Gold didn’t do a lot yesterday. The early morning Far East ‘top’ (such as it was) occurred at the Sydney close, and then it got sold off a little over $10…with the ‘bottom’ (such as it was) coming at the London a.m. fix for a change…and the N.Y. ‘top’ (such as it was) occurring at the London p.m. fix. It was another typical day, but with very subdued price action. This is not entirely surprising since the boyz put the jack boots to it at the Comex open on Monday.

Last Thursday, we reported that high demand prompted the U.S. Mint to stop selling popular one-ounce 22-karat American Eagle bullion coins to dealers as they scramble to build the inventory back up.

Launched in 1986, the American eagle bullion program is a popular way for investors to buy gold and silver coins.

Eric Roseman in The Sovereign Society says collecting and investing in bullion has morphed into an outright bonanza for coin dealers this decade. Now, many gold bugs say the U.S. government is behind Mint’s decision to stop selling Eagle bullion coins.