ximmy
14th January 2014, 05:17 PM
Spot price manipulation continues while silver inventories dwindle...
Yesterday, the U.S. Mint said 89% of this week’s quota of 3.58 million silver eagleshttp://images.intellitxt.com/ast/adTypes/icon1.png (http://investmentwatchblog.com/silver-coin-premiums-set-to-climb-on-reduced-supply/#) were sold following sales that were stopped on December 9th because of a lack of supply.
[Today, January 13, 2014, the United States Mint began accepting orders from authorized purchasers for the 2014-dated American Silver Eagle bullion coins. First day sales reached 3,180,500 coins from the weekly allocation of 3,575,000 coins.] http://news.coinupdate.com/first-day-american-silver-eagle-bullion-sales-3104/
Separately, the Perth Mint has announced that they have sold out of their silver bullion coin – the one ounce 2014 Australian Kookaburra.
Read more at http://investmentwatchblog.com/silver-coin-premiums-set-to-climb-on-reduced-supply/#k1Ql365gCtzxoOM6.99
Increasing demand for U.S. silver coins was poised to send premiums to the highest since October even as banks including Goldman Sachs Group Inc. predicted more declines in futures after the biggest annual slump since 1981. The premium charged by wholesale dealers for American Eagle coins from the U.S. Mint may rise to 17 percent from 14 percent yesterday
Meanwhile:
Goldman has said precious metals will slump 15 percent this year with silver dropping to $17.50 an ounce in 12 months.
The bank is also expected by the end of 2014 the price of gold will drop to $ 1,050 an ounce.
http://www.bloomberg.com/news/2014-01-14/silver-coin-premiums-poised-to-climb-as-u-s-mint-supplies-ease.html
Yesterday, the U.S. Mint said 89% of this week’s quota of 3.58 million silver eagleshttp://images.intellitxt.com/ast/adTypes/icon1.png (http://investmentwatchblog.com/silver-coin-premiums-set-to-climb-on-reduced-supply/#) were sold following sales that were stopped on December 9th because of a lack of supply.
[Today, January 13, 2014, the United States Mint began accepting orders from authorized purchasers for the 2014-dated American Silver Eagle bullion coins. First day sales reached 3,180,500 coins from the weekly allocation of 3,575,000 coins.] http://news.coinupdate.com/first-day-american-silver-eagle-bullion-sales-3104/
Separately, the Perth Mint has announced that they have sold out of their silver bullion coin – the one ounce 2014 Australian Kookaburra.
Read more at http://investmentwatchblog.com/silver-coin-premiums-set-to-climb-on-reduced-supply/#k1Ql365gCtzxoOM6.99
Increasing demand for U.S. silver coins was poised to send premiums to the highest since October even as banks including Goldman Sachs Group Inc. predicted more declines in futures after the biggest annual slump since 1981. The premium charged by wholesale dealers for American Eagle coins from the U.S. Mint may rise to 17 percent from 14 percent yesterday
Meanwhile:
Goldman has said precious metals will slump 15 percent this year with silver dropping to $17.50 an ounce in 12 months.
The bank is also expected by the end of 2014 the price of gold will drop to $ 1,050 an ounce.
http://www.bloomberg.com/news/2014-01-14/silver-coin-premiums-poised-to-climb-as-u-s-mint-supplies-ease.html