U.S. Political Instability May Boost Gold and Silver: ICYMI Week Ended 10/29/2016 – Podcast

FBI Reopens Hillary Clinton Crimminal Investigation after emails found on Clinton Aide, Huma Abedin/Anthony Weiner computers/devices.

Huma Abedin’s computer and email address linked to Clinton Private Server.

Wikileaks Reveals President’s Knowledge of Clinton’s Private Email Server.

Wikileaks Reveals Clinton Inc. “Circle of Enrichment”

WSJ: Why isn’t the IRS investigating the Clinton Foundation?

Top Gold And Silver Stories from the week ended October 29, 2016.

US Attorney General Loretta Lynch “Takes the Fifth” in Response to Written Congressional Questions Relating to the Iran Deal.

Ms. Lynch who met with Bill Clinton on the Phoenix Airport Tarmac before the FBI findings of the Clinton Investigation were released, purportedly tried to stop the release of the Comey letter to Congress.

The Lowest Cost. Period.

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The top story of the week: FBI TO REOPEN CLINTON EMAIL CASE.

Wikileaks show Clinton campaign manager lost his phone getting out of a cab, his staff was aware that his gmail account was compromised and had a password similar to ‘pa$$w0rd’. Yet DNC, Hillary Clinton and “US intelligence agencies” blame the Russians.

The Press

The press largely ignored the Clinton Inc, Wikileaks and Project Veritas information chosing instead to tout polls showing Hillary Clinton with a 11-12 point lead over Donald Trump.

The press, Ms. Clinton and the President also ridiculed and dismissed any charges that elections can be rigged, while having insisted in the past that elections can and have been rigged.

FBI Move- Why Now?

  • Diversion from damaging effect of Wikileaks, project vertias revelations (inciting violence at Trump rallies)
  • Attempt to rehabilitate the FBI’s Comey’s reputation restore confidence (but only if an indictment if forthcoming, if done with no intention of pursuing the case further reputation will be further damaged)
  • Get ahead of any leaks of the Weiner emails (emails that the FBI had, or should have had already that would have formed part of their investigation)
  • Get ahead of any new Clinton/Podesta emails about to be released that show intent or further blatant examples of ‘extremely careless handling of classified information’. (emails that the FBI had, or should have had already)
  • Have an investigation open to be able to respond to obvious questions regarding why Ms. Clinton was not questioned under oath, the Abedin devices/emails were not retreived earlier and Obama’s role in supervising not examined.

Confidence Destroying

Attempts to make Trump look unfit, are overshadowed by blatant examples of government corruption and press collusion. Who is more inept, more dangerous?

End of the Two Party System?

US political stability based in part on the two party system. Has it been destroyed? Neither party seems to have represented the will of its party members. Both parties tries to stop popular candidates. What happens to GOP/DEMS after the election if Trump wins? if Clinton wins?

Top Economic Stories: Third Quarter GDP Hits 2.9% driven by soybean exports and spending on utilities and obamacare. Stock market and US dollar – both U.S. strategic assets cling to recent highs.

Fed strategy?- raise interest rates, buy stock if market crashes.

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Gold and silver

Gold closed last week at $1265.70 and closed this week at $1274.70( +0.7 %)

Silver closed last week at $17.50 and closed this week at $17.73 (+1.3%)

The gold and silver ratio ended the week at 71.94:1

gold-silver-ratio-one-month-october-28-2016

You Tube Notes to this report

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Here are the stories we wrote, followed or commented on.

October 24, 2016

From Smaulgld.com

STRONG MONSOON SEASON IN INDIA EXPECTED TO BOOST GOLD DEMAND

Gold

Indian Gold refineries resume operation as discount ends

Gold Fields to spend $1.4 billion to extend life of Ghana mine

Indian anti-physical gold propaganda- why you should buy paper not physical gold

http://economictimes.indiatimes.com/markets/commodities/news/make-your-gold-purchase-count-this-diwali-but-no-jewellery-please/articleshow/55008286.cms same story buy etf- no jewlery please!

Gold coin worth £250,000 discovered in child’s pirate treasure collection

US Economic Data

US Manufacturing PMI 53.2, Exp. 51.5, Last 51.5

Fed Chatter

BULLARD: DECEMBER IS ‘MOST LIKELY’ FOR RATE INCREASE

Market Watch Fed only needs to nudge up interest rates despite being close to its targets, Bullard says

The reason is a low real rate of return on safe assets, St. Louis Fed president says (AS WE HAVE BEEN SAYING!)

