The Setup is Here For Gold: “I Think It Will Happen Before the End of July!”

With the Gold Price Hitting A NEW HIGH Above $1308 & Closing the Week Over $1300, PM Fund Manager Dave Kranzler Joined the Show Discussing:

• $1300 Gold: 3 Taps & OUT? 
• “There’s Not Alot of Resistance Between Here and $1800.  This Could Turn into a Runaway Freight Train VERY QUICKLY”
• The Setup is Here For Gold: “I Think It Will Happen Before the End of July!”

  Click Here For Full Market Coverage With Fund Manager Dave Kranzler:

DOC’S GOLD & SILVER MARKET REPORT:

The US Mint sold only 1/2 million 2016 American Silver Eagle coins this week, bringing the Mint’s June sales to 1,382,500 coins, and overall 2016 sales totals to 24,795,500 Silver Eagle coins.

This marks the 2nd straight week that the US Mint has failed to sell-out of the week’s production, further validating our report last week that the Mint will soon be ending Silver Eagle allocations for the Authorized Purchasers for the first time sine June of 2015.

Junk 90% Silver premiums continue to fall on the wholesale market, another indicator that wholesale supply of investment grade silver is healthy at the moment.

Premiums on Private mint silver rounds and silver buffalo rounds have also declined to levels not seen in several years as the private mints that ramped up silver round production several fold over the past 12 months are now experiencing a touch of over production.

This has been confirmed by news we can now confirm that one of the two largest silver refiners in the US has dumped hundreds of thousands of generic silver rounds onto the wholesale bullion market to help clear excess inventory. 

The Week’s Top Silver News Stories

The Week’s Top Gold News Stories