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Reuters, a major financial data provider, has attempted a hatchet job on silver, a piece is so bad that should be ignored, but already I’ve seen copies of the release on two major online news sources. Undoubtedly, because of Reuters’ wide acceptance as a mainstream news provider, the piece has spread around the financial world.
As noted in today’s earlier post, the U.S. Mint is allocating Silver Eagles to its distributors. Also as noted in the post, I speculated that the Mint may find that it does not have to allocate because demand may be much lower than it was in March. Still, premiums were up as renewed trading in
Late last week, the U.S. Mint notified its distributors that it will again take orders for its American Silver Eagle bullion coins on April 21, 2008. Interestingly, the Mint further said that it will be allocating coins to its distributors because of “the unprecedented demand for American Silver Eagle Bullion Coins.” At first it may
As noted on the Silver Eagles page on the cmigs website, the U.S. Mint is not now producing Silver Eagles. One of the consequences of the Mint not disclosing why it had stopped turning out its popular 1-oz silver coins was widespread speculation that the Mint was discontinuing its Silver Eagles program due to a
John Lee of goldmau.com posted some observations about the silver market that should be of interest to silver investors, despite Lee’s website being dedicated to commodities traders, not investors. I will comment on some of Lee’s observations, but time does not permit me to comment on all of them. Lee started by noting that in
