017
From Smaulgld.com
US MINT REPORTS 35% INCREASE IN FIRST DAY AMERICAN SILVER EAGLE SALES
US MINT REPORTS 15% INCREASE IN FIRST DAY AMERICAN GOLD EAGLE SALES
Silver
First ATB of 2017 https://www.usmint.gov/pressroom/index1187.html?action=events
U.S. Mint Sales Update
U.S. Mint reported selling 0 American Silver Eagles and 4,000 American Gold Eagles today.
MTD American Silver Eagles sold 3,747,500 & American Gold Eagles sold 50,000
YTD American Silver Eagles Sold 3,747,500/American Gold Eagles sold 50,000
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 0
The U.S. Mint reported selling 2,000 American Gold Buffalo coins.
MTD 22,500 sold
YTD 22,500 sold
The U.S. Mint will issue its first America the Beautiful Coin of 2017 in February – the Effigy Mounds National Monument coin.
Fed
Richmond Fed President Lacker to retire on Oct. 1; Richmond Fed becomes voting member of FOMC shortly after his retirement in 2018
US Economic Data
U.S. wholesale inventories up 1.0% for November, vs. 0.9% gain expected
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
January 11, 2017
From Smaulgld.com
Gold
Silver
New silver catalyst to fight smog in cities
Less Silver needed in solar panels
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January 12, 2017
From Smaulgld.com
IS GOLD MONEY? OR SOMETHING ELSE?
From GOLD AND REAL ESTATE ARE ASSETS, NOT INVESTMENTS
Gold
Putin says Russian reserves to grow in 2018
Plane carrying gold crashes in Zimbabwe
U.S. Mint Sales Update
U.S. Mint reported selling 0 American Silver Eagles and 4,500 American Gold Eagles today.
MTD American Silver Eagles sold 3,747,500 & American Gold Eagles sold 54,500
YTD American Silver Eagles Sold 3,747,500/American Gold Eagles sold 54,500
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
The U.S. Mint reported selling 0 one ounce American Platinum Eagle coins.
YTD 0
The U.S. Mint reported selling 1,500 American Gold Buffalo coins.
MTD 24,000 sold
YTD 24,000 sold
The U.S. Mint will issue its first America the Beautiful Coin of 2017 in February – the Effigy Mounds National Monument coin.
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Fed Chatter
Fed’s Evans Says Fiscal Stimulus Could Lift U.S. GDP Growth
FED’S KAPLAN SAYS AMONG BIGGEST DISAGREEMENTS AT FED IS ON HOW QUICKLY TO RAISE RATES
KAPLAN: STRONGER DOLLAR TO CREATE HEADWINDS FOR U.S. EXPORTS
When Rates hit 1% Should consider unwinding balance sheet
FED’S BULLARD: FX MKTS HAVE GOTTEN AHEAD OF THEMSELVES. USD negative
BULLARD: BAL SHEET ROLLOFF MAY BE BETTER THAN AGGRESSIVE HIKING
Atlanta Federal Reserve President Dennis Lockhart, executives expressed “optimism around the prospect of fiscal stimulus, tax reduction, spending on infrastructure and some amount of deregulation.”
January 13, 2017
From Smaulgld.com
Gold Found inside antique piano
Silver
Falling peso good for silver
US Economic Data
UMich 98.1, Exp. 98.5
Business Inventories 0.7%, Exp. 0.5%
Retail sales ex autos 0.2%, Exp. 0.5%
December retail sales 0.6%, Exp. 0.7%
U.S. Mint Sales Update
U.S. Mint reported selling 0 American Silver Eagles and 1,000 American Gold Eagles today.
MTD American Silver Eagles sold 3,747,500 & American Gold Eagles sold 55,500
YTD American Silver Eagles Sold 3,747,500/American Gold Eagles sold 55,500
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
The U.S. Mint reported selling 0 one ounce American Platinum Eagle coins.
YTD 0
The U.S. Mint reported selling 500 American Gold Buffalo coins.
MTD 24,500 sold
YTD 24,500 sold
The U.S. Mint will issue its first America the Beautiful Coin of 2017 in February – the Effigy Mounds National Monument coin.
January 14, 2017
NO BOOST IN INDIAN SILVER IMPORTS FROM RUPEE DEMONETIZATION
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Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
January 15, 2017
From Smaulgld.com
INDIAN GOLD IMPORTS – THE RISE BEFORE THE FALL
You can compare American Gold Buffalo coins for sale at these websites:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
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