Saturday, November 8, 2014

Silver Chart Analysis & American Eagle Sales Review

New post on Daily Gold & Silver Updates

Silver Chart Analysis & American Eagle Sales Review

by Admin
EndlessMountain on YouTube shares his silver chart analysis and reviews various sales charts for the American Silver Eagle. In October, we saw American Eagle sales break records which led the the U.S. Mint running out of 2014-dated coins to sell. This massive surge in demand is due to the recent decline in precious metals prices. The rising US dollar and announcements by the Fed to end Quantitative Easing have been the major drivers of the fall.

Wednesday, November 5, 2014

Breaking News: US Mint Sold Out of Silver Eagle Coins...

New post on Daily Gold & Silver Updates

Breaking News: US Mint Sold Out of Silver Eagle Coins

by Admin
The U.S. Mint has temporarily sold out of their Silver Eagle coins due to "tremendous" demand over the past few weeks. In a statement sent to its biggest U.S. coin wholesalers, the U.S. Mint says it will continue to produce 2014-dated coins. The Mint will advise when additional inventory will become available for sale without providing further details. The violation of the $1,200 support level for gold and long-term uptrend in silver has unleashed a surge in demand for silver and gold coins in North America and Europe.

Monday, November 3, 2014

Alan Greenspan on QE, Inflation & Gold Price Forecast...

New post on Daily Gold & Silver Updates

Alan Greenspan on QE, Inflation & Gold Price Forecast

by Admin
Alan Greenspan was the big headliner at the New Orleans Investment Conference, participating in a one-on-one interview with the MC, Gary Alexander, and then participated in a panel discussion with Porter Stansberry and Dr. Marc Faber. Mr. Greenspan made some very important points which has been outlined in an article on GoldSeek written by the CEO of the New Orleans Investment Conference. Here are some of his main points:
  1. We are not going to exit QE and the Fed’s zero interest rate policy without some sort of a major market event. In effect, he noted that the tremendous expansion of the Fed’s balance sheet is absolutely unprecedented, actually “beyond comprehension,” and there is no easy path out of the predicament.
  2. Gold is going “measurably” higher. When asked where the price of gold would be in a year, Dr. Greenspan demurred, noting that he would never make a market prediction. However, he volunteered that he would gladly predict where gold would be in five years...and that it would be “measurably” higher for various reasons.
  3. An inflationary bonfire is just a spark away. In particular, he agreed that the only reason we have yet to see inflationary pressures was because most of the money printed through QE had found a home not in the economy, but in the banks’ $2.7 trillion of excess reserves being held at the Fed, where they’re earning about a quarter-point of interest.
  4. The Fed doesn’t really control interest rates. In other words, the market will set rates, and the Fed will lose control. Although he didn’t express it, the comparison with the stagflation of the 1970s is obvious and concerning.
  5. The Fed says that total public debt outstanding is now $17.8 trillion, but don’t believe it. It’s actually incalculably higher.