Market Curiosity: Exploring Markets And Systems

March 8, 2011

Silver update for backwardation and tidbits on March 8th

Filed under: Just Watching — Tags: , , , , , , , — Jeff Fitzmyers @ 10:51 am

Expect at least another 6 days of rising silver prices.

+ Scotia Mocatta sold out of 1 oz, 5 oz, 100 oz, and 1 kg silver for 2 days now. Was out of 3 kinds of silver a few days before that.
+ Kitco is not selling Maple Leafs.
+ Mr Tulving is not selling Maple Leafs, and has opened mint boxes of pre 2011 American Eagles, but not sealed boxes, “Premiums Currently To High, In Our Opinion”.
+ Silver “Scorched Earth” and The END of Market Manipulation
+ Excellent article: The Silver Bullet And The Silver Shield

Ed Steer:

For the fifth day in a row, the U.S. Mint had no sales report. [No silver ehh??]

he big overnight increase in silver prices had a huge effect on my bullion dealer’s business yesterday, as it was wall-to-wall buyers at his store all day long. He had one of the biggest one-day silver sales days in the history of his business. Price almost no longer matters, as the buyers just want in.

As Silver Prices Soar, Silver Coins Get Smaller [Supports the idea that 90% silver dimes are a top choice. Jeff Clark also chimes in: “I’m sure they’re [MS65’s] wonderful investments,” Hector said. “But they’re a very poor currency… Will the baker know the value of your coins?”]

As of 10:30 PST which metal has the smallest dip? But does not silver usually fly all over the place? Yes. So then, relatively, silver’s dip is even smaller. (Finviz.com)

References
+ Silver backwardation – March 7 – No major changes

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