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   Gold/Mining/EnergyBig Dog's Boom Boom Room


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From: Black Blade6/19/2019 11:57:00 AM
   of 203840
 
Summary of Weekly Petroleum Data for the week ending June 14, 2019
...............................................................................................................................


U.S. crude oil refinery inputs averaged 17.3 million barrels per day during the week ending June 14, 2019, which was 200,000 barrels per day more than the previous week’s average. Refineries operated at 93.9% of their operable capacity last week. Gasoline production increased last week, averaging 10.4 million barrels per day. Distillate fuel production increased last week, averaging 5.4 million barrels per day.

U.S. crude oil imports averaged 7.5 million barrels per day last week, down by 144,000 barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 7.5 million barrels per day, 7.6% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 837,000 barrels per day, and distillate fuel imports averaged 165,000 barrels per day.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.1 million barrels from the previous week. At 482.4 million barrels, U.S. crude oil inventories are about 7% above the five year average for this time of year. Total motor gasoline inventories decreased by 1.7 million barrels last week and are about 1% above the five year average for this time of year. Finished gasoline and blending components inventories both decreased last week. Distillate fuel inventories decreased by 0.6 million barrels last week and are about 5% below the five year average for this time of year. Propane/propylene inventories increased by 3.3 million barrels last week and are about 16% above the five year average for this time of year. Total commercial petroleum inventories decreased last week by 0.4 million barrels last week.

Total products supplied over the last four-week period averaged 20.7 million barrels per day, up by 1.8% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 9.7 million barrels per day, up by 2.0% from the same period last year. Distillate fuel product supplied averaged 4.0 million barrels per day over the past four weeks, up by 0.3% from the same period last year. Jet fuel product supplied was up 5.1% compared with the same four-week period last year.


Black Blade (a.k.a. "Dennis Erectus"):

This week's EIA Petroleum Inventory Status Report is SLIGHTLY BULLISH as crude and Total Commercial Petroleum Inventories declined overall. Refinery utilization remains slightly to over 93% while imports of crude Ddeclined slightly. With the traditional "summer driving season" upon us it appears that the usual transportation fuel demand just isn't developing this year. It could be bother nervous consumers and businesses looking to save and watch to see what develops. One side of the political aisle looks and hopes for economic strength to grow while the other side prays, hopes and wishes that the economy would slip into a deep recession in order to retake the White House. Consumers and Businesses are caught in the cross-fire and just want to get as prepared as possible just in case the worst happens. Meanwhile, it appears that the Trade War with China could be cooling off as both the United States and China lose although the US has made it's case in regard to the theft of intellectual property and other grievances. The most interesting and perhaps the most likely disruption to oil supply is that the sanctions on Iran tighten after a few attacks against global tanker traffic in the Straights of Hormuz. This could escalate as the noose tightens around the Mullahs necks in Tehran and the Iranian people look for change and freedom.

As for the "Blade Portfolio" this week we continued to add ET, OXCL, WPG, WSR, T and VZ to the portfolio this week for income. We also began to add residential REITs like APTS and BRG to the portfolio for both income and growth. We also continue to add physical American Silver Eagles with our "dollar-cost-averaging" strategy. We also added, sold and bought and sold and bought Etherium Classic (ETC), Litecoin (ltc) and Ripple (XRP) adding more gains to our Coinbase and Robinhood accounts.

As always, get out of debt and stay out of debt, accumulate physical Silver and Gold bullion as "portfolio insurance", and stockpile supplies of long term nonperishable foods and basic necessities into storage. After all we do "live in interesting times".

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From: Black Blade6/19/2019 12:07:00 PM
   of 203840
 
WTI Spikes After Bigger Than Expected Crude Draw

.....................................................................................................................................................................

WTI is modestly lower overnight, back below $54, after a 'meh' inventory report from API following the oil market's best day in 5 months. This slide comes despite Saudi Arabia, Iraq, and the U.A.E. all agreeing they want to keep restraining production in a bid to buttress crude amid signs of faltering demand.

