Eagles Soar; Rush to Buy Physical Yet to Come?

Posted by on February 3rd 2012 in Federal Reserve, General Economy, Gold, Monetary Policy, Short Sellers, Silver, Wall Street | Be the first to comment!

As American Silver Eagles have their second-best January since the coin was introduced in 1986, with 6,107,000 sold,  Patrick Heller, in a CoinWeek article, argues that the “Rush to buy physical gold and silver hasn’t started yet.” While providing an extensive list of reasons why the supply of gold and silver is constrained, he believes that the “largest impact on the prices of both will come from a surge in buying demand.  Even though there has been an increase in demand for the two metals for industrial and investment purposes, the market has not yet experienced a sustained rush to buy physical gold and silver.”

Related Links:  

Dow Jones:  U.S. jobs surprise dents gold

MarketWatch:  Gold futures fall 1.1%, log first drop in four sessions; silver down 1.3%

Wall Street Pit:  Gold and silver outperform in January; Is there more upside in 2012?

Kitco:  Gold prices could correct next week, but trend remains up

Telegraph:  Gold will rise against ‘heavily debased‘ currencies

Barratt’s BulletinSilver the better bet

Beacon Equity:  Gold:Silver ratio screams buy silver

Citywire:  Silver needs ‘a new group of investors‘ to keep surging higher

Bill Bonner:  Buying gold in uncertain times

MarketWatch:  Short-term risk is now quite high in the gold arena

Zero Hedge:  Kyle Bass: “Don’t sell your gold

Bullion Vault:  Gold capitalises on low interest rate environment

Bloomberg:  Payrolls jump casts doubt on Fed rate pledge

ABC News:  U.S. jobs report skepticism: As good as it gets?

Jesse’s Café Américain:  The non-farm payrolls report: Air brushing history

Mike Shedlock:  In January, those “Not in Labor Force” rose an amazing 1,177,000

Fiscal Times:  Why most U.S. manufacturing jobs are gone forever

No TweetBacks yet. (Be the first to Tweet this post)

Leave a Reply