Trump Says Fed is “Very Political, Yellen Should be Ashamed”.
Mexican Sales of Treasury Bonds Continues.Top Gold And Silver Stories from the week ended September 17, 2016.
The top story of the week: Donald Trump made some incendiary statements about the Fed, Janet Yellen and Obama in two interviews with CNBC. Hillary Clinton collapses at 9/11 ceremony.
Top economic stories of the week: Duetsche Bank and Wells Fargo under fire. DB from US regulators wanting a $14 billion fine over mortgage fraud from 2005-2007 and Wells Farco for creating millions of false accounts.
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Gold and silver
Gold closed last week at $1327.80 and closed this week at $1310.00. (1.3%)
Silver closed last week at $19.03 closed this week at $18.75 ( -1.5%)
The gold and silver ratio ended the week at to 69.83:1
Charts of the Week
You Tube Notes to this report
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Here are the stories we wrote, followed or commented on.
September 11, 2016
Hillary Clinton has a “medical episode” at 9/11 ceremony in New York.
September 12, 2016
From Smaulgld.com
THE CME GROUP VOLUME TRADING DISCOUNT FOR FOREIGN CENTRAL BANKS
The Fed
TRUMP on CNBC: Janet Yellen should be ‘ashamed’ of what she’s doing to the country
CNBC: “Trump made a series of wild statements about the Federal Reserve” Trump shows lack of discipline
Fed Chatter
Fed’s Brainard warns against moving too quickly on rate hikes a donor to Hillary Clinton’s campaign.
The last speech before the meeting and the meeting minutes won’t be out till October – with their it was a close call, rate hikes still on the table, data dependent etc
U.S. Mint Sales Update
U.S. Mint reported selling 0 American Silver Eagles and 2,000 American Gold Eagles today.
MTD American Silver Eagles sold 340,000 & American Gold Eagles sold 19,500
YTD American Silver Eagles Sold 29,210,500 /American Gold Eagles sold 505,500
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 0 American Gold Buffalo coins.
MTD 4,500 sold
YTD 134,500 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 (29,000)
September 13, 2016
From Smaulgld.com
Gold
Desperation and Death Underneath South Africa’s City of Gold
Gold industry demands air transport restrictions
Indian Gold falls on muted demand; silver remains weak – The Hindu
Russia’s VTB bank to supply 15-20 T of gold to China in next 12 months
Silver
Chinese mint exports 6,700 medals with panda images to US
U.S. Economic Data
NFIB small business optimism: 94.4, Last 94.6
U.S. household income posts record surge in 2015, poverty falls
Fed Resignations
Atlanta Fed President To resign next year
Central Banks’ Expanding Mandates Raise Independence Questions
U.S. Mint Sales Update
U.S. Mint reported selling 640,000 American Silver Eagles and 4,500 American Gold Eagles today.
MTD American Silver Eagles sold 950,000 & American Gold Eagles sold 24,000
YTD American Silver Eagles Sold 29,850,500 /American Gold Eagles sold 510,500
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 0 American Gold Buffalo coins.
MTD 4,500 sold
YTD 134,500 sold
The U.S. Mint Reported selling 1,000 Theodore Roosevelt National Park five ounce silver America The Beautiful Coins.
YTD Sales of Harpers Ferry coins – 36,100
YTD Sales of Theodore Roosevelt National Park 30,000
September 14, 2016
From Smaulgld.com
THE DARK SIDE OF CENTRAL BANK INTERVENTION
Gold
Reuters Big money placing best on “esoteric” assets like gold!
