SILVER EAGLES SALES: Signaling Much Higher Price Gains Ahead
If we take a look at the chart below, we can see that sales for Gold Eagles declined from 209,500 oz in April down to only 50,500 in July. Furthermore, sales really dropped off a cliff so far this month as the U.S. Mint only reported that 5,000 oz of Gold Eagles were sold. Possibly, the U.S. mint has not updated their gold eagle sales figures this past week, but as we can see the trend is much lower.
However, Silver Eagle sales are stronger than ever. Here we can see that after the second take down in the price of gold and silver in June, investors purchased 4,046,500 Silver Eagles in July almost surpassing April’s total of 4,087,000.