Physical gold and silver inventory watch 2013

pmbug

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Continued from last year's thread...

It's been 3 days since the last report.

The following report details changes from 12/30 @ ~9am to 1/2 @ ~9am:
  • 10 ozt gold bars - from 69 to 54. Pamp (-10), JM (-4), JM "bache" (-1 sold out)
  • 1 ozt gold bars - from 2498 to 2196. Apmex (-59), Pamp (-142), Pamp YotD (-25), Credit Suisse (-24), Perth (-47), Heraeus (-1), generic with assay (+16), Sunshine V2 (-12), RCM (-8)
  • 100 ozt silver bars - from 413 to 372. Apmex (-23), RCM (+12), JM "new" (-22), JM secondary market (-3 sold out), Englehard secondary market (-1 sold out), generic secondary market (-2), Sunshine (-1 sold out)
 

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mike

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Where do you see the inventory amounts?
Also, just curious, why do you choose Apmex for your index? Are they the biggest dealer?
 

pmbug

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The following report details changes from 1/2 @ ~9am to 1/3 @ ~9am:
  • 10 ozt gold bars - from 54 to 50. Pamp (-4)
  • 1 ozt gold bars - from 2196 to 2075. Apmex (-6), Pamp (-55), Pamp YotD (+27), Credit Suisse (-39), Perth (-14), Heraeus (-2), generic with assay (-11), Sunshine V2 (-9), RCM (-12)
  • 100 ozt silver bars - from 372 to 311. Apmex (-10), RCM (-32), JM "new" (-22), generic secondary market (+3)
Looks like some fairly strong sales volume.
 

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The following report details changes from 1/3 @ ~9am to 1/4 @ ~9am:
  • 10 ozt gold bars - from 50 to 42. Pamp (-5), Perth (-2), generic no assay (-1)
  • 1 ozt gold bars - from 2075 to 1535. Apmex (-27), Pamp (-219), Pamp YotD (-16), Credit Suisse (-244), Perth (-22), generic with assay (-7 sold out), Sunshine V2 (-1), RCM (-4)
  • 100 ozt silver bars - from 311 to 317. Apmex (-9), RCM (+6), JM "new" (+12), generic secondary market (-1), Englehard "first generation" (-1 sold out), Heraeus "poured" (-1 sold out), RCM "old style" (-1 sold out), JM "matching serial #s" (+1)
Monster sales volume for gold. Roughly 1/4 of their 1ozt gold bar inventory disappeared in the last 24 hours.

They also raised the premium on "generic secondary market" 100ozt silver bars to be in line with the other major brands.
 

swissaustrian

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the london pm gold fix (10 am ET) was intraday high today. That's when the huge physical transactions are taking place. Right after 10 am, we fell by $10.
This means: Heavy physical buying into the fix, paper selling thereafter.

j7gsvo.gif
 

pmbug

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It's been 3 days since the last update.

The following report details changes from 1/4 @ ~9am to 1/7 @ ~8am:
  • 10 ozt gold bars - from 42 to 30. Pamp (-2), Perth (-4), JM (-6)
  • 1 ozt gold bars - from 1535 to 1597. Apmex (-18), Pamp (-75), Pamp YotD (-8), Credit Suisse (+216), Perth (-42), Argor-Heraeus (-2), generic without assay (+10), Sunshine V2 (-3), RCM (-16)
  • 100 ozt silver bars - from 317 to 297. Apmex (-21), RCM (-5), JM "new" (+8), generic secondary market (-1), JM "matching serial #s" (-1 sold out)
Sales volume over the weekend is usually pretty muted, but there seems to have been some pretty healthy sales activity - especially in 10ozt gold. Deep pockets are buying gold right now. Silver is also seeing some healthy sales volume.
 

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The following report details changes from 1/7 @ ~8am to 1/8 @ ~8am:
  • 10 ozt gold bars - from 30 to 86. Pamp (+53), Perth (-2), JM (+7), generic no assay (-2)
  • 1 ozt gold bars - from 1597 to 1406. Apmex (-1), Pamp (-37), Pamp YotD (-4), Credit Suisse (-166), Perth (-35), Heraeus( -3), Argor-Heraeus (-6), generic without assay (-10 sold out), Sunshine V2 (+100), RCM (-29)
  • 100 ozt silver bars - from 297 to 259. Apmex (-13), RCM (-11), JM "new" (-19), generic secondary market (-1), JM secondary market (+5), JM & Mallory (+1)
Sales volume still looks strong even though Apmex restocked a bit so the overall inventory numbers didn't dip too much.
 

