CONFIRMED US Mint Suspends Silver Eagle Sales
Jul 8, 2015 20:33:39 #
CONFIRMED US Mint Suspends Silver Eagle Sales
http://if.inboxfirst.com/ga/click/2-19331957-5-75683-161671-1581537-cc5f7207d6-9ae0836da3
While preparing for an interview with Wolf Richter (Wolf Street), Dave Kranzler (Investment Research Dynamics) informed me that he had received an email at approximately 11:18 a.m., Central time, reporting the suspension of American Silver Eagles.
I then reported exactly what was known:
According Bill Holter, the US Mint has suspended sales of Silver Eagles.
Since that time, we have confirmed the primary dealers are out of luck and rapidly running out of American Silver Eagles, again.
This ties in with what we have been reporting for several weeksthat a silver shortage was predicted for September/October. If you recall last year, the US Mint sold out during October/Novemberthe US Mint has not been able to produce Silver Eagles for a continuous 12 month stretch for the past two calendar years. The last continuous 12 month run of sales was 2013! How do the prices continually fall when the product continually sells out? Can you say, manipulation? I knew you could!
(from Silver Doctors)
The US Mint has just notified Authorized Dealers that it is ENTIRELY SOLD OUT of Silver Eagles, and WILL NOT TAKE FURTHER ORDERS UNTIL AUGUST 2015!
This morning, we warned that a massive jump in silver premiums was imminent, as premiums on 90% silver had tripled in the past 48 hours.
Less than 3 hours later, that has been confirmed, as the US Mint has just SOLD OUT ENTIRELY of all Silver Eagles and suspended sales for at least 3 weeks.
The Mint also advised that when sales resume, Silver Eagles will once again be on allocation.
Wholesale premiums instantly jumped 50% on the news for the few authorized dealers who had any coins remaining in inventory.
We will keep you updated as the silver shortage progresses.
http://if.inboxfirst.com/ga/click/2-19331957-5-75683-161671-1581537-cc5f7207d6-9ae0836da3
While preparing for an interview with Wolf Richter (Wolf Street), Dave Kranzler (Investment Research Dynamics) informed me that he had received an email at approximately 11:18 a.m., Central time, reporting the suspension of American Silver Eagles.
I then reported exactly what was known:
According Bill Holter, the US Mint has suspended sales of Silver Eagles.
Since that time, we have confirmed the primary dealers are out of luck and rapidly running out of American Silver Eagles, again.
This ties in with what we have been reporting for several weeksthat a silver shortage was predicted for September/October. If you recall last year, the US Mint sold out during October/Novemberthe US Mint has not been able to produce Silver Eagles for a continuous 12 month stretch for the past two calendar years. The last continuous 12 month run of sales was 2013! How do the prices continually fall when the product continually sells out? Can you say, manipulation? I knew you could!
(from Silver Doctors)
The US Mint has just notified Authorized Dealers that it is ENTIRELY SOLD OUT of Silver Eagles, and WILL NOT TAKE FURTHER ORDERS UNTIL AUGUST 2015!
This morning, we warned that a massive jump in silver premiums was imminent, as premiums on 90% silver had tripled in the past 48 hours.
Less than 3 hours later, that has been confirmed, as the US Mint has just SOLD OUT ENTIRELY of all Silver Eagles and suspended sales for at least 3 weeks.
The Mint also advised that when sales resume, Silver Eagles will once again be on allocation.
Wholesale premiums instantly jumped 50% on the news for the few authorized dealers who had any coins remaining in inventory.
We will keep you updated as the silver shortage progresses.
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