The Silver Shorts Are Getting Concerned! – David Morgan

shorts-burn-fireWith A Trend Change in Gold and Silver Prices Underway Friday, Expert Analyst David Morgan Joined the Show, Discussing:

  • Morgan and Dubin Explain Why It’s Gonna Be EXPLOSIVE In the 4th Quarter! 
  • Gigantic Tidal Wave of Managed Money is Beginning to Sniff Around Gold and Silver
  • Why Morgan Thinks This Is “Going to Be the Longest and Most Bullish Move in Precious Metals History” 
  • “The Secretary Had NEVER Seen Real Silver Before!’: Risks of Unallocated (Rehypothecated) Storage vs. Offshore Allocated & Segregated Bullion Storage in Cayman Islands
  • This is A Major Concern For the Silver Shorts…




After slow retail gold demand for most of the month, gold bullion sales were strong across the industry this week as gold prices dipped as low as $1302 –
SD Bullion saw an inventory of over 800 Gold Krugerrands evaporate in under 24 hours!
In addition, one of the largest Authorized Mint Purchasers Sold Out of 2016 1 oz Gold Maples.  The US Mint sold 5,000 1 oz Gold Eagles, bringing year to date sales to 605,000 oz. 

In Silver:

Strong demand returned to the retail silver market this week as silver spot prices dipped to nearly $18.50/oz before jumping back over $19.30 Friday. 

Wholesale premiums on 90% Junk Silver Coins jumped another .20 this week, confirming a trend change in wholesale 90% silver premiums after 6 months of rising supplies and softening premiums. 

As 90% is a leading indicator of physical silver supplies and premiums, this rise in 90% premiums, while not anything to get excited about yet, is a trend change – and as such worth noting, particularly as the market enters the typically strong fall season.

After tremendous amounts of inventory flooded the market over the past 3 months, secondary silver rounds  have nearly entirely vanished on the wholesale market this week, another indicator that an inflection point has occurred in the physical silver market.

2016 Silver Eagle sales reported by the US Mint came in at 410,000 coins this week, a slight decline from last week’s 630,000 number, but still up significantly from 150,000 coins/week sold throughout most of July and August.

This brings year to date Silver Eagle sales numbers to 29,040,500 coins.  

The US Mint is set to release the 30th Anniversary 2016 Silver Eagle Proof mid-month, which will likely be one of the most highly sought after Silver Eagle proofs in recent years.

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