Physical gold and silver inventory watch 2013

[pmbug]

We noted here that the plunge in the paper price of gold (and silver) had prompted considerable renewed demand for physical and now it seems the scramble among the "more stable investor base" is increasing. The shake out of ETFs and futures has left the Australian mint short of deliverables and Japanese and Chinese gold retailers seeing a "frenzied" surge in demand. The customers are not just the 'rich' or 'elderly'; in China "they tend to wear water shoes and come directly from the market...;" in Australia, "the volume of business... is way in excess of double what we did last week,... there’s been people running through the gate," and Japanese individual investors doubled gold purchases yesterday at Tokuriki Honten, the country’s second-largest retailer of the precious metal. The panic selling by a weaker 'imminent inflation-based' investor base has sparked physical shortages - "there’s been significant sales made as people see this as great value." ...

More: http://www.zerohedge.com/news/2013-...s-china-japan-and-australia-scramble-physical

 

[pmbug]

Another 12 hour / evening update...

The following report details changes from 4/17 @ ~8am to 4/17 @ ~8pm:

• 10 ozt gold bars - from 49 to 71 [35 in stock]. Perth (+28), Pamp (-6)
• 1 ozt gold bars - from 4647 to 4328 [1261 in stock]. Pamp (-358), Pamp YoTD (+78), Credit Suisse (-267), Perth (+300), Heraeus (-4), Argor-Heraeus (-21), RCM (-47)
• 100 ozt silver bars - from 181 to 182 [84 in stock]. RCM (+74), JM "new" (-83), generic secondary market (+7), Englehard "struck" (+1), Englehard "bull logo" (+2)

Apmex lists the new Perth gold bars (both 10ozt and 1ozt) as in stock. They also list the new RCM 100ozt silver bars as in stock.

 

[BigJim]

Bug,
Appreciate the updates!
From Zerohedge:http://www.zerohedge.com/news/2013-04-17/us-mint-sells-record-63500-ounces-gold-one-day

PM's getting smoked as I type.


GOD BLESS OUR TROOPS!!!

 

[pmbug]

Another 12 hour / morning update...

The following report details changes from 4/17 @ ~8pm to 4/18 @ ~8am:

• 10 ozt gold bars - from 71 to 47 [14 in stock]. Perth (-21), Pamp (-3)
• 1 ozt gold bars - from 4328 to 4089 [1228 in stock]. Pamp (-69), Pamp YoTD (-6), Credit Suisse (-128), Perth (-22), Argor-Heraeus (-3), RCM (-9)
• 100 ozt silver bars - from 182 to 133 [10 in stock]. RCM (-41), JM "new" (-8), generic secondary market (+3), Englehard "struck" (-1 sold out), Englehard "bull logo" (-2 sold out)

Strong sales volume again for an overnight period. Apmex now lists the RCM 100ozt silver bars as future availability (ie. not in stock). It appears that the only significant stock of gold bars that Apmex has currently is Perth Mint gold.

 

[Unbeatable]

Another update from bullionbypost (UK biggest online bullion supplier)

They've gone from next day delivery to unprecedented 3 days then to 1 week and then they said because of unprecedented physical demand they're setting a minimum order amount of £500 as well, (+-$750), now the guys who up till last week could always offer next day delivery, are now extended the delivery time even further...

Record Orders!

Due to record orders we have had to set a temporary minimum order of £500. We are also unable to offer usual next day delivery. Orders will be dispatched ASAP in the order that funds are received. We expect to dispatch most orders within 2 weeks.

 

[pmbug]

The following report details changes from 4/18 @ ~8am to 4/19 @ ~8am:

• 10 ozt gold bars - from 47 to 21 [4 in stock]. Perth (-10), Pamp (-16)
• 1 ozt gold bars - from 4089 to 3291 [1021 in stock]. Pamp (-309), Pamp YoTD (-14), Credit Suisse (-248), Perth (-193), Heraues (-5), Argor-Heraeus (-5), RCM (-34)
• 100 ozt silver bars - from 133 to 0. RCM (-33 sold out), JM "new" (-90 sold out), generic secondary market (-10 sold out)

Strong sales volume continues for all categories. Premiums for gold bars still has not changed.

This is the first time ever (that I've seen) that Apmex is completely wiped out of 100 ozt silver.

 

[swissaustrian]

2 hours waiting in coin shop in Australia, according to radio report. 99% buyers, 1% sellers.
http://mpegmedia.abc.net.au/news/audio/pm/201304/20130418-pm8-goldfever.mp3

 

[Unbeatable]

Chinese Gold Exchange Sold Out - Begins Importing From Switzerland

Now we discover that the Chinese Gold & Silver Exchange Society has essentially sold out of gold bullion, and must wait until Wednesday for shipments to arrive from Switzerland and London.

http://www.zerohedge.com/news/2013-04-19/chinese-gold-exchange-sold-out-begins-importing-switzerland


Edit: I'm not sure if this is an unusual occurrence, 'Sold Out' might be a bit extreme but that is the title of the ZH piece.

 

[pmbug]

...
Aram Shishmanian, CEO, World Gold Council: "It has become increasingly clear over the course of the past week that the fall in the gold price was triggered by speculative traders operating in the futures markets. Their short-term view of generating a trading profit is in stark contrast to the views of long term investors in gold, as evidenced by the massive wave of physical gold buying that began over the weekend and accelerated following Monday's further decline.

The surge in gold purchases is spanning markets from India and China to the US, Japan and Europe. Buyers are viewing this as an opportunity to purchase gold at prices not seen in the past couple of years."

The World Gold Council is uniquely positioned in the gold market to get immediate feedback on market patterns. "We are already seeing shortages for bars and coins in Dubai, ...

More: http://m.economictimes.com/markets/...s-world-gold-council/articleshow/19630348.cms

 

[ancona]

I'm not sure what the Brotherhood of Darkness thought was going to happen with this enormous artificial smack-down. Naturally, everyone of us gold/silver bugs ran right out and bought up all the discount metals we could get our greedy little hands on.

 

[pmbug]

The following report details changes from 4/19 @ ~8am to 4/20 @ ~8am:

• 10 ozt gold bars - from 21 to 110 [96 in stock]. Perth (+43), Pamp (-3), Credit Suisse (+49)
• 1 ozt gold bars - from 3291 to 2780 [1026 in stock]. Pamp (-181), Pamp YoTD (-26), Credit Suisse (-298), Perth (+51), Heraeus (-2 sold out), