we have seen recently with skyrocketing lease rates and prices for actual silver at a steep discount to paper silver.
Skyrocketing lease rates were the result of spot silver prices being higher, not at a discount to paper silver. Silver has been in backwardation for the past 10 days and has only equilibrated today.
.it was the apathy that makes bottoms
It was someone shorting SLV that made this one. Actual deliveries are starting to spike - triple the previous high deliveries on Comex in a non-delivery month. That's not apathy.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: we have seen recently with skyrocketing lease rates and prices for actual silver at a steep discount to paper silver.
Skyrocketing lease rates were the result of spot silver prices being higher, not at a discount to paper silver. Silver has been in backwardation for the past 10 days and has only equilibrated today.
.it was the apathy that makes bottoms
It was someone shorting SLV that made this one. Actual deliveries are starting to spike - triple the previous high deliveries on Comex in a non-delivery month. That's not apathy.
Ummm...this thread was about the price of gold in 2017. Pay attention.
Ummm...this thread was about the price of gold in 2017. Pay attention.
You never miss a chance to conjure up an insult, do you?
For the record, Goldfinger reconstituted this thread, and I was responding to his new comment which was about silver.
I then responded to your comment, which was right before his. My comment was about market apathy not being the cause of the market making bottoms today, and not about gold in 2017.
This is 2025, why would you care about gold making a bottom in 2017? Such BS.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: Ummm...this thread was about the price of gold in 2017. Pay attention.
You never miss a chance to conjure up an insult, do you?
For the record, Goldfinger reconstituted this thread, and I was responding to his new comment which was about silver.
I then responded to your comment, which was right before his. My comment was about market apathy not being the cause of the market making bottoms today, and not about gold in 2017.
This is 2025, why would you care about gold making a bottom in 2017? Such BS.
Why in 2017? Well, the chart seems quite obvious and question has proven to be a prescient observation on market psychology at the time.
You say you responded to GF, which you did, and then you quoted me. So a coherent person would read your comment as a response to me. Don't talk of BS, if you spread it.
And insults...dont throw stones jmski. I give what I get.
@roadrunner said:
Heritage as of today will sell you slabbed MS65 Saints for $4110 each....or about $110 over the gold price.
That's 5.7% over the melt value of the Saint.
Does that include the bp ?
No BP. Those prices are through their Gold Fax price offerings that come out each week day. The spreads on MS65 Saints might be only 0.5-1% at times. The Buyer's Premium is only an auction thing. And anyone buying bullion in auctions and paying stiff BP's needs to have their head's examined.
And as the price of gold goes higher, the premiums for grade or somewhat better dates tends to shrink. Rare dates are different. It's at the point where Saints and $20 LIbs are mostly slabs of gold.....premiums are nearly gone. And buy/sell spreads can be as low as 1% on a MS65 slabbed saint.
@roadrunner said:
And buy/sell spreads can be as low as 1% on a MS65 slabbed saint.
Yup...and you wonder if/when we will see the same compression on MS-66's and even the premium on the MS-67 1908 NM (the most common 67) start to dissipate in the future.
But that's something for another day, namely when gold is above $5,000 an ounce.
Comments
It's only natural that premiums go down as profit goes up.
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
we have seen recently with skyrocketing lease rates and prices for actual silver at a steep discount to paper silver.
Skyrocketing lease rates were the result of spot silver prices being higher, not at a discount to paper silver. Silver has been in backwardation for the past 10 days and has only equilibrated today.
.it was the apathy that makes bottoms
It was someone shorting SLV that made this one. Actual deliveries are starting to spike - triple the previous high deliveries on Comex in a non-delivery month. That's not apathy.
I knew it would happen.
Ummm...this thread was about the price of gold in 2017. Pay attention.
Knowledge is the enemy of fear
Ummm...this thread was about the price of gold in 2017. Pay attention.
You never miss a chance to conjure up an insult, do you?
For the record, Goldfinger reconstituted this thread, and I was responding to his new comment which was about silver.
I then responded to your comment, which was right before his. My comment was about market apathy not being the cause of the market making bottoms today, and not about gold in 2017.
This is 2025, why would you care about gold making a bottom in 2017? Such BS.
I knew it would happen.
Why in 2017? Well, the chart seems quite obvious and question has proven to be a prescient observation on market psychology at the time.
You say you responded to GF, which you did, and then you quoted me. So a coherent person would read your comment as a response to me. Don't talk of BS, if you spread it.
And insults...dont throw stones jmski. I give what I get.
Knowledge is the enemy of fear
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
No BP. Those prices are through their Gold Fax price offerings that come out each week day. The spreads on MS65 Saints might be only 0.5-1% at times. The Buyer's Premium is only an auction thing. And anyone buying bullion in auctions and paying stiff BP's needs to have their head's examined.
And as the price of gold goes higher, the premiums for grade or somewhat better dates tends to shrink. Rare dates are different. It's at the point where Saints and $20 LIbs are mostly slabs of gold.....premiums are nearly gone. And buy/sell spreads can be as low as 1% on a MS65 slabbed saint.
Yup...and you wonder if/when we will see the same compression on MS-66's and even the premium on the MS-67 1908 NM (the most common 67) start to dissipate in the future.
But that's something for another day, namely when gold is above $5,000 an ounce.