Trump Economic Nationalism – Infrastructure, Re-Industrialization, Military Spending, Preserve Social Security & Part of Obamacare, Tax Cuts.
How will Trump pay for it? Default?
Dow Jones Hits All Time High as Obama Set to Leave Office
Dollar at 14 year high, as US Treasuries being dumped
Will Fed Raises Rates in December, Crash markets as Trump Becomes President?
Trump names new CIA Director, Attorney General
The War on Fake News Begins
Trump breaks media protocol- will MSM be left in the dark?
US Mint Halts Sales of American Silver Eagles
India’s War on Cash Gets Messy
The top story of the week:
Trump transition.
Top economic story of the week: Dollar continues to soar.
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Gold and silver
Gold closed last week at $1227.60 an ounce and closed this week at $1207.40 (-1.6%)
Silver closed last week at $17.36 an ounce and closed this week at $16.55 ( -4.7%)
The gold and silver ratio ended the week at 73:1
Chart of the week
You Tube Notes to this report
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Here are the stories we wrote, followed or commented on.
November 14, 2016
Gold
How Gold could hit $2,000 under Trump
Gold could break $1200 under with inflation under Trump
Inflation they are saying is pushing the dollar higher?
WSJ:Investors Ditch Gold After Trump’s Win – cites faith in economy under Trump
Silver
“brides today don’t want anything silver”
November 15, 2016
From Smaulgld.com
INDIAN CURRENCY BAN INSANITY UPDATE
US Economic Data
Retail Sales Oct. 0.8%, Exp. 0.6%
Retail Sales ex autos 0.8%, Exp. 0.5%
US import prices rose 0.5% in Oct vs. 0.4%
Empire Fed 1.5%, Exp. -2.5
Bank of International Settlement- Strong Dollar Threat to Global Stability
Fed Chatter
Fed won’t be easily swayed from December rate hike: Rosengren
Gold
Egypt invites gold miners to explore for first time since 2009
Islamic investors could ignite the gold bull market
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U.S. Mint Sales Update
U.S. Mint reported selling 1,250,000 American Silver Eagles and 18,500 American Gold Eagles today.
MTD American Silver Eagles sold 1,895,000 & American Gold Eagles sold 56,000
YTD American Silver Eagles Sold 36,295,500 /American Gold Eagles sold 721,500
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 7000 American Gold Buffalo coins.
MTD 15,500 sold
YTD 193,000 sold
The U.S. Mint Reported selling 2,300 Theodore Roosevelt National Park five ounce silver America The Beautiful Coins and 24,800 Fort Moultrie (Fort Sumter National Monument)
YTD Sales of Theodore Roosevelt National Park 35,200. Fort Moultrie (Fort Sumter National Monument) 24,800.
November 16, 2016
US Economic Data
Industrial Production 0.0%, Exp. 0.2%, Last 0.1%
Manufacturing Production 0.2%, Exp. 0.3%, Last 0.2%
MBA Mortgage Apps tumble -9.2%, Refis -11%, Purchases -6%.
PPI M/M 0.0%, Exp. 0.3%
PPI Y/Y 0.8% , Exp. 1.2%, Last 0.7%
Core PPI 1.2%, Exp. 1.5% Y/Y
Fed Chatter
Fed’s Bullard: Fed rate hike in December – one and done unless surprise “pace of rate hikes”-
Remember Yellen in 2014? “The PACE of rate hikes is more important than WHEN we finally raise” SO ONE 1/4% HIKE A YEAR?
U.S. Mint Sales Update
U.S. Mint reported selling 0 American Silver Eagles and 10,500 American Gold Eagles today.
MTD American Silver Eagles sold 1,895,000 & American Gold Eagles sold 66,500
YTD American Silver Eagles Sold 36,295,500 /American Gold Eagles sold 732,000
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
American Silver Eagle Coins” border=”0″ />
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 17,500 sold
YTD 195,000 sold
The U.S. Mint Reported selling 0 Theodore Roosevelt National Park five ounce silver America The Beautiful Coins and 0 Fort Moultrie (Fort Sumter National Monument)
YTD Sales of Theodore Roosevelt National Park 35,200. Fort Moultrie (Fort Sumter National Monument) 24,800.
November 17, 2016
US Economic Data
Initial Claims 235K, Exp. 257K
Housing Starts 1323K, Exp. 1156K
CPI 0.4%, Exp. 0.4%
Philly Fed 7.6, Exp. 7.8, Last 9.7
Atlanta Fed raises Q4 GDP nowcast to 3.6% from 3.3%
Fed Chatter
Yellen- Rate hike appropriate soon
U.S. Mint Sales Update
U.S. Mint reported selling 150,000 American Silver Eagles and 2,500 American Gold Eagles today.
MTD American Silver Eagles sold 2,045,000 American Gold Eagles sold 69,000
YTD American Silver Eagles Sold 36,445,500 /American Gold Eagles sold 734,500
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 19,500 sold
YTD 197,000 sold
The U.S. Mint Reported selling 0 Theodore Roosevelt National Park five ounce silver America The Beautiful Coins and 0 Fort Moultrie (Fort Sumter National Monument)
YTD Sales of Theodore Roosevelt National Park 35,200. Fort Moultrie (Fort Sumter National Monument) 24,800.
November 18, 2016
From Smaulgld.com
RUSSIA’S CENTRAL BANK ADDS A RECORD 1.3 MILLION OUNCES OF GOLD TO RESERVES IN OCTOBER
India’s War on Cash
Bill Gates Backs Indian Rupee Ban
Indian Tax man may come calling on gold buyers
People dying, committing suicide -cash may take 6 months to replace
Indian gold premiums hit two year highs
4,000 kg of gold sold in just 2 days (128,000 ounces =to China’s October reserve additions)
US Economic Data
U.S. Mint Sales Update
U.S. Mint reported selling 151,000 American Silver Eagles and 5,500 American Gold Eagles today.
MTD American Silver Eagles sold 2,196,000 American Gold Eagles sold 74,500
YTD American Silver Eagles Sold 36,596,500 /American Gold Eagles sold 740,000
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 500 American Gold Buffalo coins.
MTD 20,000 sold
YTD 197,500 sold
The U.S. Mint Reported selling 0 Theodore Roosevelt National Park five ounce silver America The Beautiful Coins and 0 Fort Moultrie (Fort Sumter National Monument)
YTD Sales of Theodore Roosevelt National Park 35,200. Fort Moultrie (Fort Sumter National Monument) 24,800.
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