All wholesalers in U.S. Sold out of SILVER!!!!!

[Large Sarge]

http://networkedblogs.com/KjrG9

[joboo]

If I was selling silver, and I sensed these low prices were manipulated, and soon to go back up, I would probably be "out" of silver as well.

[sirgonzo420]

When the "spot price" drops too much at once, dealers pull their inventory.

They don't sell at a loss.

[ximmy]

When the "spot price" drops too much at once, dealers pull their inventory.

They don't sell at a loss.

Provident is selling gold... at around spot plus 200

[Twisted Titan]

When the "spot price" drops too much at once, dealers pull their inventory.

They don't sell at a loss.


Or they wont be in business for long.

[ghost]

APMEX is selling ASE's for about $7 over spot Morgans are about $10 over, that is the price for silver, not the price for paper. These would be retail prices.

[willie pete]

When the "spot price" drops too much at once, dealers pull their inventory.

They don't sell at a loss.

Yep.....I've only seen this about a thousand times before.....::) ::)

[mick silver]

Stock Markets Up, Gold Down – Is Something Wrong With This Picture?

[Spectrism]

Beans, guns, bullets, gold.

Hmmmm.... guess what becomes impossible to get next.

[LuckyStrike]

When the "spot price" drops too much at once, dealers pull their inventory.

They don't sell at a loss.

I was under the impression dealers hedged their physical inventories and just made money on the premiums?

[sirgonzo420]

I was under the impression dealers hedged their physical inventories and just made money on the premiums?

I would say that this is true of most of the big dealers.

But it has been my experience that "mom-and-pop" type coinshops will suddenly be "completely out" of silver after a considerable drop. Perhaps for some dealers it is more profitable to be "sold out" than to turn off good customers with high premiums.