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The following report details changes from 1/8 @ ~8am to 1/9 @ ~8am:
  • 10 ozt gold bars - from 86 to 84. Pamp (-6), Perth (-6), JM (-2)
  • 1 ozt gold bars - from 1406 to 1816. Apmex (-30), Pamp (-41), Pamp YotD (-4), Credit Suisse (+425), Perth (+72), Argor-Heraeus (-3), Sunshine V2 (-7), RCM (-2)
  • 100 ozt silver bars - from 259 to 255. Apmex (-35), RCM (+21), JM "new" (-21), generic secondary market (+27), JM secondary market (-1), Englehard secondary market (+4)
 

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The following report details changes from 1/9 @ ~8am to 1/10 @ ~8am:
  • 10 ozt gold bars - from 84 to 89. Pamp (-1), Credit Suisse (+6 [new])
  • 1 ozt gold bars - from 1816 to 2249. Apmex (-28), Pamp (-43), Pamp YotD (-7), Credit Suisse (+366), Perth (-6), Heraeus (-5), Argor-Heraeus (-16), generic with assay (+172), Sunshine V2 (-2), RCM (-8), Englehard (+10 [new])
  • 100 ozt silver bars - from 255 to 338. Apmex (-7), RCM (-8), JM "new" (+104), JM secondary market (-3), Englehard secondary market (-4 sold out)
Generally strong sales volume continues for 1ozt gold and 100ozt silver. Massive restocking of Credit Suisse brand 1ozt gold over the last couple of days. The Credit Suisse brand now accounts for roughly half of their total inventory.

Apmex raised premiums on most of their major brand 100ozt silver by about $.20 each. They also have a note by the Englehard secondary market offeing that it is on pre-order and expecting to ship by Jan 15. But they aren't taking orders for it like they normally do.
 

Unobtanium

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Tulving only has 14 different silver products for sale right now, and is sold out of many of his silver products, including 90% junk (sold out products are now listed in a separate table on the lower half of the page).

I noticed that he is BUYING 90% silver at anywhere from 30-60 cents ABOVE spot, whereas for most to 2012 he was selling at below spot and buying at even further below spot.
 

pmbug

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From Jan 7:
Patrick A. Heller said:
Since the last time I reported the occurrence of slower deliveries of some bullion-priced gold and silver coins and ingots, supplies have gotten even tighter. As a result, even more premiums are inching upward.

On Monday morning, here is what one major wholesaler was reporting for delayed availability: In gold coins and bars: Half-ounce and tenth-ounce American Eagles, 1-ounce Buffaloes, Canadian Maple Leaves, South African 1 ounce Krugerrands, kilogram-sized gold bars, British sovereigns, Swiss and French 20 francs, Austrian 100 coronas, Mexican 50 pesos and Australian Kangaroos.

In silver coins and bars: U.S. silver American Eagles of all dates, Canadian silver Maple Leaves, 1 ounce Engelhard rounds and rectangles, 10-ounce Engelhard or Johnson Matthey bars, 100- ounce bars of any manufacturer and U.S. 90 percent silver coins.

If you look at the list of what is no longer available for immediate or short-delay delivery against the products that can still be acquired fast, there is one general rule: Products for sale at lower premiums above metal value tend to be in the shortest supply. Higher premium gold coins such as the U.S. gold American Eagles, Austrian Philharmonics and 2013-dated Chinese Pandas are still obtainable with no or minimal delays.

This past week we finally received a multi-hundred coin order of Austrian 100 coronas after a four-week delay. Future orders of this low-premium gold coin will take even longer for delivery.

Perhaps the most notable premium increase is in earlier-dated U.S. silver American Eagles The 1996-dated coins, the lowest mintage year, were already trading at premium prices. Now other dates such as 1986 and 1994-dated coins have developed significant premiums. The primary distributors have apparently already sold out this week’s first release of silver Eagles. Those now wanting to make a purchase may have to wait until the next release to take delivery.

In the first three trading days of 2013, Jan. 2-4, my company’s bullion sales exceeded the company’s total sales for the year 1982. Since gold and silver prices are only three to four times what they were back in 1982, obviously we are selling a far greater quantity of ounces of precious metals. I have heard similar stories of unusually high trading volume from other major bullion retailers.

