Physical gold and silver inventory watch 2013

pmbug

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The following report details changes from 2/16 @ ~8am to 2/17 @ ~8am:
  • 10 ozt gold bars - from 119 to 119.
  • 1 ozt gold bars - from 2781 to 2712. Apmex (-4), Pamp (-25), Pamp YotD (-2), Credit Suisse (-23), Perth (-6), Heraeus (-1), RCM (-2), generic no assay (-4), Sunshine V2 (-2)
  • 100 ozt silver bars - from 550 to 522. Apmex (-3), Apmex "IRA" (-2), RCM (-12), JM "new" (-4), generic secondary market (-4), JM secondary market (-1), JM "vintage pressed" (-2)
Low sales volume in gold as I would expect to see on a normal Saturday. Still fairly strong sales volume in 100ozt silver bars though (for a Saturday).
 

ancona

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I'll be curious to see the action tonight in Asia after the totally uncalled for smash down we got last week. I think the sharks are circling, Chinese sharks.
 

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The following report details changes from 2/17 @ ~8am to 2/18 @ ~7am:
  • 10 ozt gold bars - from 119 to 108. Pamp (-6), Credit Suisse (-5)
  • 1 ozt gold bars - from 2712 to 2606. Apmex (-11), Pamp (-48), Pamp YotD (-14), Credit Suisse (-14), Perth (-9), Heraeus (-2), Argor-Heraeus (-1), RCM (-2), generic no assay (-4), Sunshine V2 (-1)
  • 100 ozt silver bars - from 522 to 497. Apmex (-6), Apmex "IRA" (-1), RCM (-1), JM "new" (-2), generic secondary market (-11), JM secondary market (-3 sold out), JM "vintage pressed" (-1)
I didn't expect to see much sales volume for a Sunday reporting period, but there was pretty strong sales volume in all products.
 

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The following report details changes from 2/18 @ ~7am to 2/19 @ ~7am:
  • 10 ozt gold bars - from 108 to 105. Pamp (-2), Perth (-1)
  • 1 ozt gold bars - from 2606 to 2367. Apmex (-53), Pamp (-97), Pamp YotD (-3), Credit Suisse (-62), Perth (-6), Argor-Heraeus (-2), RCM (-5), generic no assay (-10), Sunshine V2 (-1)
  • 100 ozt silver bars - from 497 to 487. Apmex (-1), RCM (-7), generic secondary market (-2)
Strong sales volume in 1ozt gold.
 

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The following report details changes from 2/19 @ ~7am to 2/20 @ ~7am:
  • 10 ozt gold bars - from 105 to 99. Pamp (-4), Perth (-2)
  • 1 ozt gold bars - from 2367 to 2251. Apmex (-22), Pamp (-50), Pamp YotD (+54), Credit Suisse (-36), Perth (-17), RCM (-7), generic no assay (-15), Sunshine V2 (-13)
  • 100 ozt silver bars - from 487 to 428. Apmex (-17), RCM (-21), JM "new" (-11), generic secondary market (-10 sold out), Englehard secondary market (+1), JM secondary market (+2), JM "vintage pressed" (-3 sold out)
Healthy sales volume all around.
 

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The following report details changes from 2/20 @ ~7am to 2/21 @ ~6am:
  • 10 ozt gold bars - from 99 to 116. Pamp (+13), Perth (+9), Credit Suisse (-5)
  • 1 ozt gold bars - from 2251 to 2453. Apmex (+77), Pamp (+183), Pamp YotD (-34), Credit Suisse (+84), Perth (-54), Heraeus (-11), Argor-Heraeus (-6), RCM (+38), generic no assay (-18 sold out), Sunshine V2 (-57)
  • 100 ozt silver bars - from 428 to 375. Apmex "struck" (-20), Apmex "IRA" (-35 sold out), RCM (+19), JM "new" (-14), Englehard secondary market (-1 sold out), JM secondary market (-2 sold out), JM "vintage pressed" (+1), Academy (-1 sold out)
Looks like Apmex restocked gold (not silver) quite a bit on the dip, but in the brands where they didn't, there was evidence of strong sales volume.
 

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The following report details changes from 2/21 @ ~7am to 2/22 @ ~6am:
  • 10 ozt gold bars - from 116 to 106. Pamp (-6), Perth (-4)
  • 1 ozt gold bars - from 2453 to 2207. Apmex (-8), Pamp (-109), Pamp YotD (+37), Credit Suisse (-99), Perth (-16), Argor-Heraeus (-16), RCM (-31), Sunshine V2 (-4)
  • 100 ozt silver bars - from 375 to 410. Apmex (-6), RCM (+5), JM "new" (+27), Englehard secondary market (+10), JM "vintage pressed" (-1 sold out)
The (10) Englehard secondary market 100ozt silver bars are listed as "pre-sale" with a shipping date of Feb. 27 (ie. they are not actually in stock).

Also, I checked and Tulving is completely sold out of 90% silver.
 

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It's been 3 days since the last report.

