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INVESTORS RETURN: U.S. Silver Eagle Sales Surge Over Past Two Days
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Thread: INVESTORS RETURN: U.S. Silver Eagle Sales Surge Over Past Two Days

  1. #1
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    Default INVESTORS RETURN: U.S. Silver Eagle Sales Surge Over Past Two Days

    Steve St. Angelo August 31, 2017 - 10:34pm

    While interest and sentiment in the precious metals have been depressed compared to the preceding month, this all changed during the past few days. This trend change is particularly the case for silver. Even though Silver Eagle sales have been much weaker this year, positive signs show that investors still believe in acquiring the shiny metal when fear and uncertainty enter into the markets.

    Although, Silver Eagle sales for Jan-Aug 2017 are nearly 50% lower than they were during the same period last year. I believe the biggest factor that hurt Silver Eagle sales was the election of Donald Trump as U.S. President. Many individuals in the Alternative Media think that because Trump is in the Whitehouse versus Hillary Clinton, it translates to a lot less FEAR as it pertains to the control by the elite. Thus, the motivation to continue purchasing precious metals, bulk food, guns-ammo and survival goods has diminished considerably since the election in November.

    However, when serious geopolitical events arise, investors still want to rush into owning more gold and silver. And they did so in a BIG WAY over the past few days.

    According to the updates on the U.S. Mint website, Silver Eagle sales surged by 300,000 on Monday, August 28th and another 300,000 on Tuesday, August 29th:


    http://silverseek.com/commentary/inv...two-days-16836
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  2. #2
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    This has to be one of the grandest SilverSellers Rope-A-Dope pitches in the past two years.

    First off, Silver sales didn't slump after Trump was elected, he was not suppose to be elected according to every Tom, Dick and Sally News reporter this side of FOX news and most of them didn't give him a chance.

    Silver Eagles shipments out of the US Mint in the first half of 2016 were the most robust for any six month period of time (26,250,500) and shipment for the last six months (11,451,000) were so slow they only exceeded those shipped during both halves of 2008 and no other half year periods since.

    I don't know why anyone would even try and compare this years numbers to last years as it's going down by all comparisons. So far this year, the US Mint will be lucky to beat the number shipped back in 2009 let alone talk about the number shipped last year. The amount shipped in the first half of 2017 is also lower than any other six month period (past 200 other than the last half of 2016 and only exceeded that amount by less than a million ounces thanks to the January kickoff.

    And it's a terrible sham SilverSellers continue to try and sell the concept that any amount the US Mint happens to report shipping for any period of time happens to represent actual Silver Eagle sales for that day.

    It only represents what the US Mint has reported shipping to the wholesalers, which could be a dealer, but surely does not represent actual sales on any given day.

    Plus it's obvious that the US Mint does not report what actually leaves on a daily basis or they hold orders to ship in larger batches.

    I post the numbers reported by the US Mint on a daily basis as they report them and they are very inconsistent in that reporting process as anyone can see that happens to follow that thread.

    Now that, that is cleared up, Sales of ASE's hit the skids long before Trump was elected president and they actually dropped off in June of 2016 not November or December as implied and they have not recovered since.

    In fact the last 12 month period from July 2016 thru the end of June 2017 is the worst twelve month period like that since before the 2008 - 2009 cycle.

    So no one can blame this on Trump, but on the market in general and probably the terrible beating Silver has taken for such and extended number of years.

    Sideways marching is never good for any metal unless it's at a higher price and that would not be what Silver has been doing.

    Toss in a robust general stock market and money goes somewhere else to play and apparently that seems to go for the little people as well as the big boys.

    Nothing really changes much, let the casino drive the spot price up another dollar or two and people will start chasing Silver again.

    It could be great timing for the SilverSellers if the spot price should take a nice rise in late October and November when the US Mint has decided to shut down for the year and publishes their annual notice that they are done producing any 2017 ASE's.

    Oh what a shortage that will make on all the articles if sales are actually starting to come back. Drive those must have people to chase the ever rising premiums to the dealers delight.

    No shortage of Silver, just an end of year supply for the ASE that never seem to run out at many dealers no matter how dry the well seems to get.

    Also for anyone following the total ASE's shipped this year, they are now about 700,000 behind the 2009 level assuming they need to ship on average 165,000 every available shipping day for the remainder of this year starting last week.

    As always, things can change in a heartbeat and that's just what is needed to turn retail Silver sales around for the rest of this year, a heavy duty jump start.

    Telling lies to investors will always convince some to buy when most are not, but most are very aware of the market conditions today as they have been for the past several years.

    When it's time to buy they will and when it's not, they won't.
    Last edited by valerb; 1st September 2017 at 02:02.
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  3. #3
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    There is an outstanding reason why ASE sales were so robust during the first half of 2016 and it had a lot to do with the price of Silver being down at the $14 level and people scarfing up on what they believed was a great buying opportunity and that seemed to end when it capped at around the $18 level in May, at least for shipments coming out of the US Mint.

    The shipments didn't resume in a big way when the spot price jumped back up again to the $20 level last summer, but instead continued to go lower which shouldn't have been the case.

    One very logical reason for that, dealers were buying up ASE's in a huge way assuming the buying streak would continue and it didn't, however they had more than enough to see them through the next uptick in price and long past the down cycle for the rest of the year and into 2018, which accounts for the huge decline in US Mint shipments in the second half of 2016 when sales shouldn't have been that low.

    The month of June saw a $4 rise in the spot price and yet US Mint shipments were heading on a downward spiral.

    Dealers tried to claim they couldn't get any ASE's and yet many of the largest dealers never ran out at any time during the year.

    Same old story for those that have and those that have not. Does the term overbought sound familiar....

    It's so funny that when Silver rises in price it's because the financial world is coming to an end and there is no stopping it, but when it's dropping it's because the market is manipulated beyond control by evil thugs and foolish investors...


    Last edited by valerb; 1st September 2017 at 03:47.
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