As Bloomberg notes, however, investors will focus on refinery consumption and imports for their impact on total supply.

“Historical data indicates another rise in utilization; shipping data indicates imports at best remaining unchanged,” says Thomas Finlon, director of Energy Analytics Group Ltd in Wellington, Florida. “This should result in a drawdown in crude inventories"

API
  • Crude -812k (-1.75mm exp)

  • Cushing +520k (+30k exp)

  • Gasoline +1.46mm (+900k exp)

  • Distillates -50k (+700k exp)

DOE

  • Crude -3.106mm (-1.75mm exp)

  • Cushing +642k (+30k exp)

  • Gasoline -1.692mm (+900k exp)

  • Distillates -551k (+700k exp)

After two weeks of surprisingly large crude builds, expectations (and API confirmed) were for a modest draw but DOE data surprised with the largest crude draw in six weeks...



With the ongoing slide in rig counts, expectations continue to view production levels declining over the next few months and they did for the second week in a row...



On the price action side, WTI broke above its 5-, 8-, and 13-DMAs yesterday, testing towards 21DMA resistance, before it started to fade overnight.



WTI hovered around $53.70 ahead of today's inventory data but spiked to overnight highs after the surprise inventory draw...


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From: isopatch6/19/2019 2:37:34 PM
   of 203840
 
No positions long or short.

<Why Shares of Ensco Rowan plc (ESV) Surged Today

By Peggy Goldman

June 19, 2019

Ensco Rowan plc (NYSE:ESV) is among the top gainers of the stock market today, skyrocketing 2.17% or (0.16 points) to $7.53 from its previous close of $7.37. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 2470438 contracts so far this session. ESV shares had a relatively better volume day versus average trading capacity of 6.57 million shares, but with a 0.2 billion float and a -3.03% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for ESV stock indicates that the average analyst price target is $23.85 per share. This means the stock has a potential increase of 216.73% from where the ESV share price has been trading recently which is between $6.8454 and $7.465.

The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Patterson-UTI (PTEN) Jumps: Stock Rises 7%” and dated June 14, 2019.

During the recent trading session for Ensco Rowan plc (NYSE:ESV), the company witnessed their stock rise $0.33 over a week and tumble down $-2.88 from the price 20 days ago. When compared to their established 52-week high of $38.04, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 09/10/18. The recent low of $6.54 stood for a -80.21% since 06/17/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.22 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for Ensco Rowan plc, the two-week RSI stands at 32.74. This figure suggests that ESV stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current ESV readings is similarly very revealing as it has a stochastic reading of 24.61% at this stage. This figure means that ESV share price today is being overbought.

Technical chart claims that Ensco Rowan plc (ESV) would settle between $7.61/share to $7.85/share level. However, if the stock price goes below the $6.99 mark, then the market for Ensco Rowan plc becomes much weaker. If that happens, the stock price might even plunge as low as $6.61 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.13. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

Analysts at BofA/Merrill, assumed coverage of ESV assigning Underperform rating, according to their opinion released on June 10. RBC Capital Mkts, analysts launched coverage of Ensco Rowan plc (NYSE:ESV) stock with a Outperform recommendation, according to their flash note issued to investors on May 17. Analysts at Morgan Stanley, made their first call for the equity with a Overweight recommendation, according to a research note that dated back to April 16.

ESV equity has an average rating of 2.21, with the figure leaning towards a bullish end. 29 analysts who tracked the company were contacted by Reuters. Amongst them, 10 rated the stock as a hold while the remaining 19 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 18 analysts rated Ensco Rowan plc (NYSE:ESV) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.

Moving on, ESV stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.87 while for the average stock in the same group, the multiple is 2.74. Ensco Rowan plc current P/E ratio of 41.41 means it is trading at a premium against its industry’s 1.8. In the past 5 years, this ratio for the stock has been fluctuating between 3.13 and 12.88.

