Online dealers are offering free-shipping one after another:
First comes JM Bullion; then is APMEX, now is Provident's turn.
What's going on?
Reason is very simple. Retail demand for physical is collapsing nationwide. Online dealers start to fight each other for small orders now.
What's next?
Commercial traders are sitting on mountains of short position against gold----------- Dealers are desperately trying to reduce their inventory------------
Quote: Reason is very simple. Retail demand for physical is collapsing nationwide. Online dealers start to fight each other for small orders now.
Does the physical demand really drive the spot prices? I believe the 'paper' market is much larger and trades at such a higher volume. Wouldn't it make since for that 'paper' market (if you can separate them out like that) to be the main driver of spot prices?
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