Physical Silver Demand Draining The Mints And The COMEX Vaults...!
- mytcbformula
- Aug 3, 2015
- 1 min read
If there are words to characterize the precious metals markets for July, it would be "divergences" and "shortages." There was heavy selling in the leveraged "paper" futures market and extraordinary buying demand and shortages in "physical" coins, rounds, and bars markets.
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Despite turmoil surrounding Greece and a huge sell-off in Chinese equities, traders dumped wheelbarrow loads of "paper" gold and silver. The expected safe-haven buying was concentrated entirely in physical bullion, swapping paper for physical assets. Spot "paper" prices fell relentlessly during the month, while "physical" prices esculated from the demand and squeeze on inventory. We've reported on this divergence recently, but some surprising new data has come to light…learn more here:
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