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Silver Eagle pricing. I don't understand.
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<p>[QUOTE="Cherd, post: 8606020, member: 24754"]I wasn't paying attention back then, but I've been tracking the online dealer sites lately and have noticed something interesting. Their premiums tend to be a bit better than brick and mortar places, however, there also seems to be a bit of a "premium" built into their spot price.</p><p><br /></p><p>I've had a handful of dealer sites open for a while, along with the bid/ask spreads on futures contracts. The first thing that is immediately obvious when simultaneously refreshing all of the pages is that there is very little consistency in the spot prices presented on each page. While the rank order between sites is not always the same, there is almost always a spread of 15-20+ cents on the whole.</p><p><br /></p><p>I'm sure they are all using an automated API (periodically gets info from a separate database) to keep their prices concurrent. But, to me, the lack of consistency indicates that there are some extra manipulation algorhithms running on the backend. I haven't systematically collected and analyzed the data, but passive observations indicate that the spot prices given tend to react immediately on the way up, while tending to lag a bit on the way down. This, again, would indicate some manipulation that accounts for some extra bit of "premium".[/QUOTE]</p><p><br /></p>
[QUOTE="Cherd, post: 8606020, member: 24754"]I wasn't paying attention back then, but I've been tracking the online dealer sites lately and have noticed something interesting. Their premiums tend to be a bit better than brick and mortar places, however, there also seems to be a bit of a "premium" built into their spot price. I've had a handful of dealer sites open for a while, along with the bid/ask spreads on futures contracts. The first thing that is immediately obvious when simultaneously refreshing all of the pages is that there is very little consistency in the spot prices presented on each page. While the rank order between sites is not always the same, there is almost always a spread of 15-20+ cents on the whole. I'm sure they are all using an automated API (periodically gets info from a separate database) to keep their prices concurrent. But, to me, the lack of consistency indicates that there are some extra manipulation algorhithms running on the backend. I haven't systematically collected and analyzed the data, but passive observations indicate that the spot prices given tend to react immediately on the way up, while tending to lag a bit on the way down. This, again, would indicate some manipulation that accounts for some extra bit of "premium".[/QUOTE]
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Silver Eagle pricing. I don't understand.
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