The following report details changes from 2/22 @ ~6am to 2/25 @ ~7am:
  • 10 ozt gold bars - from 106 to 116. Pamp (+2), Perth (-2), Apmex (-1), Credit Suisse (+11)
  • 1 ozt gold bars - from 2207 to 2297. Apmex (-17), Pamp (-110), Pamp YotD (-20), Credit Suisse (-105), Perth (+80), Argor-Heraeus (-1), RCM (+179), Sunshine V2 (-11), Scotiabank (+50), generic no assay (+45)
  • 100 ozt silver bars - from 410 to 350. Apmex (-26), RCM (-5), JM "new" (-32), Englehard secondary market (-2), JM secondary market (+2), Englehard "first generation" (+2), US Assay Office (-1 sold out), Englehard "bull logo" (+2)
Looks like strong sales volume for a weekend (even with Apmex's restocking of gold inventory). Very strong sales for silver bars.

Apmex raised premiums on the major brand 100ozt silver bars from $.10 to $.20 per ounce.

As noted in another thread, Tulving is currently sold out of JM and Englehard 100ozt silver bars.
 

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The following report details changes from 2/25 @ ~7am to 2/26 @ ~9am:
  • 10 ozt gold bars - from 116 to 98. Pamp (-12), Perth (-2), JM "poured" (-2), JM "pressed" (+3), Credit Suisse (-5)
  • 1 ozt gold bars - from 2297 to 2433. Apmex (-14), Pamp (+40), Pamp YotD (-9), Credit Suisse (-71), Perth (-15), Argor-Heraeus (-3), RCM (+196), Sunshine V2 (-7), Scotiabank (-2), generic no assay (+22)
  • 100 ozt silver bars - from 350 to 336. Apmex (-14), RCM (+20), JM "new" (-15), Englehard secondary market (-1), JM secondary market (-2 sold out), Englehard "bull logo" (-1), MG Crown (-1)
Very strong sales for 10 ozt gold. Deep pockets are buying the dip.
 

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The following report details changes from 2/26 @ ~9am to 2/27 @ ~8am:
  • 10 ozt gold bars - from 98 to 127. Pamp (+30), JM "pressed" (-1)
  • 1 ozt gold bars - from 2433 to 2283. Apmex (-21), Pamp (-16), Pamp YotD (-6), Credit Suisse (-73), Argor-Heraeus (-10), RCM (-11), Sunshine V2 (-3), generic no assay (-13)
  • 100 ozt silver bars - from 336 to 371. Apmex (-3), Apmex "IRA" (+5), RCM (-10), JM "new" (+27), Englehard secondary market (+7), JM secondary market (+9)
 

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The following report details changes from 2/27 @ ~8am to 2/28 @ ~8am:
  • 10 ozt gold bars - from 127 to 125. Perth (-2)
  • 1 ozt gold bars - from 2283 to 2151. Apmex (-24), Pamp (-31), Pamp YotD (-12), Credit Suisse (-19), Perth (-13), Argor-Heraeus (-2), Scotiabank (-6), RCM (-8), Sunshine V2 (-10), generic no assay (-6)
  • 100 ozt silver bars - from 371 to 359. Apmex (-33), Apmex "IRA" (-1), RCM (-10), JM "new" (+33), generic secondary market (+5), Englehard secondary market (+4), JM secondary market (-9 sold out), Englehard "bull logo" (-1 sold out)
Strange coincidence in the 100ozt silver with Apmex and JM "new" on flip sides of 33. Either Apmex had an inventory correction (mistaken identification of 33 bars), or there was decent sales volume on the day.
 

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The following report details changes from 2/28 @ ~8am to 3/1 @ ~8am:
  • 10 ozt gold bars - from 125 to 111. Perth (-5), Apmex (-1), generic no assay (-1), Credit Suisse (-7)
  • 1 ozt gold bars - from 2151 to 1860. Apmex (-30), Pamp (-81), Pamp YotD (-5), Credit Suisse (-120), Perth (-24), Scotiabank (-2), RCM (-9), Englehard (-3 sold out), generic no assay (-16)
  • 100 ozt silver bars - from 359 to 402. Apmex (+22), Apmex "IRA" (-2), RCM (+24), JM "new" (-11), generic secondary market (-5 sold out), Englehard secondary market (-4), JM secondary market (+19), Englehard "first generation" (-1), RCM "old style" (+1)
Huge sales volume in gold bars.
 

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It's been 3 days since the last report.

The following report details changes from 3/1 @ ~8am to 3/4 @ ~9am:
  • 10 ozt gold bars - from 111 to 120. Apmex (-4), JM "poured" (-1), Credit Suisse (+14)
  • 1 ozt gold bars - from 1860 to 2686. Apmex (-30), Pamp (-133), Pamp YotD (+62), Credit Suisse (-41), Perth (-44), Heraeus (-25), Argor-Heraeus (-3), Scotiabank (-2), RCM (-6), generic with assay (+3), generic no assay (+29), Sunshine V2 (+1016)
  • 100 ozt silver bars - from 402 to 339. Apmex (-36), Apmex "IRA" (-2 sold out), RCM (-7), JM "new" (-3), Englehard secondary market (-10), JM secondary market (-4), RCM "old style" (-1 sold out)
Apmex restocked a bit, but there was still evidence of very strong sales volume over the weekend.
 

