Something Brewing At U.S. Mint

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vhf

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Something Brewing At U.S. Mint

posted on Dec 30, 2010 12:32PM

A few of the latest developments at the infamous U.S. Mint:

1) American Eagle Silver Coin production again suspended.

2) Gold coin production has suddenly been curtailed without meeting quotas.

3) The Director of the U.S. Mint just announced his sudden resignation in January 2011, which is only 7 months before his term was to officially expire.

It could all be a coincidence but most seasoned ECU investors know that nothing occurs by accident in the extremely tight precious metal markets. The links to the above "random occurrences" are provided below.

Regards - VHF

Item #1

"According to the US Mint’s website, the 2010 American Silver Eagle Proof Coin has been sold out. This represents an abrupt and somewhat unexpected end for an already tumultuous product offering."

http://tinyurl.com/24phozl

Item #2

"Shortly after posting last week’s report, the United States Mint stopped selling the one-half ounce individual option for the 2011 Proof Gold Eagle. The sell out was surprising because unit sales were still far below the maximum product limit established by the Mint. This week’s report shows sales of 10,166 coins out of the 15,000 limit. It seems that the Mint’s total production was below the product limit.

In previous reports, the Proof Gold Eagle product sales had been compared to the product limits to determine proximity to a sell out. If the US Mint did not produce the maximum for one of the options, it is possible that other options were also under produced. This seems to leave the door open for a sell out of the remaining individual one-quarter ounce, one-tenth ounce, and 4 coin set options at any point."

http://tinyurl.com/3xyg93f

Item #3

"U.S. Mint Director Edmund C. Moy to resign in January. U.S. Mint director Edmund C. Moy is set to depart for a new private-sector job next month, the U.S. Mint said Monday.

Moy, a one-time special assistant to former President George W. Bush, took over as the Mint's 38th director in 2006. His term was set to expire in September 2011."