T. Ferguson joins The Doc & Eric Dubin for a Special Market Alert edition for this week’s Metals & Markets, discussing:
- US Mint caught completely off guard by EPIC physical demand, SOLD OUT of Silver Eagles after burning through over 2 million oz in less than 2 hours Wednesday morning!
- Primary Dealer of Silver Eagles CAUGHT OVERSOLD– reportedly cancels previously placed contracts for Silver Eagles- a completely unprecedented development!
- Silver tests $15– are we staring at a 2008 Deja Vu collapse to support at $9?
- Not just the US Mint- Canadian Mint may be sold out of Maples as soon as Thursday, and one of the US’ largest private mint HALTS SILVER ROUND SALES!
You won’t want to miss a minute of this MUST LISTEN Special Market Alert Edition of the SD Weekly Metals & Markets below:
On Thursday, we alerted SD readers to the fact that the US Mint had sold out of Silver Eagles, selling over 6 million ounces over the first 9 days of sales in 2013, and was shutting down sales and production of Silver Eagles through at least 1/28, and would ration sales of eagles upon resumption of sales.
With a rapidly growing presence in the retail gold and silver market via SDBullion, we have had a unique perspective of the escalating physical silver shortage, and would like to give our readers an inside glimpse of the time-line of events evidencing a growing shortage of physical silver.
Full time-line of the developing silver shortage from a wholesale perspective is below: