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<p>[QUOTE="pmbug, post: 1569530, member: 36982"]NK - It is really easy to obtain information about the paper markets for gold and silver. Not so much for the physical market. I monitor inventory (and by extension, sales volume) and premiums to keep tabs on what is happening with retail buying and physical supply. For example, one year ago or so, the spread on the buy/sell premium for 90% silver was much tighter than the spread on ASEs. When the US Mint started running a shortage (couldn't keep up with demand), both buy/sell premiums on ASEs rose and the spread tightened.</p><p><br /></p><p>What am I hoping to get out of this thread? F me. I'm just sharing an observation. It may or may not portend a shift in retail buying habits, physical metal supply shortages and/or imminent rise in dealer premiums. I should ask -<span style="color: #ff0000">Edited, forum rules</span>are *you* hoping to get out of this thread?</p><p><br /></p><p>I tried already to explain - the reduction in inventory was not a gradual change indicating a strategic decision not to replenish supplies during a period of normal sales volume. I'm not going to repeat myself ad naseum for you though.[/QUOTE]</p><p><br /></p>
[QUOTE="pmbug, post: 1569530, member: 36982"]NK - It is really easy to obtain information about the paper markets for gold and silver. Not so much for the physical market. I monitor inventory (and by extension, sales volume) and premiums to keep tabs on what is happening with retail buying and physical supply. For example, one year ago or so, the spread on the buy/sell premium for 90% silver was much tighter than the spread on ASEs. When the US Mint started running a shortage (couldn't keep up with demand), both buy/sell premiums on ASEs rose and the spread tightened. What am I hoping to get out of this thread? F me. I'm just sharing an observation. It may or may not portend a shift in retail buying habits, physical metal supply shortages and/or imminent rise in dealer premiums. I should ask -[COLOR=#ff0000]Edited, forum rules[/COLOR]are *you* hoping to get out of this thread? I tried already to explain - the reduction in inventory was not a gradual change indicating a strategic decision not to replenish supplies during a period of normal sales volume. I'm not going to repeat myself ad naseum for you though.[/QUOTE]
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