Yesterday I blogged about a potential long opportunity and several key technical areas in the metals.
There was an interesting article that I came across since then, which adds more conviction to the trade. This was published by Reuters on July 7.
UPDATE 1-U.S. Mint sold out of silver coins due to strong demand
Follow the link to read the full article. The most interesting part of the article was this
The first instinct was to do a google search to find out when the last article in November was written. As you may recall from yesterday's blog post, the low's in Gold were made on November 5th. Surely enough, the article was written on November 5th and that was the previous time the US Mint ran out of silver - the exact day Gold had made a low yet to be taken out. Here is the link to the previous article
U.S. Mint temporarily sold out of Silver Eagles amid huge demand
There was an interesting article that I came across since then, which adds more conviction to the trade. This was published by Reuters on July 7.
UPDATE 1-U.S. Mint sold out of silver coins due to strong demand
Follow the link to read the full article. The most interesting part of the article was this
This is the second time the mint has sold out of silver coins in the past nine months - it ran out of 2014-dated American Eagles in November last year.
The first instinct was to do a google search to find out when the last article in November was written. As you may recall from yesterday's blog post, the low's in Gold were made on November 5th. Surely enough, the article was written on November 5th and that was the previous time the US Mint ran out of silver - the exact day Gold had made a low yet to be taken out. Here is the link to the previous article
U.S. Mint temporarily sold out of Silver Eagles amid huge demand
