Bubbles bursting in air.
I’ve bought gold and silver on more than one occasion from APMEX. Great people to do business with. I don’t see anything on their site about a buy back, other then the usual quote.
http://www.apmex.com/APMEXTop40/Default.aspx
Is there really only a $3 premium for silver eagles? That doesn’t seem like much.
This is a continuation of the same situation that was going on at the beginning of the year.
Several companies have heavily over-sold their metals, and are in big trouble. This is criminal activity by anyone’s measure. Its also why all of the prescious metal gurus had been trying to talk down the prices, but finally gave up in the face of strong buy signals over the past three weeks.
Buy your metals in face to face transactions only!
And this comes with CME margin requirements going up. Indeed somebody wants some physical.
I like these charts because you can see all time frames at once, which keeps things in perspective:
http://www.oilbull.com/metals-charts/silver/