US Mint Reports Soaring November Month-To-Date Silver Coin Sales Surpass 2010 High Following Massive Rush Into Precious Metal

Tyler Durden's picture

Is Max Keiser's attempt to put JP Morgan out of business working following the mother of all silver physical squeezes? The price of silver has been stable in the past few days, but if the US official precious metal seller is to be trusted, this will not last long. According to the US Mint, sales of 1-ounce American Eagle
silver coins are headed for the strongest month since at least
May, Bloomberg reports. And according to our update, the May total has not only been passed, but the November MTD total is already the highest in 2010. More details: a record 3,775,000 silver coins have been sold this month, compared with 3,636,500 in May, according to data on the Mint website. Silver futures in New York touched a 30-year high of $29.34 an ounce on Nov. 9. American Eagle coins also are available in gold and platinum. The Mint said 62,500 ounces of gold Eagles have been sold in November. What is interesting is that sales of the coins continue at an astronomic pace despite the nearly 10% premium one has to pay over spot. What is more interesting, is that the Mint has not run out yet. Yet the refreshing thing, is that instead of buying paper certficates promising that one's presumed purchases of gold is held by the DTCC, Americans are once again going straight into physical. Here is hoping Keiser's plan ultimately unravels whatever the RICO suit against JPM and HSBC leaves untouched.

From the Mint:

2010 Silver Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
January 3,592,500
February 2,050,000
March 3,381,000
April 2,507,500
May 3,636,500
June 3,001,000
July 2,981,000
August 2,451,000
September 1,880,000
October 3,150,000
November 3,775,000
Total 32,405,500

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tpberg7's picture

Shit, Shinola and Silver Bitchez!  

Thank you Max Keiser


Goldilocks's picture

Crash JP Morgan Buy Silver ... & gold too,ooo,ooo

Mr Lennon Hendrix's picture

Man U Player Of The Century Eric Cantona Appeals For Peaceful Revolution Against Banks, Calls For Europeans To Pull Their Money....

And buy some physical silver bullion with the cash.

Right now the Dinosaur Kings are needing PMs to drop to hit their shorts.  We are holding a wall before them by holding our own wealth.

Max Keiser seems to be on to something, he is calling for a unified buy of silver on Decemver 11th.  I will be purchasing some that day, as well as before. 

Silver Bomb December 11th!:!

Max Explains; Max Keiser on The Alex Jones Show - 11.18.2010 part-10:

Max Calls for $500 silver; Max Keiser on The Alex Jones Show - 11.18.2010 part-11:

Instant Karma's picture

The US Mint makes silver and gold bullion coins. The mint stopped making platinum bullion coins in 2008, except for a few thousand proof coins. Canada makes the full range of gold, silver, platinum and palladium coins.

dlmaniac's picture

Leave sth for me, folks. I'd like to order a few more rounds of silver bullets to be fired into JPM's naked butt.

Instant Karma's picture

Strange that sales of silver coins are soaring even as the price has doubled from previous levels in the mid-teens. Silver is quite affordable even in the 20s. Somehow I wonder if it won't be so affordable when this thing plays out.

Turd Ferguson's picture

Hi, Jimi.

Thought I'd stick a little market summary & forecast in here. You can, of course, find regular updates on my new blogspot page.

We all saw the gold and silver lows on Tuesday but we didn't get excited about calling a bottom until the re-test of overnight Tuesday into Wednesday. From there, both charts look great, silver in particular.

Silver has led Big Brother Gold for over 90 days now as troubles at the silver Comex have spilled over into the gold pits. Look for more of the same in the coming weeks. 

Next week brings option expiry on Tuesday which promises to be interesting. Absent some really bad, armageddon-type news, however, I seriously doubt that the EE will be able to get it going downward too signifiacntly. Maybe a push back down toward todays lows and from there 1340 but that should be it. Once Tuesday is over, we rally the rest of the holdiay-shortened week. Probably finish the week near that all-important 1370-75 level.

In silver, well, all bets are off due to the massive OI and ongoing delivery crisis. Look for an option expiry-related low down near 26.40 before closing next Friday near or above 28.

All of this sets us up for a big, big first week of December. $35,000,000,000 in new POMO that week virtually assures a big up week for the metals. I'd expect new contract highs that week in both silver and gold. Its going to be one helluva ride.

For more, don't forget about

Turd, out.

Boba Fiat's picture

Bookmarked and read daily, my friend.  Thanks for your insight.

boiow's picture

+ 55     accurate insights too.

midtowng's picture

Sinclair says we are about to reach a 1979 scenario for gold. Personally I don't find that idea very appealing because I'm not ready to sell. Mostly because I don't know what I would buy in exchange. Everything looks overpriced.

BigJim's picture

Sir Turd, I read your posts with interest and appreciation.

What do you think of the idea that they'll divert some of the POMO funds to help hold down PM prices?

Also... it's a shame Max Kaiser didn't ask people to do the silver bomb on the same day as the European bank run call (the 7th), n'est ce pas?

