Are silver premiums really $8-10/oz?

Source: Tango Foxtrot Papa Productions
Published: Mar 11, 2021
Author: Esso
Post Date: 2021-03-11 16:41:59 by Esso
Views: 562

Am I seeing things? TexMetals is buying Canadian Maples at $0.50 OVER spot. That would seem to imply supply-side shortages.

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#1: TommyTheMadArtist    To: Esso (#0)

Seriously???

TommyTheMadArtist posted on 2021-03-11 17:52:28   Reply   Private Reply

#2: Esso    To: TommyTheMadArtist (#1)

Seriously???

So it seems. OnlyGold isn't even listing their prices. It looks like premiums at TexMetals are running 35%+ over spot. I normally only look at spot, not the premiums. I've never seen any dealer paying above spot to sell back. Sumpthin's up.

Supply seems to be spotty, at best.

Esso posted on 2021-03-11 17:58:17   Reply   Private Reply

#3: Lod    To: Esso (#2)

Dang, and thanks for that information, not that I can ever see selling back, but it definitely forebodes something...what, I don't know.

Keep us posted.

Lod posted on 2021-03-11 18:34:44   Reply   Private Reply

#4: TommyTheMadArtist    To: Lod (#3)

Oh wait... covid 19 checks are coming. This is gouging. When the money is spent then the prices will contract.

TommyTheMadArtist posted on 2021-03-11 18:40:31   Reply   Private Reply

#5: Esso    To: TommyTheMadArtist, 4um (#4)

Oh wait... covid 19 checks are coming. This is gouging. When the money is spent then the prices will contract.

I don't think so, Tommy. I don't see the tards that are depending on stimulus checks as smart enough to move markets. I'd call Jamie Dimon and ask, but we're not exactly on speaking terms anymore.

Seems to be indicative of a physical shortage. That may be why dealers are paying above spot.

Esso posted on 2021-03-11 19:10:51   Reply   Private Reply

#6: Esso    To: Lod (#3)

...it definitely forebodes something...what, I don't know.

Equities seem to be foreshadowing inflation, metals are looking like manipulation.

Oil & XOM been doing really good for me (I almost wish it wasn't). Bidet pinching off a bunch of pipelines should be good for a lot of folks, just not average Americans.

Esso posted on 2021-03-11 19:19:53   Reply   Private Reply