I'm surprised APMex isn't Selling out of Physical

[gunDriller]

given the recent revelations about fraud in the gold markets, i would expect a general rush to obtain physical.

i certainly notice that instinct in me. all of sudden the prospect of paying $1130 an ounce is more appealing.

the thing i don't get is - why isn't the extreme buying activity one would expect in this situation starting now ?

one of the first signs of a market being under-priced is that shortages appear. yet, the only signs of oddness i see at APMex is that they didn't lower their prices from $1130 as gold markets downticked to $1120 in the process of closing for the holiday weekend.

given that we have just been informed effectively that the markets are massively under-priced via the various mechanisms of paper gold and all those games - like i said, i'm surprised people are waiting till Monday morning to "let the Games begin."

doesn't APMex deliver to China ? Ok well that may not be accurate, since many of the revelations were about London metal markets.

still, as people buy gold this weekend, APMex is making contracts to deliver at $1130 in 3 weeks. i wouldn't make that contract, even if i could hedge it with some financial instrument.

[Mister_Pennyweather]

given the recent revelations about fraud in the gold markets, i would expect a general rush to obtain physical.

i certainly notice that instinct in me. all of sudden the prospect of paying $1130 an ounce is more appealing.

the thing i don't get is - why isn't the extreme buying activity one would expect in this situation starting now ?

one of the first signs of a market being under-priced is that shortages appear. yet, the only signs of oddness i see at APMex is that they didn't lower their prices from $1130 as gold markets downticked to $1120 in the process of closing for the holiday weekend.

given that we have just been informed effectively that the markets are massively under-priced via the various mechanisms of paper gold and all those games - like i said, i'm surprised people are waiting till Monday morning to "let the Games begin."

doesn't APMex deliver to China ? Ok well that may not be accurate, since many of the revelations were about London metal markets.

still, as people buy gold this weekend, APMex is making contracts to deliver at $1130 in 3 weeks. i wouldn't make that contract, even if i could hedge it with some financial instrument.


Everyone is too busy buying silver.

[RUNFORTHEHILLS]

Be patient ole friend....

watch the premium like last summer...

My unimformed HO is that soon with the CTFC revelations that TPTB in the TIGERS
will soon put a forecourt RUSH (or is that four court like manpower on the basketball team?) on the physical while threating to play EXPOS"E" with the four 400 ounce Clinton TUNGSTEN bars they got in the last panic delivery!

[RUNFORTHEHILLS]

In the meantime keep dancing...


http://images.google.com/imgres?imgurl=http://www.ahajokes.com/cartoon/ballet.jpg&imgrefurl=http://www.ahajokes.com/crt191.html&usg=__
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(Cut and paste link. Long link is messing up formatting).

[gunDriller]

a lot of people have holidays today Monday - the foreign markets at Bloomberg are all dormant -

http://www.bloomberg.com/markets/stocks/wei.html

http://www.bloomberg.com/markets/stocks/wei_region3.html

my guess is, a lot of finance industry people that are involved in the metals markets are drinking today.

the instinctive feeling that i have had since about 2002 is that the US dollar is destined to devalue. because of the deficits, because of the dependence of the markets on the steady increase in real estate prices - which obviously couldn't go up forever.

and now, what is supporting the economy ?

http://market-ticker.denninger.net/uploads/2010/Apr/Real-GDP.serendipityThumb.png

el gobierno - the government.

this plus the recent revelations, the CFTC & Andrew Maguire interviews, basically verifies a gut feeling that i've had for about 8 years.

my guess is the same for a lot of us - we looked at the situation, realized it was hokey to say the least, and understood the value of PM's.

because of the interviews, i have to conclude that gold is a good value at
$1130
$1140
$1240

and maybe even, $2240 (US$, that is).

i would like to hear more about the attack on Andrew Maguire, where someone bashed their car - with him and his wife in it.

i think the closure of GIM is a direct and proximate result of the US government and the criminal Jews' (as opposed to the non-criminal Jews) attempt to slow down the spread of the various CFTC interviews.

therefore, i shall link to a bunch of them.

