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Issue 71|June 20, 2016
In This Report: The New Case for Gold |Chart of the Week | Market Price Projections | Hot off the Press | Gold | Silver | The Week in Review | Natural Fancy Coloured Diamonds | TFSA & RRSP Bullion | Historical Comparisons
THE NEW CASE FOR GOLD – JAMES RICKARDS
We are proud to announce that WWPMC made James Rickards’ new bestselling book - The New Case for Gold - under chapter 6 (How to Acquire Gold). Look for us on Page 152!
The New Case for Gold – James Rickards **USA Today bestseller and Wall Street Journal business bestseller**
“They say John Maynard Keynes called gold a ‘barbarous relic.’
They say there isn’t enough gold to support finance and commerce.
They say the gold supply can’t increase fast enough to support world growth.
They’re wrong.”
In this bold manifesto, bestselling author and economic commentator James Rickards steps forward to defend gold—as both an irreplaceable store of wealth and a standard for currency.
Purchase Now on Amazon(ca) or Amazon (com)!
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CHART OF THE WEEK Contact us for a detailed explanation of the chart below!
“As renewed interest returns to the silver market and silver ETF demand increases, physical silver inventory plummets. Beat the silver rush while prices are still low!” - WWPMC
MARKET PRICE PROJECTIONS
Here are your Short Term Support and Resistance Levels for the upcoming week.
Gold Silver Support 1265/1245/1225 17.15/16.95/16.75 Resistance 1310/1330/1350 17.50/17.85/18.00
Platinum Palladium Support 980/950/920 520/495/475 Resistance 1015/1046/1075 550/585/615
This is not a solicitation to purchase or sell. © 2016, Precious Metals International, Ltd.
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HOT OFF THE PRESS – BREXIT OR BREMAIN?
'Leave' Takes Shocking 19-Point Lead in Brexit Poll - "If It Happens, Gold Will be the World's Strongest Currency" Tyler Durden|Zero Hedge|06.12.2016
“With market anxiety rising, as One River's CIO notes, if Brexit happens, gold will soar.”
Read more here.
Paul Singer Joins Icahn, Soros; Warns "It's A Very Dangerous Time To Be In The Market", Buys Gold Tyler Durden|Zero Hedge|06.12.2016
“we’re very bullish on gold, which is the anti–paper money, of course, and is underowned by investors around the world."
Read more here.
Royal Mint Allows British Pensioners to 'Save' In Gold Bullion Tyler Durden|Zero Hedge|06.12.2016
“Given the current uncertainty surrounding Brexit, the news this week that Britain's Royal Mint will join the current providers of gold to self-invested pension savers in the UK (SIPPS) - allowing British pensioners a tax efficient way of investing in bullion - is fascinating.
Read more here
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Delivery Default in the Gold and Silver Markets? Something VERY BIG is Afoot! Bill Holter|Global Research|06.1.2016
“’Each time I have written on this topic and suggested it would ultimately end with a delivery default I have been trolled. It looks very much like we will soon find out a default of delivery is not only possible but highly probable.’ - Bill Holter”
Read more here.
Silver Market – Most Suppressed Market of All to Witness a Historic Shortage Commodity Trade Mantra|06.09.2016
“It’s early Wednesday morning, and I’m all fired up (just wait until I tape my weekly Kerry Lutz podcast an hour from now); as, per the title of the most passionate, vehement Audioblog of the 149 I have taped, May 18th’s “FOMC Minutes Attack” has, in just three weeks time, miserably failed. As not only have gold, silver, and platinum already recouped more than half of their blatantly Cartel-orchestrated “losses,” but the COMEX “commercials” (i.e, the Cartel) barely covered any of their all time high naked short positions, even if they started to, LOL, try.”…
Read more here.
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THE WEEK IN REVIEW June 13 – June 17, 2016, Written by Precious Metals International
1. Uncertainty continued to rule international markets this week as further polling showed an increasing chance that the citizens of the United Kingdom (UK) might vote to leave the European Union (EU) next week.
2. The number of Americans filing initial claims for state unemployment benefits surged by 13,000 claims to a new seasonally adjusted level of 277,000. California and Pennsylvania were responsible for most of the surge and analysts were quick to say that “seasonal quirks” were likely responsible for the spike in claims in those states. We are not sure why the US Labor Department chose the term “seasonally adjusted” to describe their official data figure if the seasonal adjustment factors in use do not account for the very “seasonal quirks” that they are now blaming for last week’s surge.
3. The U.S. Federal Reserve held its latest Federal Open Market Committee meeting to set monetary policy this week and not only did they choose to leave interest rates at their current levels, but at the press conference following the meeting, Fed Chair Janet Yellen sounded like an interest rate hike was not likely to happen in July either, especially if the UK votes to leave the EU. Ms. Yellen directly referenced the so-called “Brexit” vote during her press conference, speculating that a “leave” vote could negatively impact the U.S. economy. One of the Federal Reserve’s most hawkish members, St. Louis Fed President Jim Bullard, noted this week that low economic growth and an accompanying ultra-low fed funds rate are likely to carry on all the way through 2018.
