In the same category

Gold and Silver Eagles Have Crash Landed 2018

IMG Auteur
Published : December 09th, 2018
400 words - Reading time : 1 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
[titre article pour referencement]
0
Send
0
comment
Our Newsletter...
Category : Gold and Silver

During the months of September, October and November 2018, we saw a year over year spike to the upside in ASE sales to the Authorized Purchasers (AP’s). Not sure what constituted this spike, but the numbers are below for you to see for yourself. September and November were extremely dramatic increases. For example in September 2018 there was close to a 7 fold increase year over year.

Both Gold and Silver Eagles are suffering this year. It appears the metals consumer is completely broke. Can the profits, and loses, from gambling in the cryptocurrency markets be playing a role? I would say yes. As 2018 has progressed, and cryptocurrencies have continued to get hammered to the downside, Eagle sales have followed suit. The only relief, for Silver Eagles, coming in September, October and November 2018.

Gold Eagles really took off beginning July and haven’t looked back. It appears both metals are going to be way off 2017 sales by high percentage numbers. Gold, if December holds the line, will be down somewhere around 5-6% year over year, while Silver Eagles will be down upwards of 12%.

Here is what Reuters reported about a week ago.

(In the Nov 30 item, the U.S. Mint incorrectly reported that November sales of American Eagle gold coins fell 67.3 percent from the previous month to 8,000 oz, when, in fact the coin sales fell 16 percent to 20,500 oz in November. The U.S. Mint also incorrectly reported that November sales of American Eagle silver coins fell 11.2 percent to 1.27 million oz, when, in fact, the coin sales increased 15 percent to 1.645 million oz. Also corrects year-to-date totals for both metals and the headline.)

NEW YORK, Nov 30 (Reuters) – The U.S. Mint sold 20,500 ounces of American Eagle gold coins in November, down 16 percent from the previous month, according to the latest data.

(in ounces)

                       Gold                Silver                   Platinum
                       2018      2017      2018         2017         2018    
January                58,500    117,500   3,235,000    5,127,500    n/a     
February               5,500     27,500    942,500      1,215,000    20,000  
March                  3,500     21,000    915,000      1,615,000    n/a     
April                  4,500     6,000     915,000      835,000      n/a     
May                    24,000    15,500    380,000      2,455,000    10,000  
June                   24,500    6,000     435,000      986,000      n/a     
July                   35,000    17,500    885,000      2,320,000    n/a     
August                 21,500    9,500     1,530,000    1,025,000    n/a     
September              20,500    11,500    2,897,500    320,000      n/a     
October                24,500    15,500    1,430,000    1,040,000    n/a     
November               20,500    12,000    1,645,000    385,000      n/a     
YTD Total              242,500   259,500   15,210,000   17,323,500   30,000

New York newsroom


Video Source

Source : thedailycoin.org
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few.
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.