Loading ...Seems right that the local coin dealers would be looking at more sellers, especially in gold.
I noticed that golddealer.com is offering close to 2% under spot for gold eagles, while they’re offering spot for silver.
The dealers are still charging a hefty premium for silver though, which is odd.
The general public here in the US doesn’t seem to be involved in any major way just yet. I suspect most are out of money. I always thought the wealthier among us would come in and sweep out the inventory of these local dealers, but we’re not there yet either.
Maybe the Chinese public will ultimately do the heavy lifting.
I’ll say this though, with all the hoopla surrounding this latest move, it’s still been very orderly. We’ve not seen a 2% up move in gold that I can remember.
Looks like we have to revisit and battle for $2900, while silver still struggles with the $32 level. As exciting as the move in the large cap shares has been, we still haven’t pressed the most recent highs in the HUI despite gold up another $200.
Just like the Demonrats and their judges, the manipulating scum still makes their presence known.