from SRS Rocco:
In an interesting irony, investors are purchasing record amounts Silver Eagles while the top primary silver miners continue to lose money. Not only did investors purchase the most Silver Eagles in the month of February compared to previous years, the silver/gold ratio is off the charts.
In February, 2013, investors purchased 3,368,500 Silver Eagles and 80,500 oz of Gold Eagles. Thus, we had a Silver/Gold Eagle ratio of 42 to 1. This year, investors purchased 3,750,000 Silver Eagles compared to 31,000 oz of Gold Eagles. This is a staggering 121 to 1 ratio, shown in the chart below:
The chart shows that Silver/Gold Eagle ratio for the past four years including the 70 to 1 ratio for the beginning of 2014, calculated a few weeks ago. If we update the total sales for 2014 presently, we have the following:
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