Indian Prime Minister Recalls 500 and 1000 Rupee Notes on One Day Notice. Gold Demand and Premiums Soar in Aftermath of Announcement. Gold Premiums soar to 66% Gold Sales Spike 23X! Long Lines and Lack of Cash To Exchange Rupees. The Official Reason vs. The Real Reason. India’s Shocking Surprise Attack on Cash Modi’s Announcement … Read More →
Donald Trump Elected 45th President of the United States. Gold and Silver Crash, Dollar Strengthens, Dow Jones Hits All-Time High & Copper Soars. Political uncertainty is good for the US dollar – even if its US political uncertainty. Trump to replace global crony capitalism with nationalist crony capitalism? Trump to create new class of voters … Read More →
Shanghai Gold Exchange Withdrawals in 2016 Are Down 28% Year Over Year Through October. Shanghai Gold Exchange October withdrawals were 153.3 tonnes. October 2016 gold withdrawals were 13% lower compared to 176.288 tonnes withdrawn in October 2015. Through October 2016, withdrawals of 1560 tonnes were 28% lower than withdrawals of 2165 tonnes through October 2015. … Read More →
October Perth Mint silver sales of 1,084,213 ounces were up 5.1% from 1,031,858 ounces sold in September and up 188% from August sales of 376,467 ounces. Silver sales at the Perth Mint in October were down 38.1% year over year from October 2015 sales of 1,751,898 ounces. Perth Mint: Higher sales in September and October … Read More →
Indian Prime Minister Announces Effective Midnight November 8, 500 and 1000 Rupee Notes Will Be Withdrawn From the Financial System. ₹500 and ₹1000 Notes Cease to be Legal Tender at Midnight November 8, 2016 Indian ₹500 and ₹1000 Notes to Be Deposited by end of December, or Become Worthless. The government will issue new ₹500 … Read More →
Gold Sales at the Perth Mint in October 2016 Gold sales at the Perth Mint in October 2016 were 79,048 ounces up 36% from September 2016 sales of 58,111 ounces. Perth Mint October sales of gold were the highest monthly total since May 2013 when the Perth Mint sold 87,000 ounces. The Perth Mint sales … Read More →
The People’s Bank of China Added 130,000 Ounces (4.04 Tons) of Gold to Reserves in October. Total reported People’s Bank of China gold reserves stand at 1842.56 tonnes. Pace of Gold Acquisition Continues to Moderate as Chinese Foreign Reserves Fall. PBOC foreign reserves fell from $3.166 trillion in September to $3.12 trillion in October, the … Read More →
U.S. Presidential Race/Outcome To Create Political, Economic and Market Turmoil. Federal Reserve Policy re Interest Rates Can’t Eliminate Impact of Political Uncertainty. Media Organizations Struggle with Profitability The top story of the week: Presidential race continues to dominate the news cycle. Wikileaks adds ‘spirit cooking‘ to the general lexicon. Hints of pending federal criminal indictment … Read More →
Sales of American Gold Buffalo Coins Jump 171% in October. U.S. Mint Sells 28,500 24K one ounce gold coins in October. American Gold Buffalo sales in October highest since January. The U.S. Mint sold 28,500 one ounce American Gold Buffalo coins in October, up 171% from 10,500 sold in October 2015. Sales of American Gold … Read More →
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