{"id":51715,"date":"2020-03-10T10:33:14","date_gmt":"2020-03-10T15:33:14","guid":{"rendered":"https:\/\/olduvai.ca\/?p=51715"},"modified":"2020-03-10T10:33:21","modified_gmt":"2020-03-10T15:33:21","slug":"market-mayhem-silver-eagle-sales-surge-while-u-s-shale-energy-stocks-get-crushed","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=51715","title":{"rendered":"MARKET MAYHEM: Silver Eagle Sales Surge While U.S. Shale Energy Stocks Get Crushed"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/srsroccoreport.com\/market-mayhem-silver-eagle-sales-surge-while-u-s-shale-energy-stocks-get-crushed\/\">MARKET MAYHEM: Silver Eagle Sales Surge While U.S. Shale Energy Stocks Get Crushed<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Black Monday hit Wall Street in a BIG BLOODY WAY today.&nbsp; With oil being the main driver of the economy, U.S shale stocks lost nearly half of their value\u2026 IN ONE SINGLE DAY.&nbsp; That\u2019s correct, the average decline from eight of the top U.S. shale companies saw their stock prices decimated by 48%.&nbsp; While the energy stocks lost almost 50% of their value today, the precious metals held up rather nicely.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gold closed up about 0.4%, while silver declined 1.9%.&nbsp; Of course, not all precious metals investors are happy with the silver price action.&nbsp; I see some people complaining that silver is selling off with the markets, and it isn\u2019t a good investment.&nbsp; I wouldn\u2019t be so pessimistic on silver because it takes time for the fundamentals to kick in.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>For example, the U.S. Mint sold another 670,000 Silver Eagles over the past three days since it published its last update showing 675,000 sold.<\/strong>&nbsp;So, the total as of March 9th is 1,345,000 Silver Eagles sold versus 650,000 for February:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/d39ua1j16brbz0.cloudfront.net\/wp-content\/uploads\/2020\/03\/Silver-Eagle-Sales-FEB-vs-MAR-09-2020.png\" alt=\"\" class=\"wp-image-21579\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>It\u2019s been quite a long time since the U.S. Mint sold 1.3 million Silver Eagles in the first week in a month.<\/strong>&nbsp;Thus, this provides an indicator that precious metals investors are concerned with the Global Contagion and are once again buying Silver Eagles in larger volumes.&nbsp; While this increased buying won\u2019t impact the silver price currently, it shows us that investors have ramped up physical silver bullion purchases to protect wealth during a time of extreme market mayhem.&nbsp; And I believe, the worst is yet to come.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Shale Oil &amp; Gas Stocks Destroyed On Bloody Monday<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MARKET MAYHEM: Silver Eagle Sales Surge While U.S. Shale Energy Stocks Get Crushed Black Monday hit Wall Street in a BIG BLOODY WAY today.&nbsp; With oil being the main driver of the economy, U.S shale stocks lost nearly half of their value\u2026 IN ONE SINGLE DAY.&nbsp; That\u2019s correct, the average decline from eight of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[647,29201,12073,29162,860],"class_list":["post-51715","post","type-post","status-publish","format-standard","hentry","category-economics","tag-precious-metals","tag-shale-energy","tag-srsrocco-report","tag-us-silver-eagles","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51715"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51715\/revisions"}],"predecessor-version":[{"id":51716,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51715\/revisions\/51716"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}