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<p>[QUOTE="desertgem, post: 1689330, member: 15199"]At a show yesterday, I listened to a number of dealers talking and trying to deal over their cell phones in the lounge area. Basically, the larger ones had plenty of ASE ro sell , but their asking prices were over $30 and they weren't backing off. Some did have 1 oz silver pandas for $40 and they sold well to the surprisingly large % of asian buyers, who were also interested in US numismatic valued coins, even though they were using 2014 redbooks as their pricing guide ( as were most dealers). </p><p><br /></p><p>Overall Feeling. Silver and Gold were selling well, but the bullion was staying in the dealers cases unless the premium was well over The Old Normal. New people were entering the coin game. The Dealers still spout the "Manipulation!!! mantra" while hiding their bullion until a better time. The largest bullion deals talked among them was (7) 1/4 ounce AGE, and a roll of 1922 Peace dollars at $800. The dealers privately seem to feel that the PM will be back sooner than JPM talks, and that they were surviving well on coins without the bullion bonus, hunkered down.</p><p><br /></p><p>One theory was that if there was any manipulation it was primarily by the larger bullion dealers to limit their losses, but as with all 'conspiracy theories' there is no strong facts.[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1689330, member: 15199"]At a show yesterday, I listened to a number of dealers talking and trying to deal over their cell phones in the lounge area. Basically, the larger ones had plenty of ASE ro sell , but their asking prices were over $30 and they weren't backing off. Some did have 1 oz silver pandas for $40 and they sold well to the surprisingly large % of asian buyers, who were also interested in US numismatic valued coins, even though they were using 2014 redbooks as their pricing guide ( as were most dealers). Overall Feeling. Silver and Gold were selling well, but the bullion was staying in the dealers cases unless the premium was well over The Old Normal. New people were entering the coin game. The Dealers still spout the "Manipulation!!! mantra" while hiding their bullion until a better time. The largest bullion deals talked among them was (7) 1/4 ounce AGE, and a roll of 1922 Peace dollars at $800. The dealers privately seem to feel that the PM will be back sooner than JPM talks, and that they were surviving well on coins without the bullion bonus, hunkered down. One theory was that if there was any manipulation it was primarily by the larger bullion dealers to limit their losses, but as with all 'conspiracy theories' there is no strong facts.[/QUOTE]
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