The current overall U.S. price index continues to decline, falling $5 short of last month’s numbers and $9 short of the year-to-date average. July was the complete opposite of the previous month. Both Mid-Grade and Schwag saw a sharp decline, down $17 and $9, respectively. The Top-Shelf grade was the only positive, gaining back the ground that it had lost in June.
Wow, so many states vying for the top spot as Arkansas, Georgia, North Carolina, and New York are all reporting $400 ounces. Meanwhile Tennessee holds it down for the second month in a row with the cheapest reported prices in the U.S.