In Case You Missed It – Week Ended December 12, 2015.

Stories from the week ended December 12, 2015.

This week’s major stories involved political changes in the world. Presidential candidate Donald Trump advocated a travel ban on Moselems and his support rose. Socialists were voted out of office in Venezuela. The far right party in France won elections over the socialists and conservatives. Argentina’s new party that recently defeated the socialists, took steps to remove capital controls.

The main economic news was the continued analysis over the strength of the U.S. economy and whether the Fed was ready to raise interest rates next week.

Gold, silver and platinum ended the week down.

Gold closed last week at $1086.30and closed this week at $1074.20

Silver closed last week at $14.55 and closed this week at $13.89

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

December 5, 2015

Gold and Silver

Shipwreck Treasure found off the coast of Columbia

From Smaulgld.com

American Gold Premiums Rise as US Mint Halts Production

American Gold Eagle premiums rose as the U.S. Mint halted production in November

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

December 6, 2015

Gold

The first of the weeks anti gold stories from CNBC:

India’s CNBC cites low gold demand

European Politics

French Nationalists win elections

South American Politics

New Argentine government looks to abolish capital controls

December 7, 2015

Gold

Daily CNBC Gold Bash: Gold could plunge another $500

CNBC with another gold bash: It’s going to get much worse for gold: Technician

From Smaulgld.com

China announced they had added twenty one tons of gold to its reserves in November– the most since they started monthly reporting of gold reserves earlier this year.

Chinese gold reserves grew by 21 tonnes in November.

United State Politics

Trump calls for ban on Muslim travel into the US

European Politics

National Front wins regional elections in France

South American Politics

Venezuela’s socialists lose elections

December 8, 2015



European Economy

Euro economy grows 0.3% in third quarter

United States Politics

Mark Levin to Obama -Something is seriously wrong with you

Fox analyst calls Obama a pussy

From Smaulgld.com

Silver

America the Beautiful coins- the U.S. Mint’s five ounce silver bullion coin sold out

The U.S. Mint sold out of five ounce America the Beautiful coins in December.

Gold

India and Gold

India to start physical gold exchange

Gold wavers as Fed rate increase looms, China data disappoint Nearly all main stream media gold articles contain the line “gold doesn’t pay interest”

The “gold doesn’t pay interest” meme has been drummed steadily by main stream media all year. It never has – banks now pay the least interest EVER.

ABN Amro and National Australia Bank: gold will drop to $1,000; Goldman Sachs said in November it expected gold to hit $1,000 in twelve months.

The Link between Gold and Terrorism

CNN Money on ISIS and Gold

Gold Miners

Anglo American slashes 85,000 jobs

Oil

Oil hits fresh lows

Japanese Economy

Japanese GDP expands 1% in third quarter

Buy 2015 American Silver Eagle Coins

December 9, 2015

Mining Industry

Freeport-McMoRan Deepens Cutbacks as Commodity Rout Bites

Gold

Kitco Still good reasons to be bearish on gold

U.S. Mint Sales Report

US Mint Sold 936,500K Silver Eagles today & NO Gold Eagles (production halted)

YTD Silver Eagle Sales 45,786,000 (a record)

Compare American Silver Eagles for sale at:

BGASC.com

Golden Eagle Coins

JM Bullion

Money Metals Exchange

December 10, 2015

U.S. Economic Data

October whole inventories fell 0.1%; Est +0.2% sales unchanged/Est +0.2%

Initial Jobless claims 282K Exp 269K

U.K. Economy

Bank of England votes 8-1 to keep interest rates at 0.5%

Gold

China to launch yuan gold benchmark in April

De-Dollarization

Economists think Yuan has little chance against the dollar

From Smaulgld.com

The BRICS vs. the West and Japan

December 11, 2015

U.S. Economic Data

Retail Sales 0.2%, Exp. 0.3%

PPI +0.3% Exp -0.1

Core PPI +0.3% Exp -0.1

De-Dollarization

China to link Yuan to Basket of Currencies not the dollar

Reuters cheerleading the U.S. Economy

“overshadowed solid data on U.S. retail sales”

“U.S. consumers showed some muscle in November suggesting enough momentum in the economy for the Federal Reserve to raise interest rates next week”

YET- that “muscle” was expended in higher healthcare cost spending

Here is what the "strong US consumer" spent money on pic.twitter.com/g2fmCLzSNK — zerohedge (@zerohedge) December 11, 2015

From Smaulgld.com

Gold

Gold Repatriaton

Austria continued its gold repatriation announcing another fifteen tons had been repatriated

Austria Repatriates 15 Tons of Gold

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