Ensco Rowan plc (ESV)’s current-quarter revenues are projected to climb by nearly 28.71% to hit $590130, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 32.21% from $1.71 billion to a noteworthy $2.25 billion. At the other end of the current quarter income statement, Ensco Rowan plc is expected to see its adjusted earnings surge by roughly -8.33% to hit $-1.3 per share. For the fiscal year, ESV’s earnings are projected to climb by roughly 3.54% to hit $-5.17 per share.

<It’s understandable why traders are mauling Callon Petroleum Company (CPE)

By Edward Bosworth

June 19, 2019

Callon Petroleum Company (NYSE:CPE) is one of the stocks that are grabbing investor focus today: sinking -3.06% or (-0.2 points) to $6.33 from its previous close of $6.53. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 2344998 contracts so far this session. CPE shares had a relatively better volume day versus average trading capacity of 6.41 million shares, but with a 0.23 billion float and a 3.16% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for CPE stock indicates that the average analyst price target is $11.47 per share. This means the stock has a potential increase of 81.2% from where the CPE share price has been trading recently which is between $6.28 and $6.6308. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $8.

The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Callon Petroleum Company Announces Redemption of 10.00% Series A Cumulative Preferred Stock” and dated June 18, 2019.>

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During the recent trading session for Callon Petroleum Company (NYSE:CPE), the company witnessed their stock rise $0.17 over a week and tumble down $-1.51 from the price 20 days ago. When compared to their established 52-week high of $13.09, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 04/10/18. The recent low of $5.57 stood for a -51.64% since 12/26/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.47 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for Callon Petroleum Company, the two-week RSI stands at 41.14. This figure suggests that CPE stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current CPE readings is similarly very revealing as it has a stochastic reading of 56.08% at this stage. This figure means that CPE share price today is being neutral.

Technical chart claims that Callon Petroleum Company (CPE) would settle between $6.68/share to $6.83/share level. However, if the stock price goes below the $6.33 mark, then the market for Callon Petroleum Company becomes much weaker. If that happens, the stock price might even plunge as low as $6.13 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.13. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

Analysts at Morgan Stanley, assumed coverage of CPE assigning Equal-Weight rating, according to their opinion released on March 21. Imperial Capital analysts again handed out a Outperform recommendation to Callon Petroleum Company (NYSE:CPE) stock but they lifted target price for the shares in a flash note issued to investors on February 13. The target price has been raised from $12 to $15. Analysts at Citigroup released an upgrade from Neutral to Buy for the stock, in a research note that dated back to January 23.

CPE equity has an average rating of 1.85, with the figure leaning towards a bullish end. 27 analysts who tracked the company were contacted by Reuters. Amongst them, 5 rated the stock as a hold while the remaining 22 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 22 analysts rated Callon Petroleum Company (NYSE:CPE) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.

Moving on, CPE stock price is currently trading at 5.61X forward 12-month Consensus EPS estimates, and its P/S ratio is 7.65 while for the average stock in the same group, the multiple is 99.33. Callon Petroleum Company current P/E ratio of 21.88 means it is trading at a premium against its industry’s 14.33. In the past 5 years, this ratio for the stock has been fluctuating between 8.39 and 69.02.

Callon Petroleum Company (CPE)’s current-quarter revenues are projected to climb by nearly 21.79% to hit $166960, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 13.07% from $587620 to a noteworthy $664440. At the other end of the current quarter income statement, Callon Petroleum Company is expected to see its adjusted earnings surge by roughly -8.7% to hit $0.21 per share. For the fiscal year, CPE’s earnings are projected to climb by roughly 0% to hit $0.82 per share.>

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<Superior Energy Services, Inc. (SPN): what caused a melt-up today?

