iShares Silver Trust (SLV)

[Extreme4Reality]

US Mint Sold 6 Million Fewer Eagles in 2012

Dealers are still flooded in 2012 silver eagles even though the US Mint cut production because of falling demand (check Apmex). The US Mint produced and sold 6 million fewer eagles in 2012, than in 2011. Yet many dealers are still drowning in excess 2012 eagles.

With 2013 eagles being produced while dealers are still swimming in 2012 eagles, there is going to be a MASSIVE oversupply of eagles, with not enough buyers. Especially since so many folks are also dumping their eagles on ebay.

The market has become saturated in eagles.

Prices are expected to crash very hard.