4. The Bank of Japan (BoJ) held its interest rates steady at negative 0.1 percent and held off on further monetary stimulus on Thursday at the conclusion of its monetary policy meeting. The yen immediately surged higher on the news, driven in part by continued fears over the impact of the UK leaving the EU and what appears to be an increasingly inconsistent U.S. Federal Reserve. The BoJ said in its official statement on Thursday that the Japanese economy continued “its moderate recovery trend”, with improvements in business investment, housing investment and employment. Weak consumer demand and falling exports due to weakening global demand continue to put downward pressure on inflation and plague the BoJ and Prime Minister Shinzo Abe’s efforts to raise inflation to the target rate of 2 percent. At the press conference following the meeting, BoJ Governor Haruhiko Kuroda said that he was “closely watching” the movements in the yen, sparking analysts to speculate that a currency intervention may be on the table if the yen’s rise continues.
5. The Swiss central bank also left its negative interest rates unchanged this week ahead of the UK referendum. The Swiss National Bank (SNB) said “the imminent U.K. referendum on whether to stay in the European Union may cause uncertainty and turbulence to increase” when asked about any risks that it sees to the globally connected economy. The perceived risks to the global economy have triggered a recent rise for the Swiss franc, which hit a 2016 high against the euro this week.
6. Christine Lagarde, the Managing Director for the International Monetary Fund (IMF), agreed with the SNB this week, telling CNBC that a decision by the UK to leave the EU is “a concern not just for the U.K., by the way, it’s a concern for the world.” Ms. Lagarde said “It’s a pretty overwhelming case when you have a huge body of economists (that agree) that it’s going to cost (the U.K.), it’s going to
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be negative for income purposes, it’s going to reduce trade most likely as a result of uncertainty and those are blatant facts…When one economist disagrees with another, that’s life, but when they all agree…that’s a pretty compelling situation.”
7. Crude oil drifted back into the mid-$40 a barrel range this week, as polls continued to show an increase in the odds that the UK might vote to leave the EU on June 23. The uncertainty surrounding the upcoming referendum is affecting many markets, with volatility increasing as analysts try to determine what the impact of a vote to leave the EU could mean not only for the UK, but for the entire globally connected economy.
8. The euro had a bit of a wild week, spiking higher at the week’s open but then dropping straight back
down. The euro began drifting higher again as Monday wore on, but by Tuesday had turned lower
again. On Wednesday, the euro began moving higher again but had lost its momentum by Thursday
and plunged to its lowest levels for the week. The euro’s decline was short-lived and it soon climbed
its way back to positive again by the end of the day on Thursday. The euro saw choppy trading on
Friday but still appears set to close the week slightly higher against the U.S. dollar. The Japanese yen
drifted slightly higher at the start of the week, and then traded sideways through Thursday. Thursday
morning the yen surged to the upside on news that the BoJ held interest rates steady, but peaked
early in the day and then began trading sideways to finish out the week. The yen will close the week
higher against the U.S. dollar.
NATURAL FANCY COLOURED DIAMONDS Access to mine direct diamonds from worldwide suppliers at wholesale prices! Contact us directly at 1- 866-623-2002
FEATURED STONE - Compare us with the rest!
Yours for 30,500.00 USD!
Carat: 0.92
Cut: Cut-Cornered Rectangular Modified
Brilliant
Colour: Fancy Intense Yellow-Green
Clarity: Internally Flawless
Contact us directly at 1- 866-623-2002
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TFSA & RRSP BULLION
Use the Government’s Money to Fund Your Precious Metal TFSA / RRSP & IRA. Back Your Cash with Physical Gold/Silver WWPMC offers RSP bullion accounts at very competitive rates! Transfer in an existing account or establish a new one.
For Canadian Citizens:
RRSP – registered retirement savings plan (Including locked in Federal/Provincial plans)
TFSA – tax-free savings account (new annual contribution limit is now $10,000)
RESP – individual and family registered education savings plan
LIF – life income fund
RRIF – registered retirement income fund
LIRA – locked in retirement account For American Citizens
Traditional IRA - registered retirement savings plan
Roth IRA – individual retirement arrangement
SEP - simplified Employee Pension Plan
SIMPLE – savings Incentive Match Plan for Employees
Open an Account! Do you have Questions? Call us Toll Free: 1- 866-623-2002 or Email at: [email protected]
HISTORICAL COMPARISONS Friday to Friday Close (New York Closing Prices)
June 10th 2016 June 17th 2016 Net Change Gold $1275.90 $1294.80 18.90 + 1.48% Silver $17.33 $17.41 0.08 + 0.46% Platinum $994.00 $966.00 (28.00) - 2.82% Palladium $546.00 $529.50 (16.50) - 3.02% Dow Jones 17865.34 17675.03 (190.31) - 1.07%
Previous year Comparisons
June 10th 2016 June 17th 2016 Net Change Gold $1203.00 $1294.80 115.30 + 9.78% Silver $16.08 $17.41 1.56 + 9.84% Platinum $1085.00 $966.00 (131.00) – 11.94% Palladium $707.00 $529.50 (209.50) – 28.35% Dow Jones 18015.95 17675.03 (223.81) – 1.25%
This is not a solicitation to purchase or sell. © 2015, Precious Metals International, Ltd.
