Commentary on Silver and Gold
Just talked to my metals broker. They have no silver in inventory right now. May be getting some on Monday. Their price is 3 above spot if they do. But they were supposed to get some this Monday and didn't.
They do have gold; there is plenty of depth on gold. They are asking ~912/oz for Maples and ~916/oz for Eagles.
The metal selloff seems mainly electronic, just like the oil & gas selloff. There is not an abundance of the physical.
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1 comment:
That's the same story my wife's silver guru was telling her throughout the whole price collapse - "I tried to buy physical silver and there's none available" - therefore the collapse in SLV and other securitized versions would correct quickly. She lost $40k listening to that tripe. Who knows why you can't buy physical silver, but at this point it obviously has nothing to do with the market price of silver.
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