The last time we saw such a strong surge in demand for physical precious metals was in late 2008. At that time, premiums rose significantly. At the peak, customers were paying 35-45 percent above melt for slightly delayed U.S. 90 percent silver coin because delivery of bars was two to four months delayed. Supplies of bullion-priced gold coins and bars were so tight that buyers jumped to purchase circulated common-date U.S. $10 and $20 gold pieces. It is not out of the question that we could see a return of such frenzied buying within the next few months.

http://numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=26340
 

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The following report details changes from 1/10 @ ~8am to 1/11 @ ~8am:
  • 10 ozt gold bars - from 89 to 88. Credit Suisse (-1)
  • 1 ozt gold bars - from 2249 to 2119. Apmex (-12), Pamp (-11), Pamp YotD (-7), Credit Suisse (-46), Perth (-23), Argor-Heraeus (-12), generic with assay (-7), Sunshine V2 (-6), RCM (-6)
  • 100 ozt silver bars - from 338 to 375. Apmex (-4), RCM (+12), JM "new" (-3), JM secondary market (+17), Englehard secondary market (+15), generic secondary market (-3)
Sales volume appears to have dropped over the last 24 hours.

Apmex is now taking orders for the 100ozt silver Englehard secondary market offering (that is on pre-order and expecting to ship by Jan 15), but they have a huge premium on it (ranging from $1.49 to $1.59 depending on quantity).
 

pmbug

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It's been 3 days since the last report.

The following report details changes from 1/11 @ ~8am to 1/14 @ ~8am:
  • 10 ozt gold bars - from 88 to 82. Pamp (-3), Perth (-1), Credit Suisse (-2)
  • 1 ozt gold bars - from 2119 to 2046. Apmex (-2), Pamp (-38), Pamp YotD (-7), Credit Suisse (-138), Perth (+133), Argor-Heraeus (-1), generic with assay (-14), Sunshine V2 (-1), RCM (-5)
  • 100 ozt silver bars - from 375 to 333. Apmex (-6 sold out), RCM (23), JM "new" (-8), JM secondary market (-2), Englehard secondary market (-2), generic secondary market (-1)
Fairly strong sale volume for a weekend - especially in 100ozt silver.

Both 1ozt and 10ozt Pamp gold bars are listed as available Jan 23 and Jan 30 respectively. Assuming this means the inventory being offered for sale is not actually in stock, the total in stock inventory for 10ozt gold is actually 36 bars and for 1ozt gold is 1,985. Perhaps this lends credence to Egon's claim reported in post #13 above.
 

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The following report details changes from 1/14 @ ~8am to 1/15 @ ~7am:
  • 10 ozt gold bars - from 82 to 78. Pamp (-2), Credit Suisse (-2)
  • 1 ozt gold bars - from 2046 to 4865. Apmex (-3), Pamp (+734), Pamp YotD (-1), Credit Suisse (+2116), Perth (-24), Argor-Heraeus (-1), generic with assay (-1), generic without assay (+1), Sunshine V2 (-1), Englehard (-1)
  • 100 ozt silver bars - from 333 to 330. RCM (-6), JM "new" (-3), JM secondary market (-3), Englehard "struck" (+8), generic secondary market (-2), JM "Canada" (+2)
Very weak sales volume except for 10ozt gold. Huge inventory additions for 1ozt gold. Pamp Suisse gold still listed with a future availability date. Credit Suisse listed as available now.

This is the largest inventory of 1ozt gold I've seen since I started tracking in December 2011. The previous largest I saw was 3,859 bars on Aug. 28, 2012.
 

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The following report details changes from 1/15 @ ~7am to 1/16 @ ~7am:
  • 10 ozt gold bars - from 78 to 70. Pamp (-11), JM "poured" (-2), JM "pressed" (+5)
  • 1 ozt gold bars - from 4865 to 4789. Apmex (-16), Pamp (-40), Pamp YotD (+3), Credit Suisse (-74), Perth (+85), Heraeus (+5), Argor-Heraeus (-1), generic with assay (-33), generic without assay (-1 sold out), Englehard (-4)
  • 100 ozt silver bars - from 330 to 345. RCM (+35), JM "new" (-3), JM secondary market (-13 sold out), Englehard "struck" (-5)
Sales volume continues to be strong for 10ozt gold.
 