Double whammy for the banks...

qrad's picture

silver bitchez! Pledge your physical deliveries at !

midtowng's picture

Max Keiser rocks.

He's not the most polished reporter out there, but he sure is entertaining...and he tells the truth.

velobabe's picture

adorable rocks for me, more then polished. he is so cute :-)

VeloSpade's picture

Are you makin fun of my name?

velobabe's picture

NO not at all, i want to be V E L o B L a D e.

but i might make fun of your picture, of Bob huggin man boobs, kinda G A Yyyyyyy.

VeloSpade's picture

Its not nice to make fun of Robert Paulson, RIP...even if his nipples look like tophats made out of goodyear quality strength tire rubber.

DosZap's picture

Max is about half insane, and is having a ball.

If I had relocated where he is, so would I.

I can see him with a Guest Spot on GLEE, as a Cheerleader ,wearing a totally sliver outfit.

Bowie style..(<;

PapiBow's picture




Welcome to Zionist World Order


watch this video from start to finish for your real education what drives gold and silver


to save as your own video file and watch with a media player



or from google







RobotTrader's picture

Perhaps if silver gets its legs, the Monster-energy chugging mo-mo traders working at all the big name firms will start chasing it.....

Then it may have a chance to run to $50.

No doubt, Monster is being consumed in mass quantities, as it broke out to new highs today.

Flash crash a distant memory.



nwskii's picture

"If Silver gets its legs" Yea your probably right, it hasn't gone up at all but it could go to $50. "If" it starts to go up. Ill buy Silver you buy the Monster drink LOL

goldmiddelfinger's picture

HANS used to be 50 cents per share.

Where was your chart then?


DosZap's picture


Haven't been watching the prices have you?.

Went up $1.34 yesterday, back to over $27.00+ again today.

Been tring to get another spot to hit again today..ain't happnin.

Bill Lumbergh's picture

When are you going to start showing us these "gems" before they make their big moves?

cosmictrainwreck's picture

"Uh, yeeeahhh.....RoboTrader...what's happening....? You know, if you could just go ahead and tell us about a hot one in the beginning, that would be ggrrreeaatt..." [standard disclaimer of all offerings, etc = past performance no guarantee of future...]

GoinFawr's picture

Indeud Bill, could 'Robotrader' merely be a mild mannered moniker to disguise 'his' true identity:


We'll never know, I'm sure. (Except mb in retrospect).

tmosley's picture

Momo traders won't buy physical.  Margin requirements will be hiked so often that paper speculation becomes impossible.  Before this is all over, I wouldn't be surprised to see greater than 100% margin requirements.  This will be imposed as a way to "chase shorts out of the market" given their unlawful market manipulation, but of course the people who hold the concentrated shorts get free money from the Fed, so even 100000% margin requirements won't have any real effect on them.  Of course, this will be around the time of QE 5, which will see $5 trillion pumped into the markets every two hours (Krugman will want more, and more often).

I just made myself sad :(

Guy Fawkes's picture

another unsatisfied pleeb holding paper monopoly money.

GoinFawr's picture

47 junks (so far) equals 47 more pieces of silver, or thereabouts.

Bay of Pigs's picture

Junk #1

And you'll be doing exactly what to "get ahead" Douche?

scratch_and_sniff's picture

I have property and land, community, a trade, and youth. I dont even need the little wealth that i have, if it goes, it goes. I am having fun, and dont see the fabric of society breaking down anytime soon. The human race has come through a lot more than this, straight from the primordial soup.

cossack55's picture

Hey, youth.


Get some, plebe.

scratch_and_sniff's picture

Well i took us back to primordial soup, how far back you want to go? Don hit me with the history bollocks either, history is black and white, reality is a different animal.

cossack55's picture

Ah, the most impressive wisdom of youth.

Problem Is's picture

Youth is wasted on the wrong people...

JonNadler's picture

young men are apt to think themselves wise enough as drunlen men are apt to think themselves sober enough

snowball777's picture

I think you meant, "...apt to drink themselves sober enough".

Have another reeb.

scratch_and_sniff's picture

Come back to me when you have put your teeth in.

JonNadler's picture



do you want a job at Kitco? no teeth required, actually no teeth is good since Jamie ....errrr, I mean....

DosZap's picture

When you have YUTE, it easy to think your invisible, and bullet proof.

The longer you live, the more wisdom you should  accrue.

The words you speak here, tells me you (like all before you), have a long way to go.

You will wake up one day, and realize your YUTE is gone, going, fleeting.

Prepare now,for the unknown.That is after all what life is about..preparing for the unknown.

BTW, all you THINK you have can vanish before you can say jack shit.


DoChenRollingBearing's picture


You whippersnappers out there, listen to people who say wise things.

And read history.  It's worth it.

Mariposa de Oro's picture

all you THINK you have can vanish before you can say jack shit

Wise words.  Indeed.  Our young friend would do well to consider them.

scratch_and_sniff's picture

I cant work out what irritates people more, having a pop at gold or telling people that i am young.