Post by jeffolie on Dec 2, 2012 14:21:32 GMT -6
DUCK? Eagle sales raise questions
Gold Eagles Jump Big: US Mint sales, not silver eagles
This has the look of a 'duck' ... if it walks, talks like a duck ... the duck seems to be that this is a rare anomaly to be ignored until more follow through explains the Eagles sales jump.
I wonder if this Big Jump of Gold Eagles sales by the US Mint will be revised, unwound, reversed ... or will the future sales remain at these higher levels, sustain the very Big Jump ... and why? Are other sources suddenly not selling thus increasing the US Mint sales because of unavailability in otherwise reliable selling resources?
Be Patient ... the devil is in the details not provided by the below chart ... certainly the price of gold on the spot markets has not reflected the Big Jump of US Mint gold Eagles sales.
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The Chart That Keeps Ben Bernanke Up At Night
12/01/2012
What changed in the last 30 days? Did the world just wake up to the idea that the only way out of this quagmire is a twisted currency war that appears to have re-ignited thanks to Abe's efforts? Something appears to have snapped in the American psyche as the last 30 days have seen the largest physical gold sales on record. Between the search volume for 'bulk ammo' and this, we fear something is afoot and while Congress fiddles as our economy burns, Bernanke going 'back to work' is perhaps what the physical 'horders' are thinking... or maybe they understand, as we noted here, that just as Kyle Bass has confirmed previously, Paper Gold is just like allocated, unambiguously owned physical bullion... until it’s not.
www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/11-2/20121201_Gold.png [/img]
www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/11-2/20121201_Gold.png
(Source: US Mint) www.usmint.gov/mint_programs/american_eagles/index.cfm?action=sales&year=2012
Gold Eagles Jump Big: US Mint sales, not silver eagles
This has the look of a 'duck' ... if it walks, talks like a duck ... the duck seems to be that this is a rare anomaly to be ignored until more follow through explains the Eagles sales jump.
I wonder if this Big Jump of Gold Eagles sales by the US Mint will be revised, unwound, reversed ... or will the future sales remain at these higher levels, sustain the very Big Jump ... and why? Are other sources suddenly not selling thus increasing the US Mint sales because of unavailability in otherwise reliable selling resources?
Be Patient ... the devil is in the details not provided by the below chart ... certainly the price of gold on the spot markets has not reflected the Big Jump of US Mint gold Eagles sales.
=======================================
The Chart That Keeps Ben Bernanke Up At Night
12/01/2012
What changed in the last 30 days? Did the world just wake up to the idea that the only way out of this quagmire is a twisted currency war that appears to have re-ignited thanks to Abe's efforts? Something appears to have snapped in the American psyche as the last 30 days have seen the largest physical gold sales on record. Between the search volume for 'bulk ammo' and this, we fear something is afoot and while Congress fiddles as our economy burns, Bernanke going 'back to work' is perhaps what the physical 'horders' are thinking... or maybe they understand, as we noted here, that just as Kyle Bass has confirmed previously, Paper Gold is just like allocated, unambiguously owned physical bullion... until it’s not.
www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/11-2/20121201_Gold.png [/img]
www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/11-2/20121201_Gold.png
(Source: US Mint) www.usmint.gov/mint_programs/american_eagles/index.cfm?action=sales&year=2012