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2017 Palladium Eagle Release Date

Daily Gold & Silver Market Report – 09/19/2017

Numismatic News reports the U.S. Mint will officially release the Palladium American Eagle bullion coins to Authorized Purchasers September 25. And while no mintage for this coin has been released, the mint insists once it’s gone, it’s gone, implying the 2017 Palladium Eagles will be scarce. Reporter Dave Harper says, “If you want the first year of issue, this bullion coin is it.”

Are Silver Prices Being Manipulated?

Silver spot prices have yet to recover over the $20 per ounce barrier since August 2014. Many market watchers have concerns if the price of Silver is possibly being manipulated or maybe some investors are turning toward other assets such as Bitcoin. Although this does prove an obvious change within the attitudes of investors, SeekingAlpha Research Analysts said, “The reality is somewhat different with market manipulation being among the most likely reasons for Silver’s extreme volatility and prolonged slump.” Could this be due to the amount of paper Silver available? Bloomberg published an article in 2014 that says the paper Silver market was valued at $5 trillion, which is 250 times the value of physical Silver bullion. Thus, many investors feel the tremendous volume of paper Silver is artificially overpowering the price of Silver, leaving it disconnected from the realities of supply and demand.

The Price of Gold Turns Positive

Mixed U.S. economic data added weight to the U.S. dollar and investors eyed the conclusion of the Federal Reserve's monthly policy meeting Thursday, both of which helped Gold prices turn to positive numbers Tuesday morning. As Investing.com reports, “The U.S. central bank could give indications on when it plans to begin unwinding its balance sheet, as well as on any future interest rate decisions. Gold prices were limited as tensions between the U.S. and North Korea remained quiet, although tensions could resume at any given moment. With that being said, President Donald Trump is scheduled to address the United Nations General Assembly Tuesday in regards to many topics, including Pyongyang.

At 12:19 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,311.20 Up $1.40
  • Silver, $17.34 Up $0.16
  • Platinum, $951.70 Down $10.40
  • Palladium, $919.60 Down $17.80

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Disclaimer:
APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies.

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