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Bullion Coin Market Dynamics

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Posts tagged bullion crash

Silver crashes through $14/oz

We’ve been patiently waiting to see which way the market would break. Silver fell below the psychologically important $14 level today. Gold is off $8 to $925. The GLD is trading below its 200 moving average, and with a gap down this morning, should be bumping against the key $90 level. [...]

Bullion Sales in Free Fall

Sales of American Gold Eagle coins as reported by the U.S. Mint crashed in May to 65,000, from 147,500 in April, a smash of almost 56%. Spot Gold is off 5% in the last two weeks.
Sales of Silver Eagle one ounce bullion coins continued a free fall in May, off by some 575,000 from [...]