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The following report details changes from 1/16 @ ~7am to 1/17 @ ~8am:
  • 10 ozt gold bars - from 70 to 70.
  • 1 ozt gold bars - from 4789 to 4814. Apmex (-5), Pamp (-27), Pamp YotD (-12), Credit Suisse (-22), Perth (-4), Heraeus (-2), Argor-Heraeus (-1), generic with assay (-3), generic without assay (+4), RCM (+97)
  • 100 ozt silver bars - from 345 to 587. Apmex (+244), RCM (+4), JM "new" (-4), JM secondary market (+4), generic secondary market (-5)
 

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The following report details changes from 1/17 @ ~8am to 1/18 @ ~8am:
  • 10 ozt gold bars - from 70 to 58. Pamp (-8), JM "poured" (-4)
  • 1 ozt gold bars - from 4814 to 4599. Apmex (-10), Pamp (-28), Pamp YotD (-7), Credit Suisse (-110), Perth (-8), generic with assay (-23), RCM (-29)
  • 100 ozt silver bars - from 587 to 528. RCM (-5), JM "new" (-58), JM secondary market (+6), Englehard secondary market (-3), Englehard "struck" (+2), generic secondary market (-2)
Sales volume looks fairly strong. Apmex also lowered the premiums for many of their 100ozt silver offerings by $.10-.20.
 

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It's been 4 days since the last report.

The following report details changes from 1/18 @ ~8am to 1/22 @ ~7am:
  • 10 ozt gold bars - from 58 to 54. Pamp (-2), JM "poured" (-1), Credit Suisse (-1 sold out)
  • 1 ozt gold bars - from 4599 to 4240. Apmex (-59), Pamp (-109), Pamp YotD (-9), Credit Suisse (-104), Perth (-7), Argor-Heraeus (-7), generic with assay (-30), RCM (-15), generic without assay (-3), Sunshine V2 (-15), Englehard (-1)
  • 100 ozt silver bars - from 528 to 594. Apmex (-7), RCM (+72), JM "new" (+7), JM secondary market (-3), Englehard secondary market (+5), JM "vintage pressed" (+3), JM "matching serial #" (+3), generic secondary market (-14)
 

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The following report details changes from 1/22 @ ~7am to 1/23 @ ~7am:
  • 10 ozt gold bars - from 54 to 57. Pamp (-4), Perth (-3), JM "poured" (+13), JM "pressed" (-3)
  • 1 ozt gold bars - from 4240 to 4049. Apmex (+34), Pamp (-90), Pamp YotD (-1 sold out), Credit Suisse (-54), Perth (-30), Heraeus (-2), Argor-Heraeus (-4), generic with assay (-33), RCM (-10), generic without assay (-1 sold out)
  • 100 ozt silver bars - from 594 to 657. Apmex (-6), RCM (-6), JM "new" (+49), JM secondary market (-7 sold out), Englehard secondary market (+7), CMI (-2 sold out), generic secondary market (+30)
For all the news about tightness in the physical market, Apmex has managed to increase their inventory substancially in the last week or so.

Apmex usually carries a number of categories of 100ozt silver bars with just 1-5 bars available (each category). These bars generally have much higher premiums than the current production "name brand" bars. Over the last year or so, I see the inventory for these bars fluctuate very little. When the inventory does change, I think it's a pretty strong indication that the changes are due to customers buying and selling them (ie. Apmex is not sourcing them from a wholesaler). This last report saw a number of them disappear from Apmex's inventory. If my interpretation is correct, the deep pocket buyers may be indicating a belief that the bottom is in for silver and it's going up.
 

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The following report details changes from 1/23 @ ~7am to 1/24 @ ~8am:
  • 10 ozt gold bars - from 57 to 69. Pamp (-2), Perth (+15), JM "poured" (-1)
  • 1 ozt gold bars - from 4049 to 4004. Apmex (+15), Pamp (-30), Credit Suisse (-7), Perth (-8), Heraeus (-1), Argor-Heraeus (-1), generic with assay (+8), RCM (-14), Sunshine V2 (-7)
  • 100 ozt silver bars - from 657 to 548. Apmex (-10), RCM (-30), JM "new" (-37), Englehard secondary market (-21), generic secondary market (-12)
Apmex advertises that the RCM 100ozt silver has a delivery date of January 30 which I presume indicates that the inventory available for sale is not actually in stock - just on order from the mint. If that's true, their actual on hand (in stock) inventory is 399 bars, not 548. There was some extremely large sales volume over the last ~24 hours for 100ozt silver.
 