Chicago Fed President Evans ” may need to keep interest rates lower for longer to convince investors and the public that the central bank is serious about reaching its 2-percent inflation target” but wants 3 hikes before end of 2017

U.S. Mint Sales Update

U.S. Mint reported selling 175,000 American Silver Eagles and 11,500 American Gold Eagles today.

MTD American Silver Eagles sold 3,600,000 & American Gold Eagles sold 88,000
YTD American Silver Eagles Sold 34,175,500/American Gold Eagles sold 653,000

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

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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 3,000 American Gold Buffalo coins.

MTD 23,000 sold

YTD 172,000 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 32,100

October 25, 2016

From Smaulgld.com

FED PRESIDENT BULLARD ADMITS WHAT WE HAVE BEEN SAYING ALL ALONG – PODCAST

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From Smaulgld.com

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US Economic Data

Case Shiller +5.13% Y/Y, Exp. 5.0%, Last 5.02%

Matches all time high home prices of 2006

The Dark Side of Rising Home Prices

Bloomberg Consumer Confidence 98.6, Exp. 101.5, Last 104.1 (downwardly revised to 103.5)

Richmond Fed Oct. -4, Exp. -4, Last -8

Fed Chatter

FED’S WILLIAMS SAYS BEST TIME FOR RATE RISE IS DECEMBER: WSJ. rate hike odds now above the Fed threshold of 70%

U.S. Mint Sales Update

U.S. Mint reported selling 75,000 American Silver Eagles and 2,000 American Gold Eagles today.

MTD American Silver Eagles sold 3,675,000 & American Gold Eagles sold 90,000
YTD American Silver Eagles Sold 34,250,000/American Gold Eagles sold 655,000

Compare American Silver Eagles for sale at:

BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange

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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 1,000 American Gold Buffalo coins.

MTD 24,000 sold

YTD 173,000 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

October 26, 2016

From Smaulgld.com

U.S. Economic Data

Sept New Home Sales 593K, Exp. 600K, Aug. revised lower to 575K from 609K

Markit Services Flash PMI 54.8; Est. 52.5

MBA Mortgage Applications -4.1%, Last +0.6%
Refis: -2%; Purchases -7%

Gold

Price Premium Returns for Diwali But India’s Gold Industry Struggling

Gold in UAE: How Diwali can impact prices
Dhanteras is the perfect time to buy Indian Gold Coin! Here’s how

Indian Gold Coin (alternative to paper gold and jewlery)

Gold, silver scale higher on festive mood

There’s a new ATM that dispenses gold coins (in India)

Silver

Mine Tales: Operation north of Phoenix was big silver producer

Compare American Silver Eagles for sale at:

BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange

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October 27, 2016

From Smaulgld.com
IS RUSSIA PREPARING TO SELL HER GOLD? – PODCAST

Gold

Governer of CBL: Al-Serraj wanted to sell Libya’s gold reserves

Should investors buy #gold this Dhanteras?

Turn your voice into solid gold with this 3D-printed ring

US Economic Data

Durable Goods -0.1%, Exp. 0.1%

Initial Claims 258K,Est. 256K

Atlanta Fed GDPNow final estimate for 3Q at 2.1% Ahead of US GDP 3Q release tomorrow.

U.S. Mint Sales Update

U.S. Mint reported selling 0 American Silver Eagles and 4,000 American Gold Eagles today.

MTD American Silver Eagles sold 3,675,000 & American Gold Eagles sold 94,000
YTD American Silver Eagles Sold 34,250,000/American Gold Eagles sold 659,000

Compare American Silver Eagles for sale at:

BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange

Buy American Silver Eagle Coins

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 24,500 sold

YTD 173,500 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

October 28, 2016

From Smaulgld.com

Gold

Diamonds and Platinum grab spotlight from gold and silver this Diwali season

Silver

US Economic Data

Consumer sentiment hits 87.2 in October vs. 88.2 estimate

Q3 GDP 1st estimate: 2.9%, Exp. 2.5%

Soy backed currency?

GDP was 0.9% excluding soybean exports, inventory and Obamacare. Soybeans accounted for one third of GDP growth.

U.S. Mint Sales Update

U.S. Mint reported selling 0 American Silver Eagles and 0 American Gold Eagles today.

MTD American Silver Eagles sold 3,675,000 & American Gold Eagles sold 94,000
YTD American Silver Eagles Sold 34,250,000/American Gold Eagles sold 659,000

Compare American Silver Eagles for sale at:

BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange

Buy American Silver Eagle Coins

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 1,000 American Gold Buffalo coins.

MTD 25,500 sold

YTD 173,500 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


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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