UPDATE: Eye on physical – 4/16/13
Dear All,
If this artificial smackdown of gold and silver prices has you dazed and perhaps doubting the natural direction of price, pay attention to the market for physical metal. Bullion dealer CMI's president Bill Haynes spoke with Eric King about yesterday's market action: Bullion Shortages Develop As Retail Demand Skyrockets
“Gold and silver buyers are still outpacing sellers by a stunning 50 to 1. There were premium increases on everything bullion related. The wholesalers are now telling us four to six weeks on silver maple leafs, and wholesalers quit taking orders on one ounce silver rounds. Wholesalers also kicked the premium higher on 100 ounce silver bars as well.”
The anti-gold psychological warfare is non-stop, with the financial media being used to spread the word that the gold bull is over. Bull markets don't end this way, having never achieved a mania phase — which is still ahead of us — and with shortages of the underlying asset.
Jeff
2013-04-16 08:09:17
Source: http://goldmap.typepad.com/goldmap/2013/04/update-eye-on-physical-41613.html
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