No more orders for gold or silver!

[Lurkalot]

I note that several UK based online dealers have ceased taking orders until after the markets have opened on Monday morning. A typical website message being.... "No more orders for gold or silver! Due to unprecidented demand and the US downgrade late on Friday we will not be able to accept any more orders until 9-30am on Monday. Thank you for your understanding". Hmmmm, not sure I do understand actually.


A few thoughts... If silver was expected to drop 'big time' then why would these dealers miss a chance to sell at current higher prices? May be it's just that (if we're being honest) nobody has a bloody clue what's going to happen so they are in effect 'battening down the hatches' for a while. With silver being the unpredicatable playful temptress that she is, pretty much anything could happen.

Unchartered waters indeed!

 

[Lurkalot]

Actually 'PMcat' has already touched on this subject here ..... http://forums.silverstackers.com/to...-and-high-margins-faith-in-silver-waning.html

Sorry.

 

[Photonaware]

The calm before the storm me thinks !

 

[Diablo21]

I think they're not sure what's going to happen, prices will either skyrocket or sink, who knows. So they're just saving their rear-ends by taking the safe route out.

 

[PMcat]

The smaller competitors that do take orders are probably making a mint then.
Funny how it was so quite for the past 2 months and now everybody running in panic mode

Imagine the panic when they announce QE3 over the weekend...

 

[Aengrod]

rather imagine it when SHTF, and I mean it, it was just drop by ONE of the rating agencies from AAA to AA+, not SHTF in all its glory.

 

[PMcat]

[youtube]http://www.youtube.com/watch?v=mbw6d9nbRJg[/youtube]

[youtube]http://www.youtube.com/watch?v=7yvDXQxXH1Y[/youtube]


http://www.bloomberg.com/news/2011-...3-after-s-p-rating-cut-li-daokui-says-1-.html

 

[Naphthalene Man]

I noted last night that one Australian supplier that i am yet to buy from also has orders on hold

 

[jpanggy]

I thought orders are open again now.

 

[RhythmDoctor]

STOP - This market is not ready yet...


(NB: Apmex is back open, not sure about the UK network though)

 

[Guest]

Makes good business sense.

 

[Rinchin]

Brilliant business sense. By removing the possibility of buying physical silver at this time the dealers are themselves creating a panic to get in when they finaly start accepting orders, at whatever price.

Just look at how it made you think of the situation, perfect set up to increase premiums for physical. Is this the start of the silver market de-coupling we hear so much on this forum?

Is this the best way to combat the manipulation that has maintained an artificially low silver fr so long?