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/3/30_Andrew_Maguire_&_Adrian_Douglass_files/Andrew%20Maguire%203%3A30%3A2010.mp3

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/3/31_GATA_files/GATA%203%3A31%3A2010.mp3


stuff @ Zero Hedge
http://www.zerohedge.com/article/former-goldman-commodities-research-analyst-confirms-lmba-otc-gold-market-paper-gold-ponzi

http://www.zerohedge.com/article/whistleblower-exposes-jp-morgans-silver-manipulation-scheme


DBS & Rafeeq interview GATA founder Bill Murphy.
http://www.iamthewitness.com/audio/Bill.Murphy/TFC.SMITH.RAFEEQ.BILL.MURPHY.GATA%2003-04-2010.mp3


it sure is interesting to watch history being made !

[gunDriller]

GD, Karma is given


thanks !

sometimes i look and there's no thanks button even though i'm logged in.

the thing that someone said was about China doing due diligence to determine if the JPMorgan & HSBC short positions are naked shorts.

when I say China I am basically referring to investors with LOTS of dollars who want to trade in their dollars.

to be honest, i am not sure of all the transaction details of a naked short.

but i think what it will involve, in addition to economic intelligence gathering (aka spying), is testing the markets through various buying & selling tests.

and we will see signs of those tests. then, if they determine it is a naked short position, we will see signs of that too.

i wonder if the US government will end up announcing a bail out or other aid for JP Morgan.

[1970 Silver Art]

If there was a sharp drop in the spot gold and silver prices, then APMEX would probably sell out of physical gold and silver. APMEX seems to sell out of physical when the spot prices drop sharply.

[chad]

i do the enter 9999 for quantity thing a lot on apmex's site. silver used to return high thousands, now it returns hundreds. gold bars used to be in the hundreds, now it's teens. they are selling out. name brand fractional bars hardly even stay up anymore. i bought a 2 gram engel the other day. they had 67 of them when i started checking out, by the time i completed my shopping cart, 3 were left. they were all gone about 10 minutes later.

[uranian]

they're out of around 5 of the top 40 (http://www.apmex.com/APMEXTop40/Default.aspx) sellers. i've seen nothing in the news about shortages, but it's a reasonable expectation as people slowly wake to the fact that their paper gold is leveraged 100s:1 the real product. hedge fund greenlight capital moved approaching half a million ozt of gold out of the GLD ETF last summer into physical bullion (http://www.streetinsider.com/Insiders+Blog/Einhorns+Greenlight+Capital+Moves+Gold+Holdings+In to+Bullion+From+ETFs+(GLD)/4794200.html)...only takes one or 2 others of the same size to do this to crash the paper ponzi gold scheme, i'd imagine.

[Sparky]

You've got it backwards. They're sold out of physical when the price dives.

[JohnQPublic]

I started an index, here.

GSUS-APMEX Precious Metals Retail Supply Index (http://gold-silver.us/forum/gold-silver-precious-metals/apmex-precious-metals-retail-supply-index/)

Feel free to update it. I did something similar on Kitco (https://www.kitcomm.com/showthread.php?t=45164&highlight=Apmex) and they kind of freaked out.

[1970 Silver Art]

I started an index, here.

GSUS-APMEX Precious Metals Retail Supply Index (http://gold-silver.us/forum/gold-silver-precious-metals/apmex-precious-metals-retail-supply-index/)

Feel free to update it. I did something similar on Kitco (https://www.kitcomm.com/showthread.php?t=45164&highlight=Apmex) and they kind of freaked out.


I could be wrong on this but I am guessing that Kitco did not like people directly (or indirectly) mentioning its competitors on its own forum. I also think that Kitco freaked out when ebay was mentioned on the Kitco forum. It has been such a long time since I last posted on Kitco that I really do not know what is going on over there.

[Kali]

More people are selling right now I would think.

I'll be unloading some silver once it hits $25.

[JohnQPublic]

More people are selling right now I would think.

I'll be unloading some silver once it hits $25.




It is all the sellers that will moderate the rise.