How Long Til US Mint Readjusts Price Of Silver Products?

Jbucks right they are very slow to lower. I cant remember their graph though for the pricing grids whether or not 20 was a magic number to reprice, if it was though theyll take a week or so to lower it especially if its sticking right around 20. I do think 15 is a magic number though If I remember right.

15 seems like the number to me also.

Trying to reformulate a plan on purchasing silver items from the mint.

I'd love to get more of the mint's silver goodies cheaper, especially those 5oz ATB's from the mint at a lower rate.

Also would be happy if I can get a few more silver proof sets cheaper also.

I wonder what metrics the mint uses in their silver prices. I am guessing either a 50-day or 200-day MA but not sure where the cutoffs $$$'s are.

I wrote them once last year on the platinum which was a stable $1350/oz, the proof was $1960 for like a month. Literally the next day, think they dropped it to $1865, still a huge premium oTnTo platinum no matter what the melt is.

To figure where silver is going is like trying to catch a falling knife because it has the industrial tie with a slowing demand from China's lower GDP. Also, hard to price because silver has such wild fluctuations over a short period of time. I think 2 weeks sub-$20 will get the mint to change. Mind you, it just plummeted through it's key support level of $20. Usually it will drop more because the next level of support is $12. The gold trade has been broken for months now.

The precious metals market VS mint pricing = stock market oil prices vs gas station pricing.

A closer relation is is RBOB gasoline which I think is around $2.50/gallon vs. what they charge you at the pump (which includes transportaion/storage/tax/profit).

The mint would require a premium PLUS melt. Coins don't make themselves.

It is really, unfortunately, more complex than that in commodities. The NY mercantile was forced to match paper gold vs. physical gold and they once came up short. So no doubt corruption had to do something with them getting shut down. Even in a good exchange, more people own PAPER silver and gold than PHYSICAL. They rely on algorithm to automatically sell at certain points. Remember, the commodities market is LESS controlled than the stock market. The next "flash crash" that enters a sell order of 10 million ounces of gold, all those people relying on those algorithms get burnt because that triggers an automatic sell off.

Like I said, $20/oz is a key support level. It closed below that and there is nothing to catch it (buy it) until $12/oz. Couple that with hedgefunds looking to make returns for their clients portfolios, there are a lot of people shorting or betting against a higher price. These parasites make money when the price of silver goes down.

With silver closing today around 18.50 an oz, (5oz=92.50 melt), and people saying it and gold are going to fall even more, I see at least another $20, probably another $40 coming off the 5oz ATB's from the mint here soon.

Another point is that the mint really isn't affected by silver price. I thought that the whole idea behind the ASE program was to decrease the amount of silver that the fed was holding (hoarding). Seems that buying new silver at market would defeat this purpose.