Record September Gold Eagle Sales… A Big Price Move Coming?
Matter-a-fact, Gold Eagle sales in September are the second highest for the year. If we look at the chart below, investors purchased 55,500 oz of Gold Eagles, more than double August sales of 25,000 oz. January usually holds the single highest sales month of the year due to high demand for the newly released official gold coin.
Matter-a-fact, Gold Eagle sales in September are the second highest for the year. If we look at the chart below, investors purchased 55,500 oz of Gold Eagles, more than double August sales of 25,000 oz. January usually holds the single highest sales month of the year due to high demand for the newly released official gold coin.
Not only are September Gold Eagle sales higher than June’s 48,500 (when the price of gold hit a low of $1,240), they are 4 times higher than sales during the same month last year. Gold Eagle sales in September 2013 were a paltry 13,000 oz.
Furthermore, demand for Gold Eagles are even higher than July 2013 at 50,500 oz… when gold hit a low of $1,181. There is a great deal of concern from many analysts that the broader stock markets are overdue for a correction… maybe even a crash.