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The following report details changes from 1/24 @ ~8am to 1/25 @ ~9am:
  • 10 ozt gold bars - from 69 to 87. Pamp (+18)
  • 1 ozt gold bars - from 4004 to 3841. Apmex (-2), Pamp (-74), Credit Suisse (-29), Perth (-7), Argor-Heraeus (-4), generic with assay (-36 sold out), RCM (-10), Sunshine V2 (-1)
  • 100 ozt silver bars - from 548 to 532. Apmex (-4), RCM (-14), JM "new" (-6), JM "vintage pressed" (+2), Englehard "struck" (+2), MG Crown (+2), JM "matching serial #s" (+2)
 

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It's been 3 days since the last report.

The following report details changes from 1/25 @ ~9am to 1/28 @ ~7am:
  • 10 ozt gold bars - from 87 to 81. Pamp (-2), Perth (-2), generic no assay (-2)
  • 1 ozt gold bars - from 3841 to 3590. Apmex (-14), Pamp (-75), Credit Suisse (-101), Perth (-19), Argor-Heraeus (-3), RCM (-36), Sunshine V2 (-2)
  • 100 ozt silver bars - from 532 to 492. Apmex (-2), RCM (-7), JM "new" (-7), generic secondary market (-21 sold out), Englehard secondary market (-1 sold out), Englehard "struck" (-2)
Looks like strong sales volume overall through the weekend.
 

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The following report details changes from 1/28 @ ~7am to 1/29 @ ~7am:
  • 10 ozt gold bars - from 81 to 79. JM "poured" (-1), JM "pressed" (-1)
  • 1 ozt gold bars - from 3590 to 3657. Apmex (+98), Pamp (+185), Credit Suisse (-93), Perth (-51), Heraeus (-3), Argor-Heraeus (-5), RCM (-59), Sunshine V2 (-5)
  • 100 ozt silver bars - from 492 to 525. Apmex (-8), RCM (-7), JM "new" (-7), generic secondary market (+13), Englehard secondary market (+5), JM secondary market (+37)
Even though Apmex restocked a bit, it appears like sales volume continued to be strong.
 

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The following report details changes from 1/29 @ ~7am to 1/30 @ ~7am:
  • 10 ozt gold bars - from 79 to 89. Apmex (+20), Pamp (-9), Perth (-1)
  • 1 ozt gold bars - from 3657 to 3767. Apmex (-10), Pamp (-23), Pamp YotD (+167), Credit Suisse (-7), Perth (-7), RCM (-10)
  • 100 ozt silver bars - from 525 to 611. Apmex (-12), RCM (+10), JM "new" (+48), generic secondary market (-1), Englehard secondary market (+39), JM secondary market (-2), Englehard "struck" (+3)
Apmex is now offering their own brand of 10ozt gold bar. This is the first time I've ever seen this offered.

They also added a new batch of the Pamp Year of the Dragon 1ozt gold bars, but they list them as February 8 delivery so they aren't actually in stock at the moment.

Overall, it looks like sales volume was pretty flat yesterday. Apmex restocked a bit.
 

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The following report details changes from 1/30 @ ~7am to 1/31 @ ~8am:
  • 10 ozt gold bars - from 89 to 82. Pamp (-7)
  • 1 ozt gold bars - from 3767 to 3725. Apmex (-3), Pamp (-27), Pamp YotD (-1), Credit Suisse (-64), Perth (-1), Heraeus( +6), Argor-Heraeus (+8), RCM (-1), generic with assay (+23), generic no assay (+18)
  • 100 ozt silver bars - from 611 to 601. Apmex (-6), RCM (-14), JM "new" (-4), JM secondary market (+10), Englehard "struck" (+4)
 

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The following report details changes from 1/31 @ ~8am to 2/1 @ ~8am:
  • 10 ozt gold bars - from 82 to 93. Pamp (+11)
  • 1 ozt gold bars - from 3725 to 3649. Apmex (+20), Pamp (-34), Credit Suisse (-53), Perth (-5), Heraeus (-1), Scotiabank (+2), RCM (-3), generic with assay (-23 sold out), generic no assay (+21)
  • 100 ozt silver bars - from 601 to 527. Apmex (-25), RCM (-14), JM "new" (-7), Englehard secondary market (-27)

Strong sales volume for 100ozt silver.
 

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It's been 3 days since the last report.

