The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label retailers. Show all posts
Showing posts with label retailers. Show all posts

Wednesday, March 22, 2017

Silver mint sales skyrocket this week as gold to silver ratio remains at 70/1

There has been much discussion over the past 30-45 days of the decline in the purchasing of gold and silver bullion from the U.S. Mint.  And there are many factors that could be driving this decline in demand which include institutions going full bore into stocks (as we saw with the Dow going from 20,000 to 21,000 in record time), and also the fact that retail consumers are desperately out of money to buy non-necessity items.

But something interesting happened on Monday which may be showing that the past month's declines in silver buying was perhaps just a blip on the radar as reported sales on Monday, March 21 were alone more than three times the total amount of Mint silver sales from the previous week.

Image result for silver better investment than gold
Silver at just $17.50 per ounce remains about 1/ 70th of the price of gold at $1,230/oz today. This gold silver ratio of 70.3 continues to drive silver ‘stackers,’ value investors and those seeking a better return than gold to accumulate silver at what are seen at these still relatively cheap levels. 
This is seen in continuing robust demand for the very popular silver bullion coin this week. The U.S. Mint sold 715,000 of Silver Eagles ( 1 oz) this week, to bring the year to date sales totals for 2017 to a robust - 7,557,500 Silver Eagle coins. 
We have seen very robust demand for silver again this year, especially from clients in the UK and Ireland buying silver bullion coins (now VAT free) such as Silver Eagles. We are seeing even greater demand for Silver Maples and Silver Philharmonics. - Silverseek
US Mint Bullion Coin Sales (Number of coins)
Monday SalesLast WeekFeb SalesMar Sales2017 Sales
Silver Eagles
(1 oz)
715,000220,0001,215,0001,215,0007,557,500
Gold Eagles
(1 oz)
4,0002,50021,00010,000117,500
Gold Buffalos
(1 oz)
1,5002,50015,0004,50051,500

Friday, November 27, 2015

Higher inventories, earlier discounts, and consumers saving rather than spending makes for a bad holiday season

For retailers, the period between Black Friday and the end of the year can sometimes constitute 70% of their yearly revenues.  And at a time when the economy desperately needs a boost, this year is turning out to be not so kind to stores that are already discounting items 10 days before Black Friday is set to begin.
This week, a number of economic data points are forecasting not just a bad holiday shopping season, but a horrendous one.  And with the El Nino keeping Autumn weather rather warm in most parts of the country, the talking heads on Wall Street and at the Fed cannot use the weather as an excuse this time around.
But there is no need for excuses as the primary data is showing three important factors for low turnouts at the stores.

Read more on this article here...

Wednesday, November 25, 2015

Higher inventories, earlier discounts, and consumers saving rather than spending makes for a bad holiday season

For retailers, the period between Black Friday and the end of the year can sometimes constitute 70% of their yearly revenues.  And at a time when the economy desperately needs a boost, this year is turning out to be not so kind to stores that are already discounting items 10 days before Black Friday is set to begin.
This week, a number of economic data points are forecasting not just a bad holiday shopping season, but a horrendous one.  And with the El Nino keeping Autumn weather rather warm in most parts of the country, the talking heads on Wall Street and at the Fed cannot use the weather as an excuse this time around.
But there is no need for excuses as the primary data is showing three important factors for low turnouts at the stores.

Read more on this article here...

Wednesday, September 10, 2014

Paypal to integrate Bitcoin into its global payment system

Contrary to the predictions of many mainstream financiers, the staying power of Bitcoin has lasted much longer than Wall Street estimated when it first started as a rebellious fad, and then grew after the economic collapses in countries like Greece and Cyprus.  And while certain retailers like Target and Overstock have opened their stores to accepting Bitcoin through third party exchanges, the virtual currency hit the jackpot on Sept. 8 as Paypal now plans to integrate Bitcoin into their global payment system.



Read more on this article here...