Gold & Silver Reached New 2022 Highs Then Tested Support

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	US Consumer Prices Are Rising At Their Fastest Pace In Over 40 Years
	With the Biden administration already setting the narrative yesterday that today's inflation print could be 'high' . . . . Tyler Durden
	Russia Drops Gold Tax
	Moscow has imposed restrictions on the purchase of some foreign currencies, including the US dollar and the euro . . . . Neha
	Gold Briefly Taps Highs Above $2,000 As Russia Intensifies Military Strikes In Ukraine
	Gold briefly surged above $2,000 an ounce on Monday to its highest prices since August 2020 . . . . Myra P. Saefong , Mark DeCambre
	Silver Markets Have A Volatile Session To Kick Off The Week
	Silver markets have gone back and forth during the trading session on Monday after gapping higher . . . . Christopher Lewis

Last week we saw President Biden ban Russian gas and oil, and the price of precious metals exploded higher. Gold briefly moved above the 2020 all-time high of $2,071 per ounce. Plus, February U.S. inflation numbers were released, showing a 7.9% increase, a 40-year high, which helped the Gold price move higher. Gold closed on Friday at $1,985, up $19 for the week.

A number of large financial institutions are becoming bullish on the short and long term outlook for the price of Gold. Jeff Currie, the global head of commodities research for Goldman Sachs, said Gold demand is the strongest he has ever seen and his target is now $2,500.

The war between Russia and Ukraine continues to create new sanctions on Russia and drive prices for many commodities higher. The outlook for inflation in the near term is much higher.

Today: This morning, the price of crude oil led the commodity markets lower. Gold also reacted to a spike up in the 10-year Treasury market (over 2.10%), ahead of an expected raise in interest rates by the Federal Reserve this coming Wednesday.

Silver reached a 2022 high of $27.45 last Tuesday, and spent most of last week in the $26 trading range. As the price moved higher last week, the demand for many of the popular physical investment coins grew, so premiums moved higher.

Today: This morning Silver moved lower with Gold, reaching and testing the key $25 per ounce support level. With Silver in the $25 area, I expect to see increased demand for physical Silver investment products.

On Thursday March 17th, the U.S. Mint will be releasing the 2022 Proof Gold Eagles. This is now with the new reverse design released in the 2nd half of 2021. Considering all of the continuing difficulties the U.S. Mint has endured through the pandemic and the lingering affects with supplies/production, we expect the coin to be in limited supplies. Given all of the issues regarding the U.S. Mint delays in shipping, we know we will be able to offer the coins, but in limited quantities.

Based on this limited information and us confirming our allocations with the U.S. Mint, we will be able to offer them for Pre-Sale with our Exclusive Lowest Price Guarantee (details will be explained in our Pre-Order Email), which should be sent out within a week or two. We will accept Pre-Order as soon as we’re able to secure product and offer pricing. We expect to have at least the following options available for pre-order in both 4pc Sets and 1oz Coins.

1. Ungraded in Original Mint Packaging (w/ a Bonus Silver Eagle included Free)
2. PCGS PR70DCAM First Strike, First Day of Issue, and Advanced Release (w/ Our Exclusive Lowest Price Guarantee!)
3. NGC PF70UCAM Early Release & First Day of Issue (w/ Our Exclusive Lowest Price Guarantee!)

Please email us with the coin you wish to pre-order. When available, just email David ([email protected]) or the Wholesale Trading department ([email protected]) with your request.

We need to know if you prefer 1oz and/or 4pc Set. Either ungraded, PCGS (First Strike, First Day of Issue, or Advanced Release), or NGC (Early Release, First Release, or First Day of Issue). Thank you.