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 Replies: 17 / Views: 3,693 |
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Pillar of the Community
United States
586 Posts |
I have noticed if APMEX starts promotional special on gold coins; that's usually when gold spot peaks. Amazingly accurate for the past three years; if you want to back-test this sign. By the way, APMEX has been rolling out more and better specials recently; I am deeply worried.  |
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Bedrock of the Community
United States
10982 Posts |
Now APMEX controls the spot price of precious metals? Darn it! I only had Wall Street to worry about until now.  |
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Pillar of the Community
United States
7390 Posts |
I've noticed that too with the mcm ebay ASE 24hr sales. Seems like the next day there's a dip. They know something! |
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Pillar of the Community
 United States
586 Posts |
Not necessarily controlling, APMEX seems to have a crystal ball on gold spot price. Even I fell into the trap twice last year; because the deal was too good to refuse. Just to find out, it wasn't a deal several days later. LOL |
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Pillar of the Community
United States
586 Posts |
@Cascade, You're right. So I develop a strategy on this situation. Which is, stay put when specials rolled out; and wait patiently for any sudden drop, you know sometimes unexpected things do happen. If nothing happens, I am not buying. That's the rule |
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Pillar of the Community
United States
7390 Posts |
Keep an eye out leon and report asap if you find a killer deal please. I gradded somw gettysburg on that las deal but I'm kicking myself for not buying 10 Bombay hooks when that $88 deal went down Edit: I don't suppose anyone here got a monster and wants to sell a roll for $90 per  Edited by Cascade
10/02/2015 10:35 pm
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Pillar of the Community
United States
586 Posts |
Today, one of my most reliable indicator lights up: APMEX 90% Junk Silver Special. Almost every time this happened, Silver took a deep dive for weeks to come. Signal reliability is as high as 100%; I have never seen it failed before. |
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Pillar of the Community
United States
7390 Posts |
Ya, I'm getting a good feeling today being glad I waited and didn't buy yesterday. I am picking up a few unc bombay hooks tommorow though but that's a numi buy
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Pillar of the Community
United States
586 Posts |
As I am writing, Silver futures made a nosedive from 16.08/oz to 15.76/oz.
Wow, talking about reliable indicator.
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Pillar of the Community
United States
7390 Posts |
Wow leon, it's happening already lol. Silver is down .40c in after hours.
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Pillar of the Community
United States
7390 Posts |
Hey, don't simul-post me  |
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Pillar of the Community
United States
586 Posts |
@Cascade,
100% reliable indicator indeed; LOL
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Valued Member
United States
61 Posts |
Leon you seem to be on to something, I will be watching your post and seller deals in my future buying.
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Pillar of the Community
United States
5838 Posts |
It's going to be hard to find bargain for a while, as soon as price of silver drops, so do the premium rises, vice verse, price of silver goes up and premium drops a little so that it attract buyers with the basic same price.
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Pillar of the Community
United States
586 Posts |
Provident Metals are promoting gold & silver bullion specials at wholesale price; APMEX is advertizing hard, as well. Gold and Silver spot prices might reach a top within next week. |
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Pillar of the Community
United States
586 Posts |
Another warning sign flashes: As of Tuesday Oct 6, Silver futures weekly report showed Commercial Traders increased their short position significantly, so that their short/long ratio reached a stunning 2:1. This type of ratio usually showed up whenever Silver spot price was at its midterm tops. |
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Replies: 17 / Views: 3,693 |
Posted 10/02/2015 9:51 pm
