Commodity Trade Mantra

Posts Tagged ‘Silver Bullion Coins’

Weak Silver Demand & Record Shorts - The Cartel is Winning the Manipulation Game Both Sides

The Cartel has been quite successful in manipulating silver prices (and gold) down ever since 2011. Every major rise has been slammed with unimaginable record paper shorts ever since. The “TRUE Measure” of the Cartel’s success at manipulating the bullion markets is that it has now succeeded in manipulating the minds of the physical gold and silver investors. Here’s the HOW & WHY.

The 2017 American Eagle Silver Bullion Coins struck at 3 Facilities

U.S. Mint officials said the San Francisco and Philadelphia Mints were (in addition to the West Point Mint) pressed into production of American Eagle silver bullion coins to augment stocking an inventory of the coins before sales began in both January 2016 and 2017. Just how many silver American Eagles were struck at each of the facilities for both years is not being disclosed.

2016 American Eagle Gold Bullion sales highest since 2011

The US Mint finished off 2016 American Eagle gold bullion coin sales with its slowest month of the year, but that didn’t prevent the year-end total from being the highest since 2011. The final 2016 tally from the Mint reports sales of 37,701,500 ounces of American Eagle silver bullion coins, which is down sharply from record-setting 2015 sales that finished at an even 47,000,000 ounces.

Premiums and Delivery Delays Rise on Silver Coins and Bars

Premiums on silver eagles have been creeping up & wholesale premiums have risen from 14% in May to over 25% this week. The shortage of silver coins is due to continuing robust demand and a lack of supply of silver bullion coins. Silver eagles remain probably one of the best proxies for silver coin demand & also of investment & store of wealth demand for silver.

Global Scramble For Silver - Coins Hard To Get, Premiums Likely To Jump

There is blood in the streets of the silver market with futures speculators long silver, again having their heads handed to them on a plate & incurring sharp losses. However, the silver sell off has again seen a global scramble for physical silver. There has been a global scramble to acquire silver bullion coins & bars after the price falls.

Gold Jumps 1.8%, Silver Eagle Bullion Coins Top 27M

American Silver Eagles turned up 380,000 for 955,000 on the week so far, the most sold in a week since the one ended May 9. They also hurdled 27 million for the year to maintain a pace that is the second quickest in the coin’s 29-year history. Silver Eagle sales in record year 2013 had topped 30.2 million through Aug. 6, 2013.

Silver Remains in a Tug of War Between Supply and Demand

Silver is not benefiting even though it has so much industrial use as people still call it a precious metal. Until the financial system blows up again, the tug of war between supply and demand in the silver market is likely to restrain silver prices for the immediate future.

Is a Silver Supply Shortage on the Horizon?

It’s in part because of the many uses, both as an investment and industrial metal, that some silver market watchers think at some point — perhaps in the near future — demand for the metal will exceed supply, creating a shortage. Silver also has myriad technological and medical applications.

Silver Saw Net ETF Inflows, Compared To Gold’s Insane Decline

Holdings in silver ETFs, which allow ordinary investors to track prices without owning physical metal, were at 655 million ounces as of Oct. 31, up 25 million ounces from the start of the year – Compare that with holdings in the equivalent gold products, which saw outflows of 806 metric tons in 2013.

The Biggest Fear in Retirement and the Golden Solution

For those nearing retirement I would recommend you be positioned at 10% in precious metals by the time you stop working full time. Think of your core holdings as insurance and as you know, gold and silver are ideal for this type of insurance.

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