With Gold and Silver Smashed Again Friday Ahead of FOMC Week, PM Fund Manager Dave Kranzler Joined Us to Break Down All the Propaganda and Market Action:
- Will Silver FINALLY Take Out This Critical Level After the FOMC?
- FOMC Meeting Could Trigger Next Stage of Gold and Silver Bull Market
- No Coincidence the BIG HITS Have Been Occurring on COMEX Open
- CME to Roll out Gold/Silver Ratio Futures Contracts – What’s the Bankster Play Here?
The SD Weekly Metals & Markets With The Doc, Dubin, & Fund Manager Dave Kranzler Is Below:
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 17,500 1 oz Gold Eagles, bringing monthly Gold Eagle sales to 35,000 coins, and year to date sales to 642,000 oz.
Retail silver demand was strong again this week as silver dipped below $19/oz. SD Bullion saw another influx of big new buyers taking down significant 6 figure purchases.
Wholesale premiums on 90% Junk Silver Coins remained stable this week.
2016 Silver Eagle sales reported by the US Mint came in at 640,000 coins this week, bringing September sales to 950,000, and year to date Silver Eagles sales to 29,850,500.
The US Mint released the 30th Anniversary 2016 Silver Eagle Proof Friday, with special 30th anniversary text along the rim of the coin, a first for the mint.
The Silver Eagle proofs are expected to sell out quickly due to the unique feature.
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