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APMEX just listed ASE for $27.77

mrpaseomrpaseo Posts: 4,753 ✭✭✭
in Precious Metals
Is this a sign of dropping spot prices or less demand?

Comments

  • Steve27Steve27 Posts: 13,274 ✭✭✭
    Both, plus a drop in price from their supplier.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • mrpaseomrpaseo Posts: 4,753 ✭✭✭


    << <i>Both, plus a drop in price from their supplier. >>



    Trifecta image
  • mrpaseomrpaseo Posts: 4,753 ✭✭✭
    Their price is adjusting with SPOT, just saw it at $27.70

    I see a dip coming.

    Ray
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Yep..... selling into a dropping metals market can be dicey...but a lot depends on original acquisition price. Cheers, RickO
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Four bucks over spot for ASE's, but if someone wants .999 silver and will accept any shape or form, buy all you want at $1.49 over spot, currently $25.18 Same company (APMEX)

    On the other hand, if "it must be Engelhard", you're still paying Over $30 per ounce there

    Liberty: Parent of Science & Industry

  • FountainheadFountainhead Posts: 956
    It's not just paper metal dropping in price. 10oz silver bars are now available for immediate delivery for under $250 at Provident. I don't recall them that cheap even when silver hit its low a month ago.

    Since there's no rush to buy, the sellers - led by refiners who have been working like mad for four weeks - will try to dump their stock as quickly as possible. We may even see physical selling at a discount to paper, as happened in the late 90's and early 2000s.
    Salute the automobile: The greatest anti-pollution device in human history!
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  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>Is this a sign of dropping spot prices or less demand? >>



    It's down to $27.39..any quantity. APMEX must feel that silver spot will continue to drop.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • freechancefreechance Posts: 380 ✭✭
    That didnt last long now 5.49 over for 1
    3.99 over if you buy 500+
  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>That didnt last long now 5.49 over for 1
    3.99 over if you buy 500+ >>



    It was a 24 hr sale...and as the saying goes..."he who snoozes, looses"image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • freechancefreechance Posts: 380 ✭✭
    Even 3.99 over is too high for me
  • mariner67mariner67 Posts: 2,746 ✭✭✭


    << <i>Even 3.99 over is too high for me >>



    image
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  • PerryHallPerryHall Posts: 46,140 ✭✭✭✭✭


    << <i>

    << <i>Even 3.99 over is too high for me >>



    image >>

    image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
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