Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Gold Bug

Reply
 
LinkBack Thread Tools
Old 08-30-2012, 09:31 AM   #1
PM Bug Supporter
 
DoChenRollingBearing's Avatar
 
Join Date: Oct 2011
Location: SE USA
Posts: 1,275
Liked: 691 times
Widget Shows Big Premium for Physical Gold

Awhile back, I looked at the 24hgold.com/eBay widget that compared the spot price of gold vs. the offer price at eBay for American Gold Eagles. I did not do this long enough to pick up any useful information, alas. Typically the premium of eBay over sport was 5.5% - 9.5% or so (about 80% of the time the premium was in this range).

Today (now, 10:30 AM US ET) the premium is 11.1%.

The widget can be found at the bottom of the homepage of 24hgold.com.

I have no idea if this means anything (scarcity), probably not. But, it is an indicator that may be worth something, even if only just to worth monitoring, like PMBug watches APMEX inventories.
DoChenRollingBearing is offline   Reply With Quote
Old 08-30-2012, 09:36 AM   #2
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,064
Liked: 2454 times
Previous discussion regarding ebay widgets: http://www.pmbug.com/forum/f13/ebay-...-224/#post1208

One day results could easily be the result of an anomoly in the search results. If you see a consistent/persistent trend, it would be more meaningful IMO.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 08-30-2012, 10:32 AM   #3
Moderator
 
Join Date: Oct 2011
Posts: 1,059
Liked: 459 times
Well.. It's a reflection of an improvement in Sentiment. Premiums are rising as sentiment improves. If you look at the lows for gold and silver, you usually see NAV extremes in mutual funds that invest in them. PSLV, SLV and the like can get NEGATIVE readings at the lows and extreme premiums over NAV at highs.

Sentiment @68 on the NDR for physical gold. That's a little overdone short term. NOT extreme though. The last peak was around 90.

At the same time, the sentiment for the miners is in the 40s. Low 70s are usually as high as it gets.

Bullish % (point and figure buy signals) for the miners is at 45%. Meaningful highs are in the 70-90 range. We had a 55 (approximately) at the end of February and having a high there was supposed to be highly unlikely.

So.. when you take those kinds of numbers in context, we are no longer at an extreme on the downside but we also aren't at an extreme on the upside either.
DSAbug is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
[Chart] XAU index/gold ratio shows insane undervaluation of miners swissaustrian Mining 3 12-15-2012 11:43 AM
ASE premium benjamen Silver Bug 30 06-15-2012 04:02 PM
Tracking the eBay / 24hgold.com PM widget DoChenRollingBearing PM Bug 5 01-11-2012 12:33 AM
eBay / 24hgold.com Widget DoChenRollingBearing PM Bug 0 01-08-2012 09:42 PM
coin shows dontdeBasemebro PM Bug 11 12-06-2011 09:56 AM


All times are GMT -5. The time now is 02:50 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.