Silver Flash Crashed and Smashed.
Silver flash crashes, CME Group Silent.
Why a “sovereign sized gold buy” won’t significantly move the gold price.
CNN tracks down meme maker, threatens doxxing.
Video Commentary to “Massive Physical Gold Buying Won’t Shock the World”
Imagine My Shock!
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Top stories:
CNN tracks down meme maker, forces apology. Streisand effect now in full effect as CNN bashing memes flood the internet.
Economy: Silver fell nearly 7% during the week, most of the losses coming after a flash crash on Thursday. My often cited statement re comex as a place where traders sell gold and silver they dont have to other traders who don’t want it. was evident this week and last week as traders “sold” a massive amount of silver and gold they obviously did not possess, causing steep price drops.
Read an explanation of the flash crash from Ronan Manly of Bullion Star here
Also see the real purpose behind the gold futures market:
Will sovereign sized physical gold purchases cause the price of gold to rise?
Prior headlines:
October 2015 Andrew Maguire – This Historic Event Is About To Shock The World And The Gold Market
June 2016 ALERT: Whistleblower Maguire Warns Massive Stampede Into Gold Taking Place As Elites Lose Control
March 2017 Andrew Maguire – This Will Rock The Gold Market And Shock The World
General KWN headlines:
September 2015 China Is Preparing To Shock The World
April 2016 Gerald Celente – This Will Shock The World
July 2, 2016 China Is About To Shock The World
July 16, 2016 China Is About To Shock The World And The Global Financial System
July 23, 2016 China Is Planning To Shock The World By Pushing The Price Of Gold Over $10,000
August 2016 This Historic Event Is About To Shock The World
September 2016 With Chaos Ready To Erupt, This Is About To Shock The World
Large physical buying of precious metal doesn’t move markets. Record silver buys in 2013-2015 did not boost the price. Indeed, the price fell during that period.
The idea now is that gold and silver backed cryptocoins like bullioncoin, onegram (Sharia law compliant $500 million offering = approx 416,000 ounces or 14 tons), zen gold and others are going to create significant demand for physical gold AND due to “tightness in the market” provide a boost in price.
Issues re large physical gold purchases from gold backed cryptocurrencies:
Do we know how large the additional demand is?
Will gold and silver backed cryptos mostly replace existing gold and silver demand?
Will any additional physical demand boost the prices of gold and silver?
Will gold and silver backed crypto currencies actually place orders on COMEX for delivery on a single day or will they spread out their purchases via physical brokerages to acquire the gold required to issue their currencies.
Only manipulative shorts actually SELL all their gold and silver in one instance.
Charts of the Week
It is not uncommon during a given month for 200-300 tons of physical gold to travel from one desitination to another without an impact on the price of gold.
Indian Gold Imports
EU gold imports
Hong Kong Gold Imports
Swiss Gold Imports/Exports
The Shanghai Gold Exchange also experiences months with withdrawals over 200 tons.
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Gold and silver.
Gold closed last week at $1241.20 an ounce and closed this week at $1212.20 -2.3%
Silver closed last week at $16.70 an ounce and closed this week at $15.58 -6.7%
The gold and silver ratio ended the week at :1
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Tweets of the Week
https://twitter.com/Smaulgld/status/882237692054036481
People will spend bitcoin and save litecoin
https://twitter.com/Smaulgld/status/882265480261582853
Silver Flash Crash
https://twitter.com/Smaulgld/status/883118964422955013
Share of dollar and Euro use
https://twitter.com/PopescuCo/status/882532259798151172
A 250 ton “soverign size buy” would have no impact on the price of gold
https://twitter.com/Smaulgld/status/883846206409117696
Here are the stories we wrote, followed or commented on.
July 3, 2017
Smaulgld.com
KAZAKHSTAN HEADED INTO THE TOP TWENTY GOLD NATIONS
Reset! Gold to $28,426.36 & Silver to $28,426.36 by September 22 2017
Gold
US Economic Data
Construction Spending May 0.0%, Exp. 0.3%, Last -0.7%
ISM Mfg 57.8, Exp. 55.2, Last 54.9
Markit Mfg Index June 52.0, Exp. 52.1
July 4, 2017
Smaulgld.com
THE AMERICAN GOLD EAGLE HAS LANDED
Fed says Yellen was hospitalized for a few days, returning to work this week
July 5, 2017
From Smaulgld.com
PERTH MINT GOLD SALES TOP U.S. MINT GOLD SALES AGAIN IN JUNE
Gold
Is gold a luxury or a necessity in India?
When 47 tonnes of gold was in the middle of the road
Paytm bullish on ‘Digital Gold’
US Economic Data
Factory Orders -0.8%, Exp. -0.5%
July 6, 2017
From Smaulgld.com
AMERICAN SILVER EAGLE SALES AT TEN YEAR LOW IN JUNE
STRONG PERTH MINT SILVER SALES TOP U.S. MINT SILVER SALES FOR THE FIRST TIME
Will Demographics Drive Cryptocurrencies Higher
Gold
Fintech innovations in Gold- World Gold Council
US Economic Data
ISM non-mfg 57.4, Exp. 56.5
Services PMI 54.2, Exp. 53.0, Last 53.6
US Trade Deficit $46.5, Exp. $46.3BN
Initial Claims 248K, Exp. 243K
ADP 158K, Exp. 185K
U.S. Mint Sales Update
U.S. Mint reported selling 320,000 American Silver Eagles and 1,500 American Gold Eagles today.
MTD American Silver Eagles sold 320,000 & American Gold Eagles sold 1,500
YTD American Silver Eagles sold 12,553,500/American Gold Eagles sold 142,500
The U.S. Mint reported selling 1,000 American Gold Buffalo coins.
MTD 1,000 sold
YTD 67,000 sold
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 35,000. The US Mint sold 0 Frederick Douglas National Historical Site ATB coins and 0 of the Ozark National Scenic Riverways.
Total YTD ATB coin sales 35,000 Effigy Mounds National Monument coins, 20,000 Frederick Douglas National Historical Site and 20,000 Ozark National Scenic Riverways ATB coins. Total 75,000
July 7, 2017
From Smaulgld.com
STUNNING SKYROCKETING SILVER INDIAN IMPORTS IN MAY
Bitcoin
Bitcoin can be an asset but not currency: China central bank adviser
US Economic Data
June nonfarm payrolls 222K. Exp.179K
Average Hourly Earnings 0.2%, Exp. 0.3%
July 8, 2017
Smaulgld.com
GERMAN CENTRAL BANK HAS SOLD OVER 1.4 MILLION OUNCES OF GOLD IN TEN YEARS
The article also appeared in Zerohedge Who Knew? German Central Bank Has Been Selling Gold For More Than A Decade
OH no! Bitcoin options trading approved
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Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
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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
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
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