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Heavy buying of physical metal over the weekend
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<p>[QUOTE="pmbug, post: 1569182, member: 36982"]desertgem - no idea <span style="color: #ff0000">Edited ~ forum rules </span>you are on about. The OP was very specific with respect to retail market action for physical metal and makes no statement (or inference to same) with respect to the spot price or futures market.</p><p><br /></p><p>NK/jeffB - Apmex inventories had actually been rising over the last two months. Their inventory got decimated the day before Halloween with ~10 times greater sales volume than they normally see on a good day. They started restocking last week, but that restocking was again decimated over the weekend. As someone who has been watching their inventory ~daily for almost a year now, I can tell you this was highly unusual activity. If the KWN report is indicative of what retailers in general are seeing, and Apmex isn't an outlier, I expect that premiums will be rising soon.[/QUOTE]</p><p><br /></p>
[QUOTE="pmbug, post: 1569182, member: 36982"]desertgem - no idea [COLOR=#ff0000]Edited ~ forum rules [/COLOR]you are on about. The OP was very specific with respect to retail market action for physical metal and makes no statement (or inference to same) with respect to the spot price or futures market. NK/jeffB - Apmex inventories had actually been rising over the last two months. Their inventory got decimated the day before Halloween with ~10 times greater sales volume than they normally see on a good day. They started restocking last week, but that restocking was again decimated over the weekend. As someone who has been watching their inventory ~daily for almost a year now, I can tell you this was highly unusual activity. If the KWN report is indicative of what retailers in general are seeing, and Apmex isn't an outlier, I expect that premiums will be rising soon.[/QUOTE]
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