The following report details changes from 2/1 @ ~8am to 2/4 @ ~7am:
  • 10 ozt gold bars - from 93 to 91. Perth (-1), JM (-1)
  • 1 ozt gold bars - from 3649 to 3454. Apmex (-6), Pamp (-48), Pamp YotD (-5), Credit Suisse (-94), Perth (-26), Scotiabank (-2 sold out), RCM (-7), generic no assay (-7)
  • 100 ozt silver bars - from 527 to 638. Apmex (+80), RCM (+38), JM secondary market (-6), Englehard "struck" (-2)
 

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The following report details changes from 2/4 @ ~7am to 2/5 @ ~8am:
  • 10 ozt gold bars - from 91 to 99. JM (+8)
  • 1 ozt gold bars - from 3454 to 3389. Apmex (+41), Pamp (-15), Credit Suisse (-81), Perth (-3), RCM (-5), generic no assay (-1)
  • 100 ozt silver bars - from 638 to 611. Apmex (-9), RCM (-4), JM "new" (-2), Englehard secondary market (-6), JM secondary market (-3), Englehard "struck" (-1)
 

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The following report details changes from 2/5 @ ~8am to 2/6 @ ~7am:
  • 10 ozt gold bars - from 99 to 96. Perth (-2), generic no assay (-1)
  • 1 ozt gold bars - from 3389 to 3277. Apmex (-6), Pamp (-49), Pamp YotD (-11), Credit Suisse (-24), Perth (-3), RCM (-8), generic no assay (-10)
  • 100 ozt silver bars - from 611 to 587. Apmex (-2), RCM (-3), JM "new" (-4), Englehard secondary market (-1), JM secondary market (-11), Englehard "first generation" (-1), Omega (-1 sold out), JM "Canada" (-1 sold out)
 

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The following report details changes from 2/6 @ ~7am to 2/7 @ ~7am:
  • 10 ozt gold bars - from 96 to 93. Perth (-2), Pamp (-1)
  • 1 ozt gold bars - from 3277 to 3232. Apmex (-3), Pamp (-27), Pamp YotD (-2), Credit Suisse (-7), Perth (-1), RCM (-3), Sunshine V2 (-2)
  • 100 ozt silver bars - from 587 to 573. Apmex (-1), RCM (-11), JM secondary market (-5)
Sales volume for 1ozt gold and 100ozt silver was very weak yesterday.
 

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The following report details changes from 2/7 @ ~7am to 2/8 @ ~7am:
  • 10 ozt gold bars - from 93 to 96. Perth (-2), JM "poured" (-2), Pamp (-6), generic no assay (+7), Credit Suisse (+6)
  • 1 ozt gold bars - from 3232 to 3234. Apmex (+53), Pamp (-6), Pamp YotD (+27), Credit Suisse (-94), Perth (-9), RCM (-5), Sunshine V2 (+7), generic no assay (+29)
  • 100 ozt silver bars - from 573 to 649. Apmex (-2), Apmex "IRA" (+47), RCM (+16), JM "new" (-1), generic secondary market (-3), Englehard secondary market (-1), JM secondary market (+22), Englehard "struck" (-9 sold out), Sunshine (+7)
This was a strange report. Lot's of volatility. Looks like Apmex shuffled some inventory around (from brand name to generic or vice versa) and sales volume was very weak again.
 

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It's been 3 days since the last update.

The following report details changes from 2/8 @ ~7am to 2/11 @ ~7am:
  • 10 ozt gold bars - from 96 to 103. Pamp (+9), Apmex (-1), Credit Suisse (-1)
  • 1 ozt gold bars - from 3234 to 3051. Apmex (-4), Pamp (-32), Pamp YotD (-3), Credit Suisse (-107), Perth (-15), Heraeus (-1), Argor-Heraeus (-2), RCM (-18), generic no assay (-1)
  • 100 ozt silver bars - from 649 to 592. Apmex (-8), Apmex "IRA" (-5), RCM (-4), JM "new" (-3), generic secondary market (-3), Englehard secondary market (+4), JM secondary market (-38), Englehard "struck" (+5), Sunshine (-2)
Fairly strong sales volume in 1ozt gold and 100ozt silver for a weekend.
 

