They have 1500 or so 100 oz. bars today. I wonder if it was a glitch?
They have 1500 or so 100 oz. bars today. I wonder if it was a glitch?
"What Difference, at this time, does it make?"
"What is 'is'?"
"Because you'd be in jail"
JQP:Originally Posted by JohnQPublic
You seem to be a student of silver supplies. What is your take on the present situation with physical silver? We see rapidly declining silver at the COMEX. Is there an ongoing silver deficit? The extrapolation of COMEX silver decline suggest silver hitting zero sometime in 2102. You're thoughts?
Tricks and treachery are the practice of fools, that don't have brains enough to be honest. -Benjamin Franklin
Sincerity makes the very least person to be of more value than the most talented hypocrite. -Charles Spurgeon
it is better to sell at lower profits than to have no sales income...Originally Posted by JohnQPublic
Those were Osama's bars, who you kiddin?Originally Posted by ximmy
Donald J. Trump IS our very first Black U.S. President
mamboni:Originally Posted by mamboni
I don't have a real good explanation for it. I have been watching just like all of you. I have been hearing about a correction for a few weeks, and considering the rise was turning exponential, I am not surprised. The 4 margin hikes from COMEX, and the added hike by some dealers, plus the coming one for Monday are part of the equation for sure. The "professional" paper players all say that the margin hikes are a reaction to the volatility (the exchanges are protecting themselves). This makes some sense in that if a bunch of longs/shorts start defaulting on margin calls, worse troubles could start.
I see this as an opportunity for JPMorgan to cover at much lower prices. The more conspiritorial side of me sees this as a possibility. I have always suspected that JPM could have some long hedges, which maybe they conveniently sold high. In any case, they could still be in a lot of trouble.
The declining volumes certainly support Harvey's contention that this is a bifurcation between paper and physical prices.
Personally, I suspect this is more a buying opportunity than a collapse, but I could be wrong. I just do not see anything in the fundamentals improving.
"What Difference, at this time, does it make?"
"What is 'is'?"
"Because you'd be in jail"
Premiums on ASEs at 19.7%. Pretty high. They are buying at over spot.
Plenty of 100 ozt. bars (> 1000).
"What Difference, at this time, does it make?"
"What is 'is'?"
"Because you'd be in jail"
Just checked APMEX. Silver and gold are currently way down ($1644.50, $30.82). Silver premiums are 18.2%, gold are 6.7%. Not the highest ever seen during this thread (at least for silver), but certainly elevated.
378 @ 100 ozt. silver bars in stock at APMEX (8:55 AM PST, 15APR2013). Let's keep an eye on them.
363 9:18, rate = 39.1 @ 100 ozt bars sold per hour. They have a 9.3 hour supply at this rate. (prices are ok, ~$3 over spot).
231 @ 100 ozt., 1:16 PM PST, rate = 33.7 100 ozt. bars sold per hour. 6.8 hours supply left at this rate.
151 @ 100 ozt., 1:52 WOW BUYING SPREE! (Or APMEX is not updating correctly); rate = 45.9 100 ozt. bars per hour, 3.3 hours supply left.
132 @ 100 ozt., 2:09 GOING BONKERS AT APMEX!; rate = 47.0 @ 100 ozt bars sold per hour. They have a 2.8 hour supply at this rate.
106 @ 100 ozt., 2:31, rate = 48.6 @ 100 ozt bars sold per hour. They have a 2.2 hour supply at this rate.
138 @ 100 ozt., 3:00, new inventory showing up. APMEX has about 20 @ $1000 face bags, and lots of Eagles.
106 @ 100 ozt., 3:48, ? rate = 40.0 @ 100 ozt bars sold per hour. They have a 2.7 hour supply at this rate.
91 @ 100 ozt., 4:18, slowing down. rate = 30.0 @ 100 ozt bars sold per hour. They have a 3.0 hour supply at this rate
61 @ 100 ozt., 4:45, big buy? rate = 40.5 @ 100 ozt bars sold per hour. They have a 1.5 hour supply at this rate
39 @ 100 ozt., 5:08, rate = 41.4 @ 100 ozt bars sold per hour. They have a 57 minute supply at this rate
5 @ 100 ozt 8:05 PM. [507 @ 100 ozt., promised ("These items are on a slight delay. We expect to be able to ship these items by April 24th."); Royal Canadian and JM are a'coming. ]
mick silver (15th April 2013)
APMEX has 4 @ 100 ozt. bars in stock. Yesterday they had 378! People took advantage of the big bank led sale.
Of the 507 bars they promised for April 24th, 213 are left (294 sold today).
The Inventory of APMEX 100 ozt. Bars; 15APR2013
Note: I have no data between 5:08 and 8:05 (coincidence), so I plotted the last point at 8:05 PM, PST
What a day!
Libertarian_Guard (16th April 2013)