Today’s charts of the day examines US Mint gold eagle and silver eagle sales totals from 2008-2013.
Surprisingly, while ASE sales have increased the most on a percentage basis, it is US Mint gold eagle sales that are literally going parabolic.
MUST SEE US Mint Gold & Silver Eagle sales charts are below: [Read more...]
The U.S. Mint is suspending sales of one-tenth oz American Eagle gold coins. The Mint says that sales are suspended as inventories are depleted and need to be replenished. Demand for one-tenth ounce gold coins is up 118% from a year earlier!
Premiums are rising on all gold and silver bullion coins and bars and there are delays developing for certain bullion products – especially silver coins and bars. [Read more...]
US Mint reported a whopping 681,000 ASEs sold Monday, bringing the April sales total past 3 million ounces for the first time EVER at a record 3,068,000 oz.
The Mint has now set a monthly sales record 3 out of the first 4 months in 2013, including January’s record sales for any month of 7,498,000 oz sold! [Read more...]
The US Mint has updated April sales statistics for the first time since last week, and to no surprise, the Mint again reported more massive sales, with another 833,000 silver eagles reported sold Monday! The April total through 6 business days is now 1.645 million ounces, bringing the 2013 total to a massive 15.868 million ounces.
In response to the continued massive demand for silver eagles, the mint also has begun rationing sales of silver eagles to primary dealers resulting in supply delays!
Just as was seen in January, tight physical supplies have seen premiums on ASE’s skyrocketing over the weekend and throughout the day, as ASE’s are rapidly becoming as scarce as 90%!
*Update: wholesale suppliers have increased premiums nearly $1 since yesterday, while the shortage has tightened, and wholesalers now on 4-6 week delays for shipments of ASE’s!
[Read more...]
By SD Contributor SRSrocco:
As you can see from the chart below, 50% of all Silver Eagle sales have taken place in the past 5 years. Since the inception of the American Eagle program, the overall ratio of gold to silver eagle sales has been 16/1. However, in the past 5 years the ratio has risen to 28/1!
Silver Eagle sales are showing the market where the REAL LEVERAGE is found. [Read more...]
SD reader BattleBeagle has put together two outstanding silver charts analyzing Silver Eagle sales data from the US Mint.
The first chart of the day examines the divergences of ASE’s sold vs. the silver spot price, and the 2nd examines the quantity of ASE’s sold by the mint vs. the total dollar value of US Mint silver purchases, which is spiking to an all-time high.
MUST SEE Silver Chart(s) of the Day are below: [Read more...]
*Editor note: With sentiment near all-time lows for the entire bull market, we thought it apropos to bring back SRSrocco’s viral, comprehensive FUNDAMENTAL ANALYSIS on the forces that will push silver over $100/oz.
PLEASE CHECK YOUR EMOTIONS AT THE DOOR AND REVIEW THE FUNDAMENTALS!
By SRSrocco
There are tremendous forces at work that will push silver over $100 an ounce.
According to the 2012 World Silver Survey, total global silver investment demand has risen from only 31.6 million oz in 2002 to a staggering 282.2 million oz in 2011. As world economic fiat based monetary system continues to deteriorate, investors are taking delivery of physical silver rather than holding on paper contracts that may not be backed by any metal whatsoever.
This has created a run on the LBMA… the largest metal exchange in the world. Once the world ‘s liquid energy supply starts its inevitable decline from its current plateau, annual silver metal production will decline as well. There will be no silver glut and there will be no silver available when the world’s fiat monetary system finally dries up and blows away.
Get ready. The forces for pushing silver over $100 have just begun. [Read more...]
After selling an all-time monthly record of 7.498 million Silver Eagles in January, the US Mint has picked up right where it left off in February once it began reporting sales figures again, announcing nearly 3/4 of a million silver eagles were sold Monday.
The Mint has now sold a whopping 8,173,500 silver eagles during a mere 17 business days in operation during 2013, nearly 25% of the entire annual sales for 2012 of 33 million! [Read more...]
With allocated/rationed silver eagle sales beginning again on Monday 1/28, the US Mint reported another 300,000 silver eagles sold Tuesday, nearly 1.5 million since production was restarted Monday, and increased January’s all-time monthly sales record to an astonishing 7.42 million silver eagles, 53 times the volume of gold purchased from the US Mint in January! [Read more...]
Silver expert Ted Butler has long predicted and awaited an eventual industrial shortage of physical silver, and a resulting panic silver buying that terminates the bullion bank cartel’s manipulation of the silver market.
Butler may be about to be finally proven correct, if an Apple contractor is right that Apple has delayed production on the new 27” iMacs over an industrial silver shortage in China.
With the US Mint sold out of Silver Eagles and production shut down for the 2nd time in 2 weeks, and shortages of nearly all retail silver products rapidly developing along with spiking physical premiums, it appears that a widespread retail, and perhaps industrial physical silver shortage is developing and escalating by the hour. [Read more...]
*Update: as if on que, the Mint has just notified the primary dealers that Silver Eagles are sold out, and that sales are suspended effective immediately through 1/28!
The US Mint reported another 1 million Silver Eagles sold Thursday, bringing the January sales total to an astonishing 6.007 million ounces in less than 2 weeks of sales!
With nearly half of January remaining, it is now all but certain (barring a complete shut-down by the mint) that January 2013 Silver Eagles sales will absolutely shatter the all-time monthly sales record for the Mint set in January 2011 at 6,422,000 ounces.
The Mint is currently on pace to sell a COMEX sucking 12.66 MILLION OUNCES OF SILVER EAGLES IN THE FIRST MONTH OF 2013, more than the YEARLY sales total for ANY year prior to 2008 at the US Mint!!! [Read more...]
The US Mint announced another 300,000 silver eagles sold Monday, bringing the 6 day sales total to an astonishing (and record pace) of 5.082 million ounces!
As silver eagle production was shutterred until January 7th, the Mint is on pace to sell nearly 15 million silver eagles in the first month of 2013, which would be a record ANNUAL sales total as recently as 2007! (9 million ounces sold for all of 2007).
The US Mint reported another 300,000 oz of 2013 Silver Eagles sold Friday, bringing the 1 week sales total to what is believed to be a record 4.782 million ounces!
With nearly 3 full weeks remaining in 2013, the US Mint sales totals are set to shatter January 2011′s all-time monthly record of 6.422 million ounces.
We are seeing absolutely unprecedented and astonishing demand for ALL forms of physical silver over the past 3-4 weeks at SDBullion.
[Read more...]
BrotherJohnF’s latest silver update:
Silver Eagles [Read more...]
Submitted by Adam Hamilton:
The US Mint’s bullion coins are called American Eagles. The “bullion” distinction means their value is based solely on the spot prices of gold and silver, with no special premium for rarity. So they offer investors far more physical metal per dollar spent than expensive collectible coins. I’ve always believed maximizing one’s total gold and silver holdings is far more prudent than playing the scarcity game.
The US Mint’s production is based on real-world demand from coin dealers. When these guys have enough inventory from existing investors selling, they don’t need to order new Eagles from the Mint. So the Mint ramping up production is always a response to rising coin-dealer demand, which is in turn the result of rising investor demand for physical gold and silver. Thus the Mint’s sales data is valuable.
It is made available on a monthly basis for both gold and silver Eagles. The charts in this essay superimpose these coin sales over the daily gold and silver price action over the course of their entire secular bulls. Despite the perception of 2012 being a weak year for the precious metals, new physical demand from investors for American Eagles is actually robust to strong. This is certainly a bullish omen. [Read more...]
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