Comments on: Gold Scores 17-Month High; US Mint Gold Coin Sales Jump

By: Seth Riesling

Seth Riesling — Fri, 17 Jun 2016 04:07:15 +0000

Stats show the major slowdown in sales of the silver American Eagle bullion coins to the Mint’s 13 worldwide Authorized Purchasers: June 2015 sales total 4.84 million ASE silver bullion $1 coins. June 2016 sales total with only 10 trading days to go are only 1.14 million ASE silver bullion $1 coins sold. With silver prices up almost $4 this year already, this will not be another record year IMHO. The marketplace is so very oversaturated with 1-ounce silver bullion coins of all kinds it makes your head spin!

-NumisDudeTX

By: Seth Riesling

Seth Riesling — Fri, 17 Jun 2016 03:09:09 +0000

And platinum is about $305 less per ounce than gold. All the platinum mined since it was discovered would fit in an average home livingroom! Such a bargain.

-NumisDudeTX

By: RonnieBGood

RonnieBGood — Fri, 17 Jun 2016 01:28:36 +0000

Gold hit $1,315 then sold off.
The Brexit vote is still about a week off. A lot of nervousness out there (even with no interest rate increase for June).

By: Seth Riesling

Seth Riesling — Fri, 17 Jun 2016 00:55:33 +0000

chuck –

Good point! The Brexit vote situation has definitely had an impact on stock markets & made investors of all kinds nervous, including the precious metals market along with the FOMC not raising interest rates yet. The UK FTSE stock market has lost a lot recently.

NumisDudeTX

By: chuck

chuck — Thu, 16 Jun 2016 21:57:16 +0000

Seth Riesling,
Some believe they went down because the Brexit vote might be delayed because of the murder. Both plus other reasons are likely.

By: Seth Riesling

Seth Riesling — Thu, 16 Jun 2016 21:38:13 +0000

Interesting jump in gold & silver during trading day, but both are down quite a bit in afterhours trading due to profit taking.

-NumisDudeTX