← Back to All Videos

A-Mark Bullion Update

Blog Nov 3, 2015

A-Mark-Precious-Metals-IncThe hangover from last week’s Federal Open Market Committee meeting continues to afflict the precious metals. Gold has traded lower for four consecutive sessions now and is set to make its lowest close in over a month today. Recent equity and USD strength has contributed to traders and investors exiting from long precious metals positions. Gold is now well under all major moving averages and next major support is coming in at the psychological figure of $1,100. According to US Mint data, gold coin sales in October totaled 44,500 ounces, down 50% year on year for the same period. Silver coin sales over the last month totaled 3.8 million ounces, a drop of 35% year on year. Keep in mind that the silver figures don’t reveal the full story as the US Mint has been on allocation since June of this year. This means that authorized purchasers have been restricted each week to a finite number of coins even though market demand has clearly outstripped supply. While silver coin demand has remained robust over the past few months, silver exchange traded holdings are at their lowest level since July of 2013.

Secure Your Future With Gold & Silver

Access expert advice and transparent pricing—backed by decades of leadership in retirement protection.
Schedule Strategy Call

Sources & References In This Article

Tags

Similar Posts

Blog Jun 2, 2025

$100 Billion ‘Ghost Field’ Discovery Could Power America for 30,000 Years

Learn More
Blog May 19, 2025

ECB Sounds Alarm on Gold Surge – Fears Will Trigger Financial Collapse

Learn More
Blog May 14, 2025

The Economic ‘Storm’ Will Get Worse: Is the U.S. Headed for a Radical Reset?

Learn More
Blog May 5, 2025

Will U.S. Basel III Unleash Gold? BIS’ New Reset Plan

Learn More
Blog Apr 30, 2025

China ‘In a Panic’ to Start War, The U.S. is Preparing : Gordon Chang

Learn More
Blog Apr 29, 2025

O’Leary: Mark Carney Faces ‘Hell of a Time’ Fixing Trudeau’s Economy, Sees Early Election

Learn More
Blog Apr 28, 2025

No Gold? You’re Doomed In The Reset War

Learn More
Blog Apr 25, 2025

Fed’s Desperate Bid to Stop Gold Price – Why it Will Backfire

Learn More