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 Replies: 11 / Views: 2,376 |
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New Member
United States
13 Posts |
Week ending May 1, 2017 This week's precious-metals bullion sales report includes a couple of backdated adjustments to the Mint's figures. The total number of American Buffalo gold bullion coins sold in March has been adjusted from 7,000 to 8,500. The 2016 sales figures for the America the Beautiful 5-ounce silver bullion coins have also received two small adjustments: Harper's Ferry has been bumped up from 38,600 to 38,700, and Ft. Moultrie from 27,900 to 28,300. This brings the total number of ATB bullion coins sold in 2016 to 287,000, for a final volume of 1,435,000 ounces. George Tsourdinis *** Moved by Staff to a more appropriate forum. *** |
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Pillar of the Community
United States
4211 Posts |
 Discovergold. Thanks for the updated information! |
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New Member
 United States
13 Posts |
As of 5/9/2017 Gold is on an Intermediate-Term Trend Model Neutral signal. The Long-Term Trend Model, which informs my long-term outlook, is on a BUY signal as of 4/11/2017, so my long-term posture is bullish.
George Tsourdinis
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New Member
United States
13 Posts |
We should see a trend change come July in NY Gold Nearest Futures so pay attention to events ahead. Last month produced a high at 129740 and so far we are trading neutral within last month's trading range of 129740 to 124540. We need to breakout of this range to confirm the direction. Therefore, a close above will be bullish and a close below will warn of a possible decline. As of the close of Fri. May. 12, 2017, the market is immediately in a neutral position for right now.
George Tsourdinis
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New Member
United States
13 Posts |
Week ending May 11, 2017 Silver As of May 11, 2017, the U.S. Mint's authorized purchasers (APs) have bought 9,772,500 American Eagle silver bullion coins. During the span covered by this report, 450,000 ASE's were sold. In 2016, the Mint sold 37,701,500 ASE coins; with 33 weeks left in 2017, sales would need to average more than 846,300 each week to equal last year's total. Also during this reporting period, the Mint records sales of 1,200 America the Beautiful Frederick Douglass National Historic Site 5-ounce bullion coins, along with an additional 500 Effigy Mounds National Monument 5-ounce bullion coins. These sales together account for 8,500 ounces of silver for the period; 204,000 ounces' worth of ATB 5-ounce silver coins have been sold this year. The total volume of silver bullion sold by the Mint during this period comes to 458,500 ounces, with the year-to-date total reaching 9,976,500 ounces. Gold Over the course of this reporting period, 1-ounce American Eagle gold bullion coins sold a reported 2,000 ounces. (No sales are recorded for 1/4-ounce AGE coins for the period.) This brings the Mint's year-to-date total for American Gold Eagles to 176,000 ounces. American Buffalo 1-ounce gold bullion coins sold 1,000 units for the period, bringing the 2017 total for the coins to 61,000 ounces of gold. For both coin types together, the Mint's year-to-date figure is 237,000 ounces of gold. George Tsourdinis |
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New Member
United States
13 Posts |
The indicators have suggested lower prices until now. Gold has made a resurgence, bottoming at $1210. The PMO is turning back up and I suspect we will see an IT Trend Model BUY signal reinstated soon as the 20-EMA is already turning back toward the 50-EMA.
George Tsourdinis
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New Member
United States
13 Posts |
The Dollar is struggling and that is helping Gold resume its rally. Last week saw a jump in the VIX and short-term corrections which will typically help Gold. These new signals could be representative of caution or concern with a bear market. However, with the SPX generating a new STTM BUY signal, new optimism may have arrived. If investors become less nervous, Gold could lose favor as it is widely considered a "safe haven" in rough markets.
George Tsourdinis
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New Member
United States
13 Posts |
After last week's sharp advance, gold consolidated until Friday, at which time it broke upward again. Sentiment is still bearish.
George Tsourdinis
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New Member
United States
13 Posts |
Gold will rally ONLY when people begin to see that governments are failing. I am not talking about my readers. We all see what is coming. I am talking about the AVERAGE person on the street. Then you will see the gold breakout. We are getting closing. Patience is required when it comes to gold.
George Tsourdinis
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New Member
United States
13 Posts |
Should we see the usual seasonal dip in the Precious Metals sector during this month and possibly into July, it won't alter the Big Picture set out here and it should be seized upon as a buying opportunity, although what we are seeing in the dollar now suggests that the seasonal dip may not happen this year. https://www.clivemaund.com/free.php?id=4205George Tsourdinis |
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New Member
United States
13 Posts |
The 8-year chart for silver is quite similar to that for gold, as one would expect, except that it is skewed downwards because silver tends to underperform gold during the late stages of sector bearmarkets and the early stages of bullmarkets, but it certainly looks like a good entry point for silver and silver related investments.
George Tsourdinis
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New Member
United States
13 Posts |
U.S. Mint sales report: Week ending July 16, 2017 This report covers the week ending July 16, 2017. The Mint had one new release during this sales period: the 2017 America the Beautiful-Ozark National Scenic Riverways 5-ounce silver Uncirculated coin (17AL). Released on July 11, it handily took the number-one-seller spot on this week's report, with 13,740 units sold. Among the 5-ounce ATB Uncirculated coins, however, it had one of the weakest opening-week showings ever. The 2017 American Eagle 1-ounce platinum Proof coin (17EJ)—last week's best seller—tumbled to seventh place, but it remains an interesting item. Limited to a mintage of 10,000, the coin was released on July 6 with a tight household order limit of 1. Each year's American Eagle platinum Proof tends to sell out within days or even minutes; not so with the 2017 edition. It sold nearly 60% of its mintage during its first week (5,960 units)—respectable, but not up to expectations—and the Mint removed the order limit on July 10. Another 2,084 units were ordered, bringing the total (as of July 16) to 8,044 coins sold. A sellout seems likely, even if it won't be the most exciting one in recent history. Coming in second this week is the 2017 Proof Set (17RG), which sold 7,386 units. It's followed by the 2017 Silver Proof Set (17RH), with 5,546 sold; the 2017 Uncirculated Set (17RJ), with 4,476 sold; and the 2017 American Eagle 1-ounce Uncirculated silver coin (17EG), with 3,355 units sold. The bottom half of the top 10 includes the 2017 American Eagle silver Proof coin (17EA), with 2,584 sold during this reporting period; the aforementioned APE Proof coin; and in eighth place, the 2017-P American Liberty silver medal (17XB), with 489 sold. The 2017 ATB Quarters Silver Proof Set (17AQ) sold 443 units, putting it in ninth place, and the 2017 ATB-Ozark National Scenic Riverways three-coin set, with 441 sold, complete the top 10. There were no significant downward adjustments for the period, and in fact, only three products had negative numbers, with each of them netting -1 sales last week. No items have been newly removed or marked "sold out" or "unavailable." http://news.coinupdate.com/u-s-mint...uly-16-2017/George Tsourdinis. |
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Replies: 11 / Views: 2,376 |
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Posted 05/07/2017 11:48 am
