Arizona Legislature Ends Tax on Gold and Silver.
Texas House of Representatives passes bill approving bullion depository.
FBI Director Comey Fired.
Ransomware Cyber Attack Demands Bitcoin.
Indian and Chinese Gold Demand Surging; US Mint Demand Non-Existent
Swiss National Bank Reports Reduced Gold and Silver Mining Share Holdings
Check out all the Smaulgld podcasts here.
Not a Smaulgld subscriber? Sign up here.
Donate To Smaulgld.com via paypal
Top stories: James Comey fired. Global ransomware cyber attack implemented using NSA stolen malware. Culprits demand bitcoin payment. Fed chatter turns dovish.
Gold and Silver: Arizona Legislature Ends Tax on Gold and Silver, joins Idaho and Utah whose state legislatures have passed similar measures. Texas House of Representatives passes bill approving bullion depository. Utah also planning a gold and silver depository. Tennessee also considering opening a precious metals depository.
Gold and silver.
Gold closed last week at $1227.90 an ounce and closed this week at $1227.70 0%
Silver closed last week at $16.31 an ounce and closed this week at $16.44 +.07%
The gold and silver ratio ended the week at 75.16:1
Donate To Smaulgld.com via paypal
Please consider making a small donation to Smaulgld.com. Thanks!
Sign Up For Smaulgld.com Updates Here!
Donate To Smaulgld.com via paypal
Tweets of the Week
Ransomware Impact:
Down goes bitcoin
Bitcoin going to get smashed because of the bitcoin ransomware…
— Smaulgld (@Smaulgld) May 12, 2017
or UP!
Or companies will buy #bitcoin to hold in reserves as part of their cyber security strategies! @michaeltg
— Smaulgld (@Smaulgld) May 12, 2017
Charts of the Week
Here are the stories we wrote, followed or commented on.
May 8, 2017
From Smaulgld.com
VALUE OF THE SWISS NATIONAL BANK’S MINING SHARE PORTFOLIO FALLS 30%
SWISS NATIONAL BANK SLASHES GOLD AND SILVER MINING SHARE HOLDINGS
Gold
India’s April gold imports more than double from year ago – GFMS
Fed Chatter
MESTER: FED HAS STEPPED UP DISCUSSION OF FX IMPACT ON ECONOMY.
ST. LOUIS FED PRESIDENT BULLARD REPEATS VIEW FED DOES NOT NEED TO RAISE RATES ANY HIGHER
May 9, 2017
From Smaulgld.com
PEOPLE’S BANK OF CHINA, NOT CHINA, HALTS GOLD PURCHASES
Here comes Wish BOT!
Gold
Bullion-backed ETFs now two-thirds of precious-metals holdings
Chinese buyers snap up gold bars amid fears of war, falling yuan and property slump
US Economic Data
Wholesale Inventories +0.2% in March; Est. -0.1%
China
How China Is Keeping Its Financial System From Collapsing, In One Chart
May 10, 2017
From Smaulgld.com
REAL EXAMPLES OF GOLD AND SILVER MANIPULATION
Bitcoin
Doesnt this mean that because withdrawals are disabled, it forces people to keep their bitcoin, eliminating a lot of potential selling? https://t.co/HCVaJAy4T9
— Smaulgld (@Smaulgld) May 10, 2017
Gold
Could Breakthrough Cancer Treatments Raise Industrial Gold Demand?
Gold Imports by India Said to Rise More Than Four-Fold in April
Silver
Solar panel roof- cheaper than a regular roof
Fed Chatter
ROSENGREN: A LOT MORE STIMULUS COULD CAUSE FED TO HIKE FASTER. And vice versa
US Economic Data
U.S. Commerce’s Ross says 3 percent GDP growth not achievable this year. cc
U.S. April Import Prices Rose 0.5% M/m; Est. Up 0.1%
U.S. Mint Sales Update
U.S. Mint reported selling 450,000 American Silver Eagles and 500 American Gold Eagles today.
MTD American Silver Eagles sold 980,000 & American Gold Eagles sold 2,500
YTD American Silver Eagles sold 9,722,500/American Gold Eagles sold 129,500
The U.S. Mint reported selling 1,000 American Gold Buffalo coins.
MTD 2,000 sold
YTD 61,000 sold
The U.S. Mint sold 600 of the first America the Beautiful Coin of 2017 today – the Effigy Mounds National Monument coin. YTD Effigy Mounds ATB coins 21,200. The US Mint also sold 1200 Frederick Douglas National Historical Site ATB coins.
Total YTD ATB coin sales 21,200 Effigy Mounds National Monument coin and 19,600 Frederick Douglas National Historical Site ATB coins. Total 40,800
May 11, 2017
Smaulgld.com
US Economic Data
Fed Chatter
DUDLEY: NO GREAT URGENCY FOR FED TO TIGHTEN AGGRESSIVELY
DUDLEY: LATER THIS YR OR `18 FED LIKELY TO START B/SHEET SHRINK
BANK OF ENGLAND KEEPS KEY INTEREST RATE AT 0.25%; VOTE 7-1
Gold
Arizona Legislature Ends Income Taxation On Gold & Silver
Silver
Why you should be buying Silver right now
Solar demand provides much needed spark for silver
Trump silver rounds from BGASC.com
May 12, 2017
From Smaulgld.com
REQUEST FOR SMAULGLD SUBSCRIBER INTERVIEWEES
US Economic Data
Retail Sales: 0.4%, Exp. 0.6%
Retail sales less autos rose 0.3% in April, est. 0.5%
Online sales: +1.4%
J.C. Penney 1Q comparable sales -3.5%, est. -0.7%
CPI 2.2%, Exp. 2.3%:
The 1.9% YoY rise is the weakest print since Sept 2015.
Umich consumer sentiment 97.7, Exp. 97.0
Fed Chatter
EVANS: U.S. WAGES HAVE NOT BEEN GROWING STRONGLY
FED'S EVANS SAYS THERE IS MORE GEO-POLITICAL UNCERTAINTY NOW THAN THERE WAS 18 MONTHS, TWO YEARS AGO
FED'S EVANS SAYS AT THE MOMENT THE DOWNSIDE RISK STILL PREDOMINATES
FED'S EVANS SAYS MUST MAKE SURE WE CONFIDENTLY GET INFLATION RATE UP TO TARGET AND REFLECTED IN SHORT TERM INTEREST RATES
EVANS: DON'T WANT TO DISRUPT MARKET BY FED SHRINKING B/SHEET.
Atlanta Fed Latest forecast: 3.6 percent — May 12, 2017
U.S. Mint Sales Update
U.S. Mint reported selling 75,000 American Silver Eagles and 500 American Gold Eagles today.
MTD American Silver Eagles sold 1,055,000 & American Gold Eagles sold 3,000
YTD American Silver Eagles sold 9,847,500/American Gold Eagles sold 130,000
The U.S. Mint reported selling 1,000 American Gold Buffalo coins.
MTD 2,000 sold
YTD 61,000 sold
The U.S. Mint sold 0 of the first America the Beautiful Coin of 2017 today - the Effigy Mounds National Monument coin. YTD Effigy Mounds ATB coins 21,200. The US Mint old 400 Frederick Douglas National Historical Site ATB coins.
Total YTD ATB coin sales 21,200 Effigy Mounds National Monument coin and 20,000 Frederick Douglas National Historical Site ATB coins. Total 41,200
Check out all the Smaulgld podcasts here.
Not a Smaulgld subscriber? Sign up here.
Donate To Smaulgld.com via paypal
Donate To Smaulgld.com via paypal
Sign Up For Smaulgld.com Updates Here!
May 13, 2017
From Smaulgld.com
May 14, 2017
From Smaulgld.com
SHANGHAI GOLD EXCHANGE WITHDRAWAL SOLID IN APRIL
Donate To Smaulgld.com via paypal
Donate To Smaulgld.com via paypal
Sign Up For Smaulgld.com Updates Here!
Compare American Silver Eagles for sale at:
Golden Eagle Coins
SD Bullion
Money Metals Exchange
Donate To Smaulgld.com via paypal
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
Golden Eagle Coins
SD Bullion
Money Metals Exchange
Compare American Silver Eagles for sale at:
Golden Eagle Coins
SD Bullion
Money Metals Exchange
If you have enjoyed this report, please consider sharing it, buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to Smaulgld.com.
Please consider making a small donation to Smaulgld.com. Thanks!
Get Free Updates From Smaulgld.com
Subscribe to Smaulgld.com to receive free gold and silver updates, news and analysis.
Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.
You can support Smaulgld.com by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the BGASC, Money Metals Exchange, Gold Broker, Golden Eagle Coin, GoldMoney, SD Bullion and Canadian Mint ads on the site.
Browse Collectible Coins on Amazon
DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.
Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.
The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.
The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.
Send Litecoin to this address:
