SILVER-RUSH

Investors snatched up a record number of Silver Eagles as the paper price was manipulated to new lows today.  This is a very strange market phenomenon, as several “Official” analysts forecasted a drop or sell-off of physical metal if the price continued to decline.
In just the past two days, investors purchased more than 1.4 million Silver Eagles.  This pushed the total sales for October to 5,790.000, surpassing the record set in March at 5,354,000:

silver sales

After the recent price smash in silver, investors purchased a record amount of Silver Eagles.  In the past week, the U.S. Mint sold a great deal more Silver Eagles than it did during the same time period in every other month of the year.
Not only are first week sales of Silver Eagles stronger than any other month, they have already surpassed the total sales in the month of July and August!
The best time to buy Gold or Silver is anytime before the Financial System collapses.
The day after… will be too late.

SILVER-RUSH

The last day of September, the U.S. mint reported silver eagle sales of 750,000 coins.  One day later, they reported another 1.65 million.
Both were one day records.  The two-day total – 2.35 million – was more than the entire months of August and July:

2012 Amercian Silver Eagle

The market has reacted to the big drop in the paper price of silver by a huge increase in Silver Eagle purchases. 
September was turning out to be a much stronger month compared to July and August even before the last update of the month.
On Monday, the U.S. Mint reported 3,375,000 sales for the month. 
Then this evening, I checked to see if they had updated their figures.. which they did in A BIG WAY.

The U.S. Mint just updated their Silver Eagle sales figures for May, and it was a whopper.  Since the beginning of last week, the U.S. Mint sold 1.939,500 million Silver Eagles.  This is a big number.  Total for the month of May is already at 3,262,000 oz.
It took one week for the U.S. Mint to sell more Silver Eagles (1,939,500 oz) than all the Gold Eagles sold in 2012, 2013 and 2014 (1,808,000 oz).
Just think about that for a minute.  The market purchased more Silver Eagles in one week than all the Gold Eagles since January 2012.

Total Eagle Sales FEB MAR 2010  to 2014The U.S. Mint sold more Silver Eagles in the past two months than it has ever in the same time-period in previous years.  February and March sales were so strong, they surpassed 2013′s by nearly 2.4 million.
According to the U.S. Mint’s most recent update, sales of Silver Eagles in March hit a record 5,354,000, which was almost 2 million higher than in March of 2013.
If we look at the chart below, we can see how much heavier the buying was this FEB-MAR compared to previous years:

Silver Eagle Update March 28 2014According to the recent update by the U.S. Mint, Silver Eagle sales hit a new record in March.  Sales of the U.S. Silver Eagle reached 4,476,000 at the end of the week.  Even though this surpassed the amount sold last year by over one million, the U.S. mint still has one final update to take place on Monday, March 31st.
If sales of the Silver Eagle top 500,000 on the last reporting day, total sales in March could surpass 5 million and overtake January as the highest monthly total.

U.S. Mint Silver  Gold Eagle Ratio updateIn an interesting irony, investors are purchasing record amounts Silver Eagles while the top primary silver miners continue to lose money.  Not only did investors purchase the most Silver Eagles in the month of February compared to previous years, the silver/gold ratio is off the charts.
This year, investors have purchased 3,750,000 Silver Eagles compared to 31,000 oz of Gold Eagles.
This is a staggering 121 to 1 ratio, shown in the chart below:

gold & silver sold outThe U.S. Mint updated its sales figures today… and it was another whopper.
Yesterday, the U.S. Mint sold 825,500 Silver Eagles which was about two-thirds of the weekly allocation.
The total Silver Eagle for February is now 3,671,500.
Not only has this been another excellent month (so far) for Silver Eagle sales, it is an all-time record for February!

U.S. Mint Silver Gold RatioAs sales of Gold Eagles remain subdued, the market continues to purchase every available Silver Eagle from the U.S. Mint.  Since the beginning of the year, the U.S. Mint has sold its Silver Eagles on a weekly allocated basis.
 in the past several weeks, 80-90% of the total allocated weekly Silver Eagle amount was sold on the first day of the week!
The U.S. Mint just updated its sales figures Monday, with an astonishing 744,500 Silver Eagles sold in one day:

After a slower than average sales month in January due to the US Mint’s shutdown, Silver Eagle sales have picked up significantly in February.  In the first eleven days of the month, the U.S. Mint has sold nearly 1.7 million Silver Eagles.
On Tuesday, US Mint official Michael White confirmed that demand for Silver Eagles remains so strong that the Mint nearly entirely sold out of its weekly 900,000 sales allocation of ASEs in the first 48 hours of the week.

USMintThe US Mint shut down production of 2013 Silver Eagles today as SilverDoctors’ readers are likely aware, but the 3 weeks early end to 2013 production failed to prevent an all-time sales record for the popular bullion coin.
Coming in at 42,401,000 oz, the Mint bested the previous annual sales record of 39.8 million oz set in 2011 by over 2.5 million oz, even with production shut down after only 926,000 oz were sold in December.
With nearly all of December’s sales pushed into 2014, don’t be surprised to see a new all-time monthly record set in January, as we project 6-8 million ASEs will be reported sold in January.

gold & silver sold outIn this week’s Metals & Markets Wrap The Doc & Eric Dubin discuss:

  • Yellen & TPTB preparing to taper talk of taper as the market forces The Fed to d/c the propaganda, and admit MOAR QE is coming
  • As Comex Registered Inventories Continue To Plummet, Gold signaling a change in trend- higher lows a positive sign the market may be finally turning, and Asian investors are eager to buy the dips
  • JP Morgan Twits Tweet:  Epic marketing failure
  • Retail silver shortage developing once again- 1 month wholesale delays on Sunshine Mint products- the mint that supplies the US Mint with silver blanks

The SD Weekly Metals & Markets With The Doc & Eric Dubin in below:

gold & silver sold outSDBullion has learned from industry contacts that the US Mint alerted its Primary Dealers Thursday that The Mint is halting its weekly allocation of 2013 Silver Eagles, and will be suspending all sales of ASEs for 4 weeks!

*Updated 2:30pm EST: Silver Eagle shortage already underway as primary dealer wholesalers have taken the rare step of raising ASE prices intra-day on a Friday.