Bullion Coin Market Dynamics
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 [...]
Nick Laird of Sharelynx prepared the following chart of U.S. Mint gold sales.
There is a reason to argue that bullion coin sales are in a bullish market January 2007. The chart above shows a parabolic rise, that perhaps took the U.S. Mint by surprise. Afterall, coin sales were dismal for six months before [...]