The U.S. mint my not be a common topic of conversation around the dinner table, but so far this month the 6,007,000 ounces of silver they have sold has been enough to suspend silver sales. In essence, the mint has sold out of silver coins. We have yet to reach the record of 6.42 million ounces sold in January of 2011 but there is still time left in the month. When sales resume it will be interesting to see how quickly the 2013 Silver American Eagle coin is consumed again. The U.S. mint began minting the 2013 coin just this month.
On Thursday the S&P closed at its best level in more than five years and the Dow was very close to a similar record. There is a sentiment out there that the bull market isn’t finished. Some investors believe that the stock market could move higher, especially if the political uncertainty is resolved. Chairman and CEO of Morgan Stanley, James Gorman said, “The U.S. economy is recovering. That’s unmistakable. The speed of it still remains to be determined.”
At 2:19 p.m. (EST), the APMEX Precious Metals spot prices were:
- Gold, $1,687.10, Down $5.70.
- Silver, $31.89, Up $0.05.
- Platinum, $1,699.90, Down $29.20.
- Palladium, $721.60, Down $5.50.
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