Physical gold and silver inventory watch 2013

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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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