Rare Gold Coin Found at Mt. Zion Jerusalem
Central Banks
Bank of Japan to Make Negative Interest Rate Centerpiece of Policy
Citi: Markets Addicted to Central Bank Backstop
U.S. Economic Data
August US Import Prices -0.2% M/M, Exp. -0.1%
Mexican Peso Wipes Out Advance as Poll Puts Trump Ahead in Ohio
Mexico Dumps US Treasuries as Trump Marches Closer to Presidency
Income gains not what they appear to be
September 15, 2016
From Smaulgld.com
WHY THE GOLD SILVER RATIO DOESN’T HAVE TO RETURN TO 16:1
CME Group to seize on popularity of gold/silver ratio with new futures
Gold
Indian Gold demand down 77% in August
Holding Gold is Getting Scary! (as yields rise LOL)
Quick buy tesla
Coverage from the Chicago Tribune
Silver
Endeavour to buy Mexican exploration properties from Silver Standard
The Gold Silver Ratio
US Economic Data
PPI 0.0%, Exp.0.1%, Last -0.2%
Initial Claims 260K, Exp. 265K, Last 259K
Internet retailers -0.3%
Retail Sales -0.3%; Exp. -0.1%
SIS BOOM BAH! from Marketwatch The slowdown is not necessarily bad news.
Sales: “ROBUST!” “SOLID” “STRENGTHENING” “Q3 GDP +3.5%!” “ECONOMY CHUGGING ALONG” “OVERHEATING RISK” “RATE HIKES!”
Sales: "ROBUST!" "SOLID" "STRENGTHENING" "Q3 GDP +3.5%!" "ECONOMY CHUGGING ALONG" "OVERHEATING RISK" "RATE HIKES!" https://t.co/wWyeSL0kr6
— Smaulgld (@Smaulgld) September 15, 2016
Industrial Production -0.4%, Exp.-0.2%, Last +0.7%
Business Inventories 0.0%, Exp. 0.1%
Dollar Rallies on Sub par industrial production, inflation, retail sales numbers!
Gold and Silver Falling because ALL the economic data today was SOLID and ROBUST and the Fed is going to Raise Rates!! & Hillary is Well!
#Gold and #Silver Prices – Just Becausehttps://t.co/Ex2X1pInfghttps://t.co/qjSAX2Lc2U pic.twitter.com/hGJ5GOqLHf
— Smaulgld (@Smaulgld) September 15, 2016
Pound Slumps
@FerroTV what happened -new vote to leave northern hemisphere?
— Smaulgld (@Smaulgld) September 15, 2016
Central Banks
SNB says their currency is too valuable, will continue negative rates
Trump on the Fed
Trump: The Fed is political ‘beyond anything I would have ever thought possible’
Trump daring the Fed
Trump's attacks on the Fed are almost DARING them to raise rates to crash to stock market and hand him the election #fed #gold #silver
— Smaulgld (@Smaulgld) September 15, 2016
U.S. Mint Sales Update
U.S. Mint reported selling 0 American Silver Eaglesand 5,000 American Gold Eagles today.
MTD American Silver Eagles sold 950,000 & American Gold Eagles sold 29,500
YTD American Silver Eagles Sold 29,850,500 /American Gold Eagles sold 515,500
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 1,500 American Gold Buffalo coins.
MTD 6,000 sold
YTD 136,000 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 30,000
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
September 16, 2016
From Smaulgld.com
HOW LONG HAVE CENTRAL BANKS BEEN BUYING MINING SHARES? – PODCAST
Platinum
US Economic Data
CPI 0.2%, Exp. 0.1%
CPI ex food/energy 0.3%, Exp. 0.2%
Inflation inching up while growth falls-stagflation
— Smaulgld (@Smaulgld) September 16, 2016
Rent and Health Care Help Boost Inflation Rate Closer Fed’s “Target”– (the Fed thinks this is a good thing)
Mexican Peso Crashes To Record Lows As Trump Odds Surge While correlation is not causation
Reuters on record low Mexican Peso
Deutesche Bank asked to pay $14 Billion to settle mortgage fraud charges
One Billion USD heads to Russia
U.S. Mint Sales Update
U.S. Mint reported selling 100,000 American Silver Eaglesand 8,500 American Gold Eagles today.
MTD American Silver Eagles sold 1,050,000 & American Gold Eagles sold 38,000
YTD American Silver Eagles Sold 29,950,500 /American Gold Eagles sold 524,000
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 1,500 American Gold Buffalo coins.
MTD 7,500 sold
YTD 137,500 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 30,000
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September 17, 2016
De-Dollarization
Libya to Sell Oil to Egypt for Egyptian Pounds
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