Physical gold and silver inventory watch 2013

pmbug

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The following report details changes from 4/2 @ ~8am to 4/3 @ ~8am:
  • 10 ozt gold bars - from 161 to 152. Perth (-1), JM "pressed" (-1 sold out), Pamp (-3), Credit Suisse (-4)
  • 1 ozt gold bars - from 4693 to 3737. Apmex (-11), Pamp (-146), Pamp YotD (-5), Credit Suisse (-678), Perth (-19), Heraeus (-1), Scotiabank (-1), generic with assay (-26), generic no assay (-11), RCM (-8), Sunshine V2 (-50)
  • 100 ozt silver bars - from 263 to 186. Apmex (-6), RCM (-24), JM "new" (-31), Englehard secondary market (-10 sold out), Englehard "struck" (-3 sold out), Englehard "bull logo" (-2), JM "Canada" (-1)
Very strong sales volume across the board. Looks like people definitely BTFD yesterday!

For 1ozt gold, the 956 difference represents a 20% reduction in inventory in a single day.

In 100ozt silver, Apmex raised the premiums on RCM and JM "new" bars by $.10. Even so, they managed to sell ~30% of their inventory yesterday.

I also checked Tulving briefly this morning and they are sold out of 90% silver.
 

pmbug

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The following report details changes from 4/3 @ ~8am to 4/4 @ ~8am:
  • 10 ozt gold bars - from 152 to 148. Perth (-2), Apmex (-4), JM "poured" (+1), Pamp (-12), Credit Suisse (+13)
  • 1 ozt gold bars - from 3737 to 3679. Apmex (-29), Pamp (-127), Pamp YotD (-4), Credit Suisse (-77), Perth (+169), Heraeus (-2), Argor-Heraeus (+7), Scotiabank (-13), generic with assay (-4), generic no assay (+34), RCM (-6), Sunshine V2 (-6)
  • 100 ozt silver bars - from 186 to 331. Apmex (-15), RCM (+123), JM "new" (+35), Englehard secondary market (+3), Englehard "struck" (+1), Englehard "bull logo" (-1 sold out), JM "Canada" (-2 sold out), Credit Suisse (+1)
Looks like strong sales volume continued even as Apmex restocked inventory for all products.
 

pmbug

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The following report details changes from 4/4 @ ~8am to 4/5 @ ~8am:
  • 10 ozt gold bars - from 148 to 146. Perth (-1), Apmex (+4), Pamp (-3), Credit Suisse (-2)
  • 1 ozt gold bars - from 3679 to 3176. Apmex (-32), Pamp (-222), Pamp YotD (-11), Credit Suisse (-125), Perth (-32), Heraeus (-1), Argor-Heraeus (-2), Scotiabank (-1 sold out), generic with assay (-15), generic no assay (-20), RCM (-24), Sunshine V2 (-18)
  • 100 ozt silver bars - from 331 to 450. Apmex (-45), Apmex "IRA" (+21), RCM (+67), JM "new" (+71), Englehard secondary market (-3 sold out), Englehard "struck" (-1 sold out), JM secondary market (+8), Credit Suisse (+1)
Again it looks like strong sales volume continued (especially in 1ozt gold) even as Apmex restocked inventory for 10ozt gold and 100ozt silver.
 

swissaustrian

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LBMA forward rates have also dropped rapidly over the last two days, indicating dip buying by the big guys.
03-Apr-13 0.22500 0.24333 0.26000 0.30667 0.34833
04-Apr-13 0.19333 0.21167 0.23333 0.29000 0.33833
05-Apr-13 0.18000 0.20333 0.22833 0.28333 0.33167

China is on holiday yesterday and today. So they're not even in the market, at least not the private sector.
 

pmbug

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It's been 3 days since the last report.

The following report details changes from 4/5 @ ~8am to 4/8 @ ~8am:
  • 10 ozt gold bars - from 146 to 153. Apmex (-3), Pamp (+11), generic no assay (-1)
  • 1 ozt gold bars - from 3176 to 3289. Apmex (-36), Pamp (+398), Pamp YotD (-6), Credit Suisse (-78), Perth (-29), Argor-Heraeus (-97), generic with assay (-4), generic no assay (-28), RCM (-7)
  • 100 ozt silver bars - from 450 to 514 Apmex (+104), Apmex "IRA" (-12), RCM (-35), JM "new" (-21), generic secondary market (+16), Englehard secondary market (+12), Englehard "struck" (+1), JM secondary market (-1)
Apmex managed to increase inventory across all categories over the weekend. Even so, there is evidence of strong sales volume as well.
 

monad

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Hi, great info!

