Fed Chair Janet Yellen Expresses Hope and Belief there will be no Financial Crisis.
Yellen echoes other “timely’ predictions: “Peace in our time” “This time is different” and “A record to stand for all time”.
Trump Goes on a Media Bashing Spree.
Gold posts first monthly loss this year.
Gold sales at U.S. Mint drop further while Indian and Chinese demand remains strong.
Cryptocurrencies have another volatile week.
Video Commentary to “I Hope and Don’t Believe There Will be Another Financial Crisis in Our Lifetimes”
You can buy Bitcoin, Ethereum and Litecoin through Coinbase.
Click HERE to open a coin base account and get $10 of free Bitcoin.*
Trump vs the Media
Top stories: President Trump emboldened by hidden camera interviews by Project Veritas with a CNN commentator and producers (Russian Narrative is BS, Van Jones Russian Story is a Nothing Burger” and 90% of CNN thinks Trump is crazy) that express doubt over the Trump/Russian narrative, launches attack on CNN labelling them Fraudulent News.
#FraudNewsCNN #FNN pic.twitter.com/WYUnHjjUjg
— Donald J. Trump (@realDonaldTrump) July 2, 2017
The President also labeled morning talk show hosts Mika Brzezinski, “Low IQ Mika” (later called her “dumb as a rock Mika”) and and Joe Scarborough, “Psycho Joe.” (who recently released an anti-trump music video entitled “Mystified“)
The House passed Kate’s Law and the Supreme Court partially upheld the President’s travel ban.
Issues:
are laws “President specific”
are non US citizens with no nexus to the United States other than a desire to enter, afforded the protections of the US Constitution.
Economy
Yellen yacks and predicts at the British Academy:
“My good friends, for the second time in our history, a British Prime Minister has returned from Germany bringing peace with honour. I believe it is peace for our time…Go home and get a nice quiet sleep.” Neville Chamberlain, Prime Minister of Great Britain, September 30, 1938 on the eve of World War II.
Define financial crisis- market based where central bank intervene heavily and perhaps can intervene even more if necessary?
The Man Who Saved Us From the Biggest War of All – Neville Chamberlain
Charts of the Week
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Gold and silver.
Gold closed last week at $1256.60 an ounce and closed this week at $1241.20 -1.2%
Silver closed last week at $16.68 an ounce and closed this week at $16.70 unchanged
The gold and silver ratio ended the week at 74.73:1
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Tweets of the Week
Another gold (and silver) slam down on Monday June 26.
How can someone sell One Million Ounces of #Gold they don't have "by mistake"? @TFMetals @SGTreport
— Smaulgld (@Smaulgld) June 26, 2017
Here are the stories we wrote, followed or commented on.
June 26, 2017
Gold
Gold Plunges After 1.8 Million Ounces Were Traded in One Minute
U.S. Mint Sales Update
U.S. Mint reported selling 205,000 American Silver Eagles and 500 American Gold Eagles today.
MTD American Silver Eagles sold 911,000 & American Gold Eagles sold 3,500
YTD American Silver Eagles sold 12,158,500/American Gold Eagles sold 140,500
The U.S. Mint reported selling 500 American Gold Buffalo coins.
MTD 1,500 sold
YTD 65,500 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 35,000. The US Mint sold 0 Frederick Douglas National Historical Site ATB coins and 0 of the Ozark National Scenic Riverways.
Total YTD ATB coin sales 35,000 Effigy Mounds National Monument coins, 20,000 Frederick Douglas National Historical Site and 20,000 Ozark National Scenic Riverways ATB coins. Total 75,000
June 27, 2017
Gold
Gold Jump Sees Talk of Fat Finger’s Return
Purchase of 815,000 ounces after 1.8 million-ounce sale Monday
Project veritas – CNN producer Russian story is BS
Fed Chatter
Fed’s Williams sees advanced economies stuck in low growth mode
FED’S HARKER SAYS EXPECTS 2.3 PCT U.S. GDP GROWTH IN 2017. IMF does not
YELLEN: DON’T EXPECT ANOTHER CRISIS IN OUR LIFETIMES
US Economic Data
Consumer Confidence 118.9, Exp. 117.6
Case Shiller April 5.7% Y/Y, Exp. 5.9%, Last 5.9%
Cryptocurrencies
World Economic Forum
Click to access WEF_Realizing_Potential_Blockchain.pdf
June 28, 2017
From Smaulgld.com
Project veritas – Van Jones Russia is a nothing burger
Gold
President Trump: Replace The Dollar With Gold As The Global Currency To Make America Great Again
Russian Bank Dangles Karat of Gold Sales to Chinese Lenders
US Economic Data
Retail Inventories rose 0.6% in May
US Advance Trade Goods Deficit May $65.9BN, Exp. $66.2BN, Last $67.55BN
Pending Home Sales -0.8%, Exp. 0.8%, Last -1.7%
June 29, 2017
From Smaulgld.com
Gold
India’s Paytm sees 100% month-on-month growth in gold purchases
Rare gold coin on repose technique unearthed in Chhattisgarh
Gabriel Seeks $4.4 Billion After Decades Wait for Romanian Gold
US Economic Data
Q1 GDP final revision: 1.4%, Exp. 1.2%
Claims 244K, Exp. 240K, Last 242K
Corporate Profits -2.7%, Last -2.5%
June 30, 2017
From Smaulgld.com
China to continue to pile on debt -expects stable increase in foreign debt – People’s Daily Online
Gold
HKEX set to launch ‘physically delivered’ gold futures in Hong Kong and London
Russia’s Polyus gold company returns to London, UK investors take half of share offer
US Economic Data
UMich 95.1, Exp. 94.5, Last 94.5
Chicago PMI 65.7, Exp. 58.0
Personal Income 0.4% Exp. 0.3%
Personal Spending 0.1%, Exp. 0.1%
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 986,000 & American Gold Eagles sold 4,000
YTD American Silver Eagles sold 12,233,500/American Gold Eagles sold 141,000
The U.S. Mint reported selling 500 American Gold Buffalo coins.
MTD 2,000 sld
YTD 66,000 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 35,000. The US Mint sold 0 Frederick Douglas National Historical Site ATB coins and 0 of the Ozark National Scenic Riverways.
Total YTD ATB coin sales 35,000 Effigy Mounds National Monument coins, 20,000 Frederick Douglas National Historical Site and 20,000 Ozark National Scenic Riverways ATB coins. Total 75,000
July 1, 2017
Smaulgld.com
AMERICAN GOLD BUFFALO SALES NEAR EXTINCTION
July 2, 2017
Is gold backed by anything?
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Compare American Silver Eagles for sale at:
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Golden Eagle Coins
SD Bullion
Money Metals Exchange
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You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
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