By Peggy Goldman

June 19, 2019

An interesting stock that came up in some of our conversations today is Superior Energy Services, Inc. (NYSE:SPN). At current price of $1.51, the shares have already added 0.05 points (3.77% higher) from its previous close of $1.46. Should you buy or avoid them? The stock sets an active trading volume day with a reported 1173439 contracts so far this session. SPN shares had a relatively better volume day versus average trading capacity of 3.45 million shares, but with a 0.15 billion float and a -10.43% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for SPN stock indicates that the average analyst price target is $4.84 per share. This means the stock has a potential increase of 220.53% from where the SPN share price has been trading recently which is between $1.405 and $1.6. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $2.

The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Is Superior Energy Services, Inc. (SPN) A Good Stock To Buy?” and dated June 18, 2019.

During the recent trading session for Superior Energy Services, Inc. (NYSE:SPN), the company witnessed their stock rise $0.13 over a week and tumble down $-0.82 from the price 20 days ago. When compared to their established 52-week high of $11.14, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 03/10/18. The recent low of $1.23 stood for a -86.4% since 06/17/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.49 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for Superior Energy Services, Inc., the two-week RSI stands at 31. This figure suggests that SPN stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current SPN readings is similarly very revealing as it has a stochastic reading of 30.92% at this stage. This figure means that SPN share price today is being neutral.

Technical chart claims that Superior Energy Services, Inc. (SPN) would settle between $1.57/share to $1.68/share level. However, if the stock price goes below the $1.38 mark, then the market for Superior Energy Services, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $1.29 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.02. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

Analysts at JP Morgan raised their recommendation on shares of SPN from Underweight to Neutral in their opinion released on June 04. Barclays analysts have lowered their rating of Superior Energy Services, Inc. (NYSE:SPN) stock from Equal Weight to Underweight in a separate flash note issued to investors on May 20. Analysts at Gabelli & Co lowered the stock to a Hold call from its previous Buy recommendation, in a research note that dated back to April 25.

SPN equity has an average rating of 2.78, with the figure leaning towards a bullish end. 23 analysts who tracked the company were contacted by Reuters. Amongst them, 14 rated the stock as a hold while the remaining 9 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 6 analysts rated Superior Energy Services, Inc. (NYSE:SPN) as a buy or a strong buy while 3 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.

Moving on, SPN stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.99 while for the average stock in the same group, the multiple is 2.28.

Superior Energy Services, Inc. (SPN)’s current-quarter revenues are projected to climb by nearly -12.52% to hit $468490, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over -9.79% from $2.13 billion to a noteworthy $1.92 billion. At the other end of the current quarter income statement, Superior Energy Services, Inc. is expected to see its adjusted earnings surge by roughly -37.5% to hit $-0.22 per share. For the fiscal year, SPN’s earnings are projected to climb by roughly 6.67% to hit $-0.84 per share.>

findanews.com

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To: Black Blade who wrote (199307)6/19/2019 4:43:14 PM
From: diegosan
   of 203840
 
BB, Where does one buy American Silver Eagles or gold? What can one expect to pay relative to published prices?
Regarding gold, are Maple Leafs appropriate?
TIA

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To: diegosan who wrote (199310)6/19/2019 5:08:30 PM
From: Elroy Jetson
   of 203840
 
Don't most petrol stations do a side business selling gold coins, Pepsi and Tostitos?

I think it's fair to say they'll sell anything with a large mark-up to supplement the smaller margins on fuel sales.

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To: isopatch who wrote (199309)6/19/2019 6:16:29 PM
From: JimisJim
1 Recommendation   of 203840
 
ESV was one of my favorite customers I worked with when I was at VRC/NOV... very good management team and they'd successfully become a legit DGI play for LT investors... and then came 2014/2015. We were just talking about ESV, RIG and even DO (remember them?) over at the divvy investing for retirement board the past week.

Not that it matters (as in just because I'm not familiar with them, they can't be all that good, and I've never heard much about CPE over the years, good or bad... I just rarely crossed paths with them and know less than zero about them.

I'm not sure what to make of SPN... but I plead ignorance when it comes to the onshore E&Ps... I just never spent much time with land operations at all -- maybe 5% of my time annually.

When NOI bought out VRC, a lot of engineers I worked with ended up at PTEN... just going by the experience and brains of the ones who ended up there, I'd have to predict they are quite good at what they do.

Interesting reads and I'm slowly catching up on land operators.

Thx for posting that and contributing to my edu ma cation...

Jim

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To: JimisJim who wrote (199312)6/19/2019 6:42:18 PM
From: isopatch
   of 203840
 
Thanks Jim. Between the two of us, we cover a lot the industry. Never been on an offshore platform. But am very thankful for the guidance, advice and active mentoring from onshore operators, geologists, engineers, and service people at all levels since the mid 1980s.

PTEN the big dawg drilling two nearby horizontal wells, AWA others in WV this Summer. Eye opening, for sure to see who made the cut into their starting lineup of associate and support contractors from all over their nationwide network.

A Superior subsidiary, and Stingray (closely associated with, and often directly supervised by, Baker Hughes managers on location R just 2 of a long list of subcontractor trucks of all sizes roaring by for months. 2nd well pad waiting on available to drill laterals into Marcellus and Utica shales. Til that work is done? Frac crews and equipment were redirected and rigged, up a few days ago, on 3rd PTEN drilled well. It's in Jane Leu, about 45 miles ENE of us Company rep told me that one has SIX laterals.

Two 400-600 acre Antero lease blocks which each include some of my mineral acreage, are about 10 to 14 miles due east. Expire in 11 months. Have no idea how many laterals they're contemplating. Of course, nothing is certain until they get into the formation and see if it's well consolidated or prone to caving.

Iso

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To: diegosan who wrote (199310)6/19/2019 7:05:30 PM
From: JimisJim
   of 203840
 
I inherited a lot of silver and gold eagles of all sizes from 1/10 oz up to 1 full oz -- silver eagles tend to only come in 1 oz size.

You can buy them almost everywhere, including the US Mint (my father subscribed to get 3 of every gold and silver product the mint was selling).

There's a bit of a premium over spot price for U.S. gold and silver eagles because they have U.S. name on them. They are terrible investments for long stretches of time, then they catch fire.

A much better way to go is with the pre-1932 gold coins -- they command large premiums because they have significant numismatic value, whereas the eagles are essentially just bullion with official U.S. govt backing them up. Instead of eagles, one would be better off (better prices, lower premium when buying) just buying rounds or bars of various sizes from one of several major private mints -- per bullion coin premium is lower than eagles and unless your silver eagles grade/slab at least MS-68 or better, they're just pieces of metal and not collectible, nor have much premium attached to them.

The best way to acquire eagles (gold or silver) is to inherit them. Or buy directly from the mint and especially with the silver eagles, get the BU (brilliant uncirculated). They give the most bang for the buck and the metal prices have to really go up before you get any appreciable premium for the silver eagles. The 24K gold buffalo coins are a slightly better value, but forget collecting them like traditional coins -- they scratch just looking at them they are so soft.

I cherry picked BU and proof silver eagles from Dad, one from each mint for 30 some years; all proofs, but when I sent a few to be graded and slabbed the grades were all over the map. A collection like that where they all grade out at 70 (perfect), is worth about $10K, but that same collection averaging grades of 68? worth exactly the same as if you were selling/buying individual coins, a bit above $2,000 I think when I checked a couple or three years ago when I inherited 1/3 of Dad's stash -- and silver was above $16/oz at the time... much lower now.

It got to the point I started selling almost all of the silver coins, period... my most valuable silver coin was a commemorative made by the mint on the 75th anniversary of a Civil War battle and the only coins ever that had both Lee and Grant on them. It was a 1/2 oz 90% silver coin in AU condition making it worth about twice the going spot price for gold, not silver. 98% of commemorative coins never appreciate more than the bullion itself and in fact, some dealers won't touch them because there's no demand -- or as one guy told me, there is demand for a short while for the latest, most recent commems, but the mint makes 2-4 different commems every year. Then the next year, the value of the previous year's commems goes down as does demand for them. Even gold commems are not ideal -- you will get at least spot price on those most of the time.

