"I called the U.S. Mint today. They are not selling any precious metals and they are not sure when later this year they may sell again. The lady said maybe they will sell again in the fall, but she wasn't sure. So the U.S. Mint is not in biz for profit it seems if they sell nickels and dimes only made out of base metals.... a real joke."
Delivery Notices
Today another 752 delivery notices in COMEX April gold were issued bringing the total to 14,047 or 1.4 Million ozs for the month. The dealers dealers only have 2.5 Million ozs. I have to contemplate that the clearly manipulative waterfall selling that started last night in Asia and was repeated on the COMEX open is in some way related to this predicament. Is this to persuade those standing for delivery to re-tender their notices for a higher price? I don’t know but there is no reasonable explanation for the change in price the last two days except for option expiry and last trading day of the April contract. If physical supplies are so tight they need to do this then the market will reverse quickly.
Cheers
Adrian..."
And Just for stateside
"And then the concerted ATTACK last night at 8 pm EST to set the overnight tone, followed by the all-out BASHING the second the CRIMEX opened at 8:20 am. Then the obligatory attempt by gold to rally is stifled as well, in large part by putting the pedal to the metal on the weakling silver market, and then off to the races on the downside as the Gartmans, Nadlers, and supposed "long-term gold bulls" pull out their charts to note how gold is "technically breaking down".