Price drop incoming?

[mr-dead]

I seem to be getting multiple offers by email the last few hours from several companies.

Probably an indication the price of pm's are expected to drop imminently.

 

 

[Thelonerangershorse]

Yes Please.

 

[Gradius]

How would theses companies know that metals are about to drop?

[HawkHybrid]

10+ 10ozt silver bars available at hgm can be a sign

that current price silver demand is not quite up to

supply. (imo)

 

HH

[SilverTanner]

It can wait a couple of days! 

I am selling a load of bullion to cover a single coin bought at auction at the weekend - still waiting for the invoice (the Swiss tend to put them in the post rather than e-mail them)

[KDave]

They probably just have a lot of stock and not many buyers - in the real world this would mean a price drop, but the price is driven by fantasy land paper markets where billions of ounces are sold all at once every Friday at 10:00 

[MIP]

If they knew they should be making gazillions in the paper market as shorts

Geee they always send offers where is the difference now?

[sixgun]

i do not know exactly how precious metal dealers work but i would expect the larger concerns will hedge their metal holdings. Retail dealers will have little to no knowledge of impeding moves. i cannot see JP Morgan ringing round suggesting they sell as much product as possible b/c price is going to take a dive. 

[HawkHybrid]

over supply means lower prices regardless of what spot

does. the spot price is only a look up table for what the

miners/producers are likely to be selling at. (I think of it

like the coin sellers handbook, I don't have any control

over it's content but use it to help reach an agreement in

a trade) more stock held by many dealers is a result of

the spot price but that feeds back into the loop by

indicating that there are likely more sellers of bullion than

buyers at that current spot price. bullion dealers prefer

not to be longer term holders of stock. their combined

inventory levels is a good indicator of which way the price

is more likely to move in the short term.

 

HH

[Stu]

1 hour ago, sixgun said:

i do not know exactly how precious metal dealers work but i would expect the larger concerns will hedge their metal holdings. Retail dealers will have little to no knowledge of impeding moves. i cannot see JP Morgan ringing round suggesting they sell as much product as possible b/c price is going to take a dive. 

There you go my man, your suspicions are correct!

https://www.jmbullion.com/gold-and-silver-dealer-hedging-infographic/

[sovereignsteve]

6 hours ago, mr-dead said:

I seem to be getting multiple offers by email the last few hours from several companies.

Probably an indication the price of pm's are expected to drop imminently.

 

 

do you not get offers when the price is about go up or down but especially when it has just gone up or down?