Apmex (an online buyer and seller of all manner of coins foreign and domestic) is a decent starting point to get a feel for the gold and silver eagles, and they buy and sell other types of coins, too... they are on the up and up for the most part and offer lower premiums for buying in quantity, but not if you sell to them. They also have minimum amounts before they'll even talk to you... as I recall they wouldn't touch any buy or sell for less than $10K for some products and $1k for others. They are a good source of buying actual U.S. pre-1964 silver coins (90% silver), again, mostly because the US brand on coins is worth at least a little premium.

In most cases, when you buy, expect to pay $1-$2 per oz for BU or better silver eagles, but when you sell, you'll only get current spot price. Same issue with gold, but the premiums are larger both buying and selling. I know a retired dealer who explained they have to try to maintain a certain level of stock to sell, but to make a profit, coins like silver commems only bring spot price MINUS a premium to spot regardless of grade/quality.

He also tells me there just isn't much demand for bullion coins any more 10-20 years ago they were sort of a novelty and one could make money buying/selling them... but the last 10 years, there just hasn't been any demand for anything but gold or silver numismatic coins that are worth more to certain types of collectors than plain old eagles.

Maple Leafs are essentially the same as eagles in almost every respect, except (not sure if this is true or not) they sometimes sold 1, 2, 5, 10 oz silver maple leafs which were interesting.

And to top it all off, you gotta store these things -- completely safe storage costs money and slowly drains value from them.

After inheriting all those silver eagles, they came in nice little display boxes and made good gifts to young folk for birthdays and Christmas, but other than that -- I got rid of almost all the silver eagles. I kept the gold eagles because they come in 1/10oz; 1/4oz; 1/2 oz and 1oz and the gold eagles always fare better than the silver. Same situation with Canadian, Mexican, Australian, South African, etc. -- they are all about the same, just come in different sizes/weights.

They do make good/fun stocking stuffers for younger folks, but as an investment? Not so hot unless they have numismatic value, too, which excludes about 98% of the eagles pumped out by the mint. Otherwise you pay (and receive) smaller premiums for true bullion products like rounds or bars of various weights -- and 3 or 4 private mints hold their own price-wise with US eagles or the maple leafs, etc.

The one thing I did like about the 1/10 and 1/4 oz gold eagles is you could turn them into very nice necklaces -- everyone sells little "adaptors" so you can put them on a chain -- but if you do that with say 1/10 oz eagles, the chain -- if it's any good and fairly high purity gold themselves, the chain can be worth more than the coins. But both my wife and my daughter really like their 1/10 oz coins, in pendant adaptors and put on chains of at least 18K gold or better.

FWIW, the US mint also sells platinum and palladium bullion coins as well, but what's the point -- they look exactly like the much much cheaper silver eagles.

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To: isopatch who wrote (199313)6/19/2019 7:10:09 PM
From: JimisJim
   of 203840
 
If all that heavy (literally heavy as in weighs a lot) truck traffic continues at this pace, W. VA is going to have to have several infrastructure weeks a year to keep the roads good. Asphalt roadways are like glass in that if what's underneath them compacts, creating space between the underlying bed and the asphalt itself, or if it washes out from beneath the asphalt surface, you get pot holes or worse -- imagine that weight driving over a road made out of actual glass and you get the idea.

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To: JimisJim who wrote (199315)6/19/2019 8:54:47 PM
From: isopatch
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Spot on. In fact, State & County road crews already have the pot holes, including several pretty big ones, filled and rolled. Pretty quiet this week.

Just came in from feeding Margaret the deer in the back yard. Local hardware store stocks feed mixes specifically formulated for Deer, Horses, Cattle, Sheep, etc. People don't want to hunt and eat venison of diseased Deer.

Iso

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