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The following report details changes from 3/4 @ ~9am to 3/5 @ ~7am:
  • 10 ozt gold bars - from 120 to 141. Perth (+23), generic no assay (-1), Credit Suisse (-1)
  • 1 ozt gold bars - from 2686 to 3184. Apmex (-23), Pamp (+469), Pamp YotD (-6), Credit Suisse (-37), Perth (+198), Heraeus (+50), Argor-Heraeus (+49), Scotiabank (+4), generic with assay (+1), Sunshine V2 (-207)
  • 100 ozt silver bars - from 339 to 335. Apmex (+25), RCM (-29), JM "new" (-4), Englehard secondary market (+5), JM secondary market (-1)
Looks ilke Apmex is aggressively restocking gold bar inventories.
 

ancona

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PMBug,
With gold in backwardation, I think we should be seeing gold fly out of the marketplace, but it simply isn't. What's up?
 

pmbug

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Actually, sales volume appears to be very strong right now (not so much yesterday, but on average over the last week or so). Apmex has been restocking aggressively though - restocking 500-1,000 ozts while selling 200ozt per day in the 1ozt bars and ~300ozts while selling ~50-100ozt per day in 10ozt bars (all numbers guestimated in my head - not calculated in the spreadsheet).

Apmex themselves appear to be BTFD. I know they supposedly hedge their inventory purchases, but if the price of gold rises from here, I imagine they have much greater profit potential on the gold they stock at lower prices. If we are about to begin the next leg up, I'd think they would want to stock up now.
 

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The following report details changes from 3/5 @ ~7am to 3/6 @ ~8am:
  • 10 ozt gold bars - from 141 to 128. Perth (-1), Apmex (+1), Pamp (-11), Credit Suisse (-2)
  • 1 ozt gold bars - from 3184 to 2837. Pamp (-89), Pamp YotD (+12), Credit Suisse (-56), Perth (-5), Scotiabank (-6), generic with assay (-4 sold out), Sunshine V2 (-193), RCM (-5)
  • 100 ozt silver bars - from 335 to 324. Apmex (-13), RCM (+4), JM "new" (-13), generic secondary market (+4), Englehard secondary market (-1), JM secondary market (+6), Englehard "struck" (+3), JM "and Mallory" (-1 sold out)
Very strong sales volume for both 1ozt and 10ozt gold bars continues. Decent sales volume in 100ozt silver bars, but they also restocked a bit of secondary market offerings.
 

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The following report details changes from 3/6 @ ~8am to 3/7 @ ~8am:
  • 10 ozt gold bars - from 128 to 137. JM "poured" (+9), Pamp (-12), Credit Suisse (-1), generic no assay (+13)
  • 1 ozt gold bars - from 2837 to 3209. Pamp (-29), Pamp YotD (-1), Credit Suisse (+438), Perth (-1), Argor-Heraeus (-2), Scotiabank (-2), generic no assay (-16), Sunshine V2 (-6), RCM (-2)
  • 100 ozt silver bars - from 324 to 318. Apmex (-9), RCM (+16), JM "new" (-2), JM secondary market (-11)
Sales volume finally ran out of steam (or just took a break?).
 

pmbug

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The following report details changes from 3/7 @ ~8am to 3/8 @ ~9am:
  • 10 ozt gold bars - from 137 to 132. JM "pressed" (-1), Pamp (-2), generic no assay (-2)
  • 1 ozt gold bars - from 3209 to 2990. Apmex (-11), Pamp (-75), Pamp YotD (-3), Credit Suisse (-97), Perth (-9), Heraeus (-1), Scotiabank (-2), generic no assay (-9), Sunshine V2 (-7), RCM (-5)
  • 100 ozt silver bars - from 318 to 280. Apmex (-16), RCM (-18), JM "new" (+6), generic secondary market (-4 sold out), JM secondary market (-9 sold out), Englehard secondary market (+2), JM "vintage pressed" (+1), Englehard "struck" (-1), JM & Mallory (+1)
Healthy sales volume across the board this time. Inventory of 100ozt silver bars is sub-300 again. It was last this low back on January 9 (two months ago).
 

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It's been 3 days since the last report.

The following report details changes from 3/8 @ ~9am to 3/11 @ ~9am:
  • 10 ozt gold bars - from 132 to 131. Pamp (-1)
  • 1 ozt gold bars - from 2990 to 2882. Apmex (+110), Pamp (-113), Pamp YotD (+44), Credit Suisse (-46), Perth (-11), Argor-Heraeus (-2), generic no assay (+1), Sunshine V2 (-82), RCM (-9)
  • 100 ozt silver bars - from 280 to 475. Apmex (+120), RCM (+27), JM "new" (+20), generic secondary market (+9), Englehard secondary market (+14), JM "vintage pressed" (-1 sold out), Englehard "first generation" (-1 sold out), Englehard "struck" (-2 sold out), JM & Mallory (-1 sold out)
As has been fairly typical in recent history, Apmex restocked a bit over the weekend while there were also indications of decent sales volume (especially in 1ozt gold).
 
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