U.S. Mint Gold American Eagle Coin Sales Quicken This Month

Forget quicken, gold coins sales will go ballistic once “Three Taps and Out” completes faster than expected. The signs of secular bull market remain clear and obvious, yet despite them emotions of greed and fear rule the short-term.

The U.S. Mint sold 62,000 ounces of American Eagle gold coins in the first week of May, heading for the highest monthly amount since March 1999.

This month’s sales are already 57 percent of the total in April, according to the mint’s website. May sales would be about 240,250 ounces if the current pace continues. The mint sold 231,500 ounces of the coins in December 2009 and 269,000 ounces in March 1999, its website showed.

Source: bloomberg.com