Apmex Buying Over Spot "Incredible Demand"

I'm not sure what this means. The US government, for example, does not now produce any bullion, nor do they have any great hoard laying around from which they can produce the ASEs and AGEs. When they want to make coins, they have to buy PMs from the bullion banks. If there is a shortage at that time, then their purchase is delayed and so is their coin production. Since the US dollar is not now backed by silver or gold, it is now considered to be backed only by the productivity of the US economy and the government's ability to tax that production. Rising PM prices do not have an effect on the US dollar, rather it is the falling dollar that is putting upward price pressure on the PMs.

I don't see how one can include the term "reality" with a reference to inflation figures based on the US government and Fed numbers. Both of these entities are know to flat out lie about the rate of inflation present in the US. If they see more inflation than their models call for, they simply change their method of calculating inflation until it matches their desired rate. If they were to calculate the CPI in the SAME way that they did in the 1970s, for example, the current rate of inflation would be in the area of 9% and not the piddly 1.5-2% range that their fudged methodology produces. check the following for additional info:

http://allfinancialmatters.com/2010...lation-rate/
http://www.freerepublic.com/focus/f...625216/posts
http://www.shadowstats.com/

For some real insights into the true level US inflation rate, look no further than the value of the US dollar. The dollar is tied directly to the rate of inflation because massive over-printing of dollars is the primary cause of our inflation. We see this in the prices of the PMs but also in oil, coal, gas, cotton, sugar, wheat, corn, etc. All are priced in declining US dollars and all are up significantly. The government and the Fed have a history of ignoring things that are inflating while concentrating on the things that are not. This saves them beaucoup money on entitlement COLAs and makes their programs and them look better and more effective than they really are.

Yes Ed, and it was just not a drop to 44, but a gain back to 47, and then a fall back to 45 (some pretty odd price flux in a very short period of time, like silver changing a dollar in price either way in a matter of a minute or two), and seems to be planing out for a bit around 46 today....

I think Ayejay1974 called it earlier, there was some profit taking and some silver shares or bullion sold in big numbers, but perhaps it held around 45 thanks to the bull head stubborn folk like ourselves who refuse to sell any time soon....

Hopefully it will hold up there above 45 for a few more days.

Anyone tracking the spot price right now.

If the FED conference and announcement is any correlation to the PM price.... then we are in for a run on silver ($50 is just a blink of an eye)... $2.50/oz increase w/in 2hrs.

APMEX saw this coming!!

Gold will hit $1600 and silver will hit $50 soon enough. Getting hung up on day-to-day fluctuations is easy to do. In the long run it's good to own some PMs.

with both of these posts.

There does seem to be substantial price support in the $45 area for silver. Anytime there is a correction in the price of a commodity and the price bounces off of a higher low value like this, you know that the fundamentals support at least that new low price. It's good to see silver forming a new bottom at this level. Price support of this kind bodes well for silver prices to rise considerably more than they already have this year.

I just noticed that I have a 2000 ASE colored, and a 1999, as well as a 1995 and now a case ms69 1990. The local Southern Bullion have about ten more of the nicer case versions, and I plan to clean them out one at a time. Some are the first strikes as well, and I believe they cost a bit more....