Originally Posted by valerb
As of Wednesday March 22nd, the US Mint has shipped 1,295,000 ASE's for the month of March and 7,637,500 YTD.
And the slow shipping pace is getting even slowerrrrr, so much for salvaging another weak month after that nice three day total on Monday.
One thing about the US Mint shipments, they are like shipments leaving the COMEX, no one knows where they are going or who bought them.
We can be sure they will not be back on the market to fill orders like on the COMEX.
The US Mint doesn't ship used ASE's and it's not likely any one is going to melt them down into 1,000 ounce bars, not even JP Morgan.............
I added this information on another thread and thought is should be added here as it applies to this thread more than any other.
To put things in perspective when it comes to Shipments from the US Mint:
There are on average 21 shipping days per month
To reach the same level shipped last year of 37,701,500, they need to ship on average, 149,500 ASE's per day and 3,142,000 each month
To reach the same level shipped in 2015 of 47,000,000, they need to ship on average, 186,500 ASE's per day and 3,917,000 each month
To set a new record for 2017 of 48,000,000, they need to ship on average, 190,500 ASE's per day and 4,000,000 each month
Each year they start off with a bonus month of January as it's the largest shipping month of the year
Likewise they end up with a short month in December, which is always well short of the average monthly shipping quantity, but not always the lowest monthly total.
Last edited by valerb; 23rd March 2017 at 19:05.
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