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The following report details changes from 2/11 @ ~7am to 2/12 @ ~8am:
  • 10 ozt gold bars - from 103 to 95. Pamp (-11), Apmex (-3), Perth (-3), generic no assay (-1), Credit Suisse (+10)
  • 1 ozt gold bars - from 3051 to 2098. Apmex (-30), Pamp (-56), Pamp YotD (-14), Credit Suisse (-835), Perth (-2), Heraeus (-3), Argor-Heraeus (-3), RCM (-39), generic no assay (+49), Sunshine V2 (-6), Englehard (-4 sold out)
  • 100 ozt silver bars - from 592 to 549. Apmex (-9), RCM (-15), JM "new" (-18), Englehard secondary market (+4), JM secondary market (-2), Sunshine (-2)
Strong sales volume continued in 100ozt silver, but HUGE sales volume in gold. Apmex sold off 1/4 of their 10ozt gold bar inventory and 1/3 of their 1ozt gold bar inventory in the last 24 hours! Looks like deep pockets BTFD.
 

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The following report details changes from 2/12 @ ~8am to 2/13 @ ~8am:
  • 10 ozt gold bars - from 95 to 89. Pamp (-6)
  • 1 ozt gold bars - from 2098 to 1806. Apmex (+150), Pamp (-17), Pamp YotD (-2), Credit Suisse (-424), Perth (-8), Heraeus (-20), RCM (-1), generic no assay (+30)
  • 100 ozt silver bars - from 549 to 547. Apmex (-5), RCM (-5), JM "new" (-5), generic secondary market (-1), JM secondary market (+16), Sunshine (-2)
Apmex inventory of 1ozt gold showed another big reduction, but most of it occured with Credit Suisse bars. It doesn't look to me like it was retail buying (I would expect to have seen correlated reductions in other brands if it were). Is Apmex offloading the metal wholesale to other dealers?
 

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The following report details changes from 2/13 @ ~8am to 2/14 @ ~7am:
  • 10 ozt gold bars - from 89 to 88. Perth (-1)
  • 1 ozt gold bars - from 1806 to 2162. Apmex (-15), Pamp (+354), Pamp YotD (-9), Credit Suisse (-66), Perth (-15), Heraeus (-2), Argor-Heraeus (-2), RCM (-26), generic no assay (-11), Sunshine V2 (+148)
  • 100 ozt silver bars - from 547 to 576. Apmex (+43), RCM (-7), JM "new" (-8), generic secondary market (+13), JM secondary market (-11), Englehard "struck" (-5 sold out), Englehard secondary market (+7), Englehard "bull logo" (-2 sold out), JM "matching serial #" (-4 sold out)
 

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The following report details changes from 2/14 @ ~7am to 2/15 @ ~8am:
  • 10 ozt gold bars - from 88 to 83. Pamp (-5)
  • 1 ozt gold bars - from 2162 to 1951. Apmex (-42), Pamp (-66), Pamp YotD (-7), Credit Suisse (-40), Perth (-21), Heraeus (+6), Argor-Heraeus (+7), RCM (-6), generic no assay (-34), Sunshine V2 (-8)
  • 100 ozt silver bars - from 576 to 598. Apmex (-9), RCM (-15), JM "new" (+38), generic secondary market (+10), JM secondary market (+6), Englehard "first generation" (-3 sold out), Englehard secondary market (-3), Englehard "gold standard" (-2 sold out)
 

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I don't usually do reports over the weekend, but I wanted to see what was happening since the metals (spot pricce) got hammered yesterday.

The following report details changes from 2/15 @ ~8am to 2/16 @ ~8am:
  • 10 ozt gold bars - from 83 to 119. Pamp (+25), Perth (-2), Apmex (-6), JM (-4), generic no assay (-1), Credit Suisse (+22)
  • 1 ozt gold bars - from 1951 to 2781. Apmex (-70), Pamp (+296), Pamp YotD (-38), Credit Suisse (+426), Perth (+278), Heraeus (-3), Argor-Heraeus (-4), RCM (-16), generic no assay (-23), Sunshine V2 (-16)
  • 100 ozt silver bars - from 598 to 550. Apmex (-14), Apmex "IRA" (-3), RCM (-17), JM "new" (-13), generic secondary market (-1), JM secondary market (-9), JM "vintage pressed" (-2), Englehard secondary market (-21 sold out), Golden Analytical (-1 sold out), Sunshine (-1 sold out)
I expected to see greater volatility than usual for a Friday/weekend, but this was pretty surprising. Apmex restocked gold bars heavily in their major (best selling) brands, but there was still evidence of strong buying volume. They were less successful in restocking silver bars and sales volume was very strong there as well.
 
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