APMEX out or running out of silver

Discussion in 'Silver' started by Struggle Street, Apr 26, 2011.

  1. Struggle Street

    Struggle Street Member

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    I received an email from APMEX one hour ago offering $3.00 US above spot for any American silver mint product.

    America the beautiful sets are being bought by them for $1250.00 US.
     
    Struggle Street, Apr 26, 2011
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  2. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    Thats roughly around $0.50 more than the top we just had.
     
    THUCYDIDES79, Apr 26, 2011
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  3. Struggle Street

    Struggle Street Member

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    That's exactly what I thought.

    Interestingly the email was sent AFTER the close of the US market.
     
    Struggle Street, Apr 26, 2011
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  4. Arsenal

    Arsenal New Member

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    Just proves how manipulated the market is when there is such a shortage of silver with such a huge demand and the price goes down.
     
    Arsenal, Apr 27, 2011
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  5. bluenetworx

    bluenetworx New Member

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    I find this interesting, as some bloggers are saying we are in a blow off top and its time to sell because there is too much silver, but doesn't seem like there is if APMEX are emailing people offering to buy
     
    bluenetworx, Apr 27, 2011
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  6. goldpelican

    goldpelican Administrator Staff Member

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    Dealers can make money whether spot rises or falls - if there's a physical supply crunch, they need product to move regardless of the price direction.

    Should be positive news for the price though - they'd be in the top 3 physical dealers in the USA - if they can't source stock, it's very bullish.
     
    goldpelican, Apr 27, 2011
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