Ed Note: You think he did this because he thinks silver is going DOWN?
This infographic video visualizes in physical cash the $10+ Trillion that has been pledged to be printed in 2020 by US Gov and Federal Reserve. That's an average of ~$27 Billion per day.
Tweet of The Day: The Leading Indicator For Gold & Silver Prices, Mining Stocks, are on the Move UP Again. “GAME ON”
Game on. Gold & silver stocks breaking out across the board.The one and only industry with real fundamental improvement today.Median FCF for the [...]
With the recent update from the U.S. Mint, Silver and Gold Eagle sales surged in August. While Gold Eagle sales continue even higher during August, the real explosion took place in the Silver Eagle figures. After the U.S. Mint adapted its fabrication processes to incorporate protections for employees due to the virus, production and sales of Silver and Gold Eagles took off again in August. And, when I say that Silver Eagle sales EXPLODED in August, I wasn’t exaggerating. In June, the U.S. Mint sold a bit more than one million Silver Eagles, but this more than quadrupled in August. Total Silver Eagle sales in August were 4,477,000, higher than the total sales from August to December 2019 at 3,591,500.
We have to keep our eyes on the bigger economic cycle. It helps in maintaining a proper perspective, and putting more emphasis on the bigger prize rather than the day to day movements. The historical relationship between silver and the stock market provides great insight as to where we are currently in this cycle. Traditionally, the best part of silver rallies come after a significant Dow peak. From previous work I have shared, it is clear that silver is still extremely cheap, and should be accumulated at these prices. The following comparison of silver and the Dow supports this, and gives us the proper perspective regarding the bigger economic cycle.
And Perth Mint Silver sales for the year so far at 11,485,331 ounces are 78.4% higher than the 6,439,531 sold through the same period in 2019.