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Last week the U.S. Mint announced that it had run out of its initial production of 2013 Silver Eagles and that new shipments would not be available until late January. At that point, sales are expected to be resumed under an allocation process. The Mint has used an allocation process to ration available supplies amongst their primary distributors in the past, as opposed to allowing the distributors to buy as many as they want or need . . . .

Sterling silver jewelry sales continued their strong performance during the recent Holiday Season, according to industry observers and early retail sales surveys. Retailers across the country reported . . . .

Late yesterday, the United States Mint informed authorized purchasers that the 2013 American Silver Eagle bullion coins had temporarily sold out. This comes only ten days after the coins were initially made available for ordering and following a three week period of unavailability due to the early sell out of the 2012-dated coins.

Sales of the 2013 Silver Eagle bullion coins will remain suspended until the Mint can build up an inventory of the coins . . . .

If Gold is able to firm up here and now then it has a good shot to rally back to $1750-$1800 over the next few months. If we get the bullish scenario and a fundamental catalyst shift then expect Gold to break past $1800 in Q3. That would mean that Gold consolidated for two years which would be its longest consolidation on record. The longer the consolidation, the more explosive the breakout . . . .

Gold is unique among commodities in that the annual production is not consumed in the conventional sense, other than ~15% that is used in industry. Instead, gold is and has been used as jewelry, money, and to store wealth for thousands of years.

The following are the reasons that the price of gold will rise in the immediate future as demand increases and supplies diminish . . . .

Gold will climb as much as 14 percent this year and average $1,753 an ounce after posting its longest winning streak in at least nine decades, a London Bullion Market Association poll of traders and analysts showed . . . .

International banks received a new year fillip when regulators announced that the first ever global liquidity standards would be less onerous than expected and not be fully enforced until 2019, four years later than expected.

Aimed at preventing a repeat of the 2008 bank collapses, the “liquidity coverage ratio” (LCR) announced on Sunday marks the first time that global regulators have sought to require individual banks to hold enough cash and easy-to-sell assets to allow them to survive a short-term market crisis. . . .

A good detective always looks for a motive when beginning an investigation. And so, when Nick Colas discovered that the number of $100 bills printed last year suddenly spiked, the chief market strategist at ConvergEx Group decided to figure out what was going on . . . .

Brazil boosted gold reserves for a third month in November to double the country’s holdings since August as central banks from Russia to Belarus and South Korea add the metal to diversify their assets . . . .

(FORBES) - Gold has divided the analyst community through this volatile 2012, with some, like Goldman Sachs, calling for the end of its decade-long rally, while others expect it to average $2,000 an ounce by the end of next year.  There’s one thesis that has built consensus, though: gold is set to rally in the first half of the year as a result of the Fed’s latest round of quantitative easing, possibly to fresh all-time highs . . . .