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!
“He who sells what isn’t his’n, must buy it back or go to prison.”