The Phaserl


A Good Sign for Silver in the Short Term

by Bix Weir, Road To Roota:

A few weeks back the US Mint announced that US Treasury Secretary, Jack Lew, had ordered them to stop selling the #1 retail silver coin in the world…the 1oz Silver Eagle. He ordered it because too many were being sold at the low, manipulated silver price below $15/oz and he knew that there was more pain to come in the silver price suppression so he cut off supply to slow the physical dishoarding of the remaining stockpiles of silver.

That’s the truth and there is no other way to describe it.

Yesterday, the US Mint announced that the sales of US Silver Eagles will resume on July 27th on an allocated basis as mandated by US Treasury Secretary, Jack Lew.

US Mint to Resume Silver Eagle Sales July 27

Silver bullion investors will have to wait one more week to buy more 2015 U.S. American Eagle Silver coins from the U.S. Mint.

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