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<p>[QUOTE=&quot;pmbug, post: 26427448, member: 36982&quot;]It&#039;s a tale of two silver markets.</p><p><br /></p><p>London OTC/spot markets trade 1,000 ozt &quot;London Good Delivery&quot; silver bars.&nbsp; These are becoming increasingly scarce as the LBMA vault stock drains.</p><p><br /></p><p>Retail buyers of 90% silver, 1ozt coins, 10ozt bars etc. are not even awake yet on silver.&nbsp; Per the anecdotal reports I&#039;m seeing/hearing from coin dealers, retail is still selling everything and not buying (as of a week ago or so).&nbsp; Coin shops have been selling 90% to refineries to be melted down, but the refineries are so backed up with inventory that they have stopped buying, so dealers are trying to sell 90% at spot or even discounts to spot right now just to get some cash flow to pay bills.</p><p><br /></p><p>Retail will wake up eventually - late to the party.[/QUOTE]</p><p><br /></p>

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