With Gold and Silver’s Correction Continuing, Top Mining CEO Keith Neumeyer Joined SD For An Insider’s Perspective On the Early Stages of a Major Bull Market:
SD METALS & MARKETS
- “No One’s Ever Done This” Neumeyer Reveals How He Paid “Virtually Nothing” For Gold and Silver
- First Mining Finance – Keith Neumeyer is So Convinced Gold Prices Are Going Higher He’s Built a Company to BANK In Ground Bullion
- The CEO Reveals Big Institutions Are Using This Correction to Enter the Gold and Silver Bull Market
Keith Believes Institutions Have Billions In Cash On the Sidelines Preparing to Enter Gold and Silver Markets
Bull Markets Don’t Go Straight Up – Neyumeyer Explains Why It’s So Hard to Stay On the Bull!
Triple Digit Silver? – “I Get Criticized Because I’m One of the More Aggressive Guys Out There”
Industrial, Monetary, or Something More? “Silver is a Strategic Metal – It’s As Exciting As Anything!”
Neumeyer Explains Why Silver Has to Go SUBSTANTIALLY Higher…
MP3 podcast streaming or right-click and “save as” for download:
YouTube steaming alternative:
DOC’S GOLD & SILVER MARKET UPDATE:
Gold bullion sales remained strong across the industry this week as gold prices rallied throughout the first half of the week, then sold off with renewed fears of a September rate hike by the FOMC.
The US Mint sold 12,500 1 oz Gold Eagles, bringing monthly Gold Eagle sales to 17,500 coins, and year to date sales to 620,500 oz.
Retail silver demand was subdued for much of the week as silver spot prices climbed back above $20/oz before plunging over $1 on Thursday and Friday. The dip brought strong demand back into the market.
Wholesale premiums on 90% Junk Silver Coins remained stable this week. 2016 Silver Eagle sales reported by the US Mint came in at only 170,000 coins this week, a big decline from last week’s 410,000 number, and back down to the approximately 150,000 coins/week sold throughout most of July and August. As the majority of the week’s retail business was done on Friday’s big market dip (along with Monday’s Labor Day holiday), expect next week’s sales numbers from the US Mint to be much stronger.
This brings year to date Silver Eagle sales numbers to 29,210,500 coins.
The US Mint is set to release the 30th Anniversary 2016 Silver Eagle Proof next Friday, which will likely be one of the most highly sought after Silver Eagle proofs in recent years.
# # # #
Mr. Dubin is the Managing Editor of TheNewsDoctors.com. He has 25 years of experience as an independent buyside securities and global macro analyst. He has well over a decade of experience as a financial journalist, editor and political analyst. He’s primarily an autodidact, but his formal education includes degrees in economics, international relations and MBA. He welcomes feedback on his articles and will make an effort to respond to comments. Email Eric by sending to “Eric” and then @TheNewsDoctors.com. He can also be “followed” on Facebook: https://www.facebook.com/EricDubin
# # # #