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 over Hillary Clinton’s handling of classified information, pay-for play and rumors of sordid sexual/occult activities cast shadow over Clinton campaign. Trump has assassination scare in Reno.
Clinton victory= continued investigations, possible criminal indictment.
Trump victory = uncertainty re foreign policy, trade, government spending.
Both candidates have large number of supporters who hold intractable opposing views towards to their opponents. #nevertrump #neverhillary #demagogue #racist #EXISTENTIALTHREAT #hillaryforprison #rapist
Breakdown of two party system- on party nominated a candidate under federal criminal indictment, the other failed to nominate a traditional politically experienced candidate.
Top economic story of the week: Stock market falls nine days in a row- longest losing streak since 2008.
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Gold and silver
Gold closed last week at $1274.70 an ounce and closed this week at $1304.00 ( +2.4%)
Silver closed last week at $17.73 an ounce and closed this week at $18.41 (+3.8%)
The gold and silver ratio ended the week at 70.83:1
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 31, 2016
From Smaulgld.com
SEPTEMBER INDIAN GOLD IMPORTS RISE 63% MONTH OVER MONTH
Venezuelans now weighing cash rather than counting it due to hyper inflation.
Gold
Dhanteras: A Festival That Dazzles With Silver and Gold
US Economic Data
Personal Income 0.3%, Exp. 0.4%, Last 0.2%
Personal Spending 0.5%, Exp. 0.4%, Last 0.0%
Chicago PMI 50.6, Exp. 54.0, Last 54.2
U.S. Mint Sales Update
U.S. Mint reported selling 150,000 American Silver Eagles and 6,500 American Gold Eagles today.
MTD American Silver Eagles sold 3,825,000 & American Gold Eagles sold 105,500
YTD American Silver Eagles Sold 34,400,500/American Gold Eagles sold 665,500
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 20,000 American Platinum Eagle coins sold.
The U.S. Mint reported selling 5,000 American Gold Buffalo coins.
MTD 28,500 sold
YTD 177,500 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 32,600
November 1, 2016
From Smaulgld.com
AMERICAN GOLD EAGLE SALES SOAR 287% IN OCTOBER – PODCAST
October’s sales were the highest monthly total in 2016.
Gold
Central Bank of Mongolia procures 13.7 tons of gold
Reuters: China’s gold consumption fall 13 pct in first nine months of 2016.
Gold on Road to Recovery Triggered by festival season
“solid” “robust” and “strengthening”
NY Time reports massive decline in profit- just $400K in net income.
Colleges next….
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US Economic Data
US Mfg PMI 53.4, Exp. 53.2, Last 53.2
U.S. Mint Sales Update
U.S. Mint reported selling 220,000 American Silver Eagles and 1,000* American Gold Eagles today.
MTD American Silver Eagles sold 220,000 & American Gold Eagles sold 1,000
YTD American Silver Eagles Sold 34,620,500/American Gold Eagles sold 665,500 (no change)
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 2,000 American Gold Buffalo coins.
MTD 3,000 sold
YTD 180,500 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 32,900
November 2, 2016
From Smaulgld.com
AMERICAN SILVER EAGLE SALES REBOUND 128% IN OCTOBER – PODCAST
U.S. Economic Data
Private companies created 147,000 jobs in October vs 165,000 jobs expected: ADP
ADP Employment Report Sinks To Weakest Since April 2013
ISM NY Oct 49.2, Sept. 49.6
U.S. Mint Sales Update
U.S. Mint reported selling 0 American Silver Eagles and 8,000 American Gold Eagles today.
MTD American Silver Eagles sold 220,000 & American Gold Eagles sold 8,000
YTD American Silver Eagles Sold 34,620,500/American Gold Eagles sold 673,500
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
The U.S. Mint reported selling 1,000 American Gold Buffalo coins.
MTD 1,000 sold
YTD 178,500 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 32,900
November 3, 2016
From Smaulgld.com
AMERICAN GOLD BUFFALO SALES RISE 171% IN OCTOBER
Gold
Randgold profits surge as gold production gets back on track
Kinross beats expectations
Small towns drive online gold sales this Dhanteras
Fosun International Ltd, to buy stake in Russia’s largest gold miner Polyus?
US Economic Data
Initial Claims 265K, Exp. 256K
ISM Non-Mfg 54.8, Exp. 56.0, Last 57.1
Factory Orders 0.3%, Exp. 0.2%
U.S. Mint Sales Update
U.S. Mint reported selling 0 American Silver Eagles and 2,500 American Gold Eagles today.
MTD American Silver Eagles sold 220,000 & American Gold Eagles sold 10,500
YTD American Silver Eagles Sold 34,620,500/American Gold Eagles sold 676,000
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 20,000 American Platinum Eagle coins sold.
The U.S. Mint reported selling 2,500 American Gold Buffalo coins.
MTD 3,500 sold
YTD 181,000 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 32,900
November 4, 2016
US Economic Data
October NFP 161K, Exp. 173K
Yahoo Finance The October jobs report was perfect for Hillary Clinton.
CNBC Latest SHILLARY Headline: Jobs report could help Hillary Clinton win the election.
Op-Ed: Jobs report could help Hillary Clinton win the election
U.S. trade deficit hits one-and-a-half year low on rising exports $36.4 billion,
Fed Chatter
Fed’s Lockhart U.S. rate increases to be ‘very’ gradual
U.S. Mint Sales Update
U.S. Mint reported selling 0 American Silver Eagles and 6000 American Gold Eagles today.
MTD American Silver Eagles sold 220,000 & American Gold Eagles sold 16,500
YTD American Silver Eagles Sold 34,620,500/American Gold Eagles sold 682,000
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 20,000 American Platinum Eagle coins sold.
The U.S. Mint reported selling 1000 American Gold Buffalo coins.
MTD 4,500 sold
YTD 182,000 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 32,900
INDIAN SILVER IMPORTS FALL 78% IN SEPTEMBER
What’s up next week? Silver mining production through the third quarter, Deutsche Bank, US and Perth Mint gold and silver sales.
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