Sorry if I missed it somewhere but, I was wondering if anyone knew who the major distributors for these sites are and who supplies them? I know fidelitrade supplies many of them, and was wondering who else? Thanks.
 

pmbug

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Hi monad, welcome to the forum. :wave:

By "distributors", do you mean wholesalers/suppliers? As I understand it, there is a "wholesale market" that coin shops and dealers use to sell large quantites of metals to each other. Certain dealers (like Apmex) are authorized to buy bullion coins directly from the US Mint.

~~~

The following report details changes from 4/8 @ ~8am to 4/9 @ ~9am:
  • 10 ozt gold bars - from 153 to 146. Perth (-1), Pamp (-5), Credit Suisse (-1)
  • 1 ozt gold bars - from 3289 to 3215. Apmex (-14), Pamp (-18), Pamp YotD (-4), Credit Suisse (-124), Perth (-3), Argor-Heraeus (+99), generic no assay (-2), RCM (-7), Sunshine V2 (-1)
  • 100 ozt silver bars - from 514 to 460. Apmex (-6), Apmex "IRA" (-9 sold out), RCM (-14), JM "new" (-7), generic secondary market (-7), Englehard secondary market (-8), Englehard "struck" (-1 sold out), JM secondary market (-3), JM "Canada" (+1)
Looks like very strong sales volume for 10ozt gold and 100ozt silver. Apmex also raised the premiums on Englehard and Johnson Matthey "secondary market" 100ozt silver.
 

monad

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Hi, thanks for the warm welcome!

Yes, I was wondering who these certain dealers, who're able to buy directly fromt he US mint, were? I'm assuming the rest of the online retailers (i.e Blanchard, Lear Capital, etc...) purchase from APMEX and the other select few who can purchase direct from the mint?
 

pmbug

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... The United States Mint does not sell its bullion coins directly to the public. Instead, the United States Mint distributes the coins in bulk, through a network of official distributors called Authorized Purchasers who, in turn, sell them to secondary retailers.

To become a United States Mint Authorized Purchaser of gold, silver, or platinum bullion coins, your firm must meet certain financial and professional criteria. Click on the links below to review the criteria by metal type:
...
http://www.usmint.gov/consumer/?action=americanEagles

This page has a list from 2010. I couldn't find a more recent list:
...
There are a total of eight gold authorized purchasers, 12 for silver and six for platinum. Three firms are outside the United States.

They are:

• A-Mark Precious Metals of Santa Monica, Calif. It is authorized to purchase gold, silver and platinum.
• American Precious Metals Exchange, Inc., of Oklahoma City, Okla. Silver Eagles only.
• Coins ‘N’ Things, Inc., of Bridgewater, Mass. Gold, silver and platinum.
• Dillon Gage Inc. of Dallas, Texas. Silver only.
• Fidelitrade, Inc. of Wilmington, Del. Silver only.
• Jack Hunt Coin Broker, Inc., of Kenmore, N.Y. Silver only.
• MTB of New York. Gold, silver and platinum.
• Prudential Securities, Inc., of New York. Gold, silver and platinum.
• Scotia Mocatta of New York. Gold silver and platinum.
• The Gold Center of Springfield, Ill., Silver only.

There are two authorized gold and silver purchasers in Europe, Commerzbank International in Luxembourg and Deutsche Bank, A.G., in Germany.

The Far East has one authorized purchaser, Tanaka Kikinzoku Kogyo K.K. in Japan, which can buy gold and platinum.
http://numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=10699

Slightly newer (but still 2010) list: http://mintnewsblog.com/2010/12/us-mint-authorized-purchaser-list/
 

pmbug

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The following report details changes from 4/9 @ ~9am to 4/10 @ ~8am:
  • 10 ozt gold bars - from 146 to 145. JM "poured" (-1)
  • 1 ozt gold bars - from 3215 to 3313. Apmex (-24), Pamp (-23), Credit Suisse (+175), Perth (-23), generic no assay (-3), RCM (-2), Sunshine V2 (-2)
  • 100 ozt silver bars - from 460 to 402. Apmex (-4), RCM (-47), JM "new" (-16), generic secondary market (-2), Englehard secondary market (+6), JM secondary market (+5)
Sales volume for gold returned to earth (roughly normal/average volume) over the last 24 hours. Sales volume for 100ozt silver continues to be strong.
 

pmbug

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The following report details changes from 4/10 @ ~8am to 4/11 @ ~9am:
  • 10 ozt gold bars - from 145 to 136. Pamp (-8), Credit Suisse (-1)
  • 1 ozt gold bars - from 3313 to 3633. Apmex (+129), Pamp (+467), Pamp YoTD (-10), Credit Suisse (-136), Perth (-7), Heraeus (-1), generic no assay (-11), RCM (-107), Sunshine V2 (-4)
  • 100 ozt silver bars - from 402 to 341. Apmex (-15), RCM (-22), JM "new" (-13), generic secondary market (-7 sold out), Englehard secondary market (-1), JM secondary market (-9 sold out), Englehard "poured" (+1), Englehard "struck" (+3), RCM "old style" (+3), JM "Canada" (-1 sold out)
Strong sales volume in 10ozt gold and 100ozt silver. Lots of volatility in the 1ozt gold inventories. Not sure how to read it (ie. wholesale or retail activity?).
 

BigJim

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Tulving sold out of 90%,SAE's & Maples.


GOD BLESS OUR TROOPS!!!
 

pmbug

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Thanks BigJim. Sounds like a lot of dealers are out of SAEs (and Maples?) right now and the US Mint is having trouble keeping up with demand.

The following report details changes from 4/11 @ ~9am to 4/12 @ ~9am:
  • 10 ozt gold bars - from 136 to 134. Pamp (-2)
  • 1 ozt gold bars - from 3633 to 3283. Apmex (-3), Pamp (-195), Pamp YoTD (-5), Credit Suisse (-84), Perth (-51), generic no assay (-6), RCM (-1), Sunshine V2 (-5)
  • 100 ozt silver bars - from 341 to 294. Apmex (-4), RCM (-29), JM "new" (-16), generic secondary market (+6), Englehard secondary market (-4)
Strong sales volume in 1ozt gold and 100ozt silver.
 

MasterQ

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I had a standing order for the 50 gram pamp suise (poured) at apmex and it was down to 7 this morning.

I checked in this afternoon and they were all sold!

Yeah...the physical buyers are BUYING!!!!

Can't wait for your next update brother!

-Q
 

pmbug

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Can't wait for your next update brother!
Me either! I don't normally do updates on a weekend, but with the crazy action yesterday, I had to find out what happened....

The following report details changes from 4/12 @ ~9am to 4/13 @ ~9am:
  • 10 ozt gold bars - from 134 to 95. Pamp (-7), Perth (-11), Apmex (-2 sold out), Johnson Matthey "poured" (-2), generic no assay (-5), Credit Suisse (-12)
  • 1 ozt gold bars - from 3283 to 2210. Apmex (-67), Pamp (-930), Pamp YoTD (-45), Credit Suisse (+212), Perth (-137), Heraeus (-2), Argor-Heraeus (-5), generic with assay (-12), generic no assay (-5 sold out), RCM (-63), Sunshine V2 (-9)
  • 100 ozt silver bars - from 294 to 731. Apmex (+46), RCM (+207), JM "new" (+189), generic secondary market (-6 sold out), Englehard secondary market (+2), Englehard "first generation" (+1), Englehard "struck" (-1), Englehard "bull logo" (+2), RCM "old style" (-3 sold out)
Monster volume changes (for a 24 hour period relative to normal business) in all products. A couple of things I noticed:
  • Premiums did not change for gold bars. Apmex did raise the premiums on 100ozt silver by $.20/ozt (from 1.19/1.29 to 1.39/1.49)
  • It's possible that Apmex pulled inventory instead of selling it. Inventory changes may not reflect pure sales volume.
  • 10ozt gold inventory dropped ~29% in the last 24 hours.
  • 1ozt gold inventory dropped ~33%.
  • 100ozt silver inventory added ~149%.
 

BigJim

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I've talked to a number of people in the last 24 hours.
The report is that their LCS has almost NO product.
Very interesting times....



GOD BLESS OUR TROOPS!!!
 

bushi

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...looks like "the little men" are on the move, and that giant sucking sound, is them loading their boats... seems like there's preciously little impact, that the big boys are able to make on the physical market - seems like they are basically making a favor to all these, who wanna buy as much as they can, for as low as they can...

we will see how it all ends, but clearly, there will be blood in the gutters, one way or another... I don't think big boys will capitulate that easy, mark my words here (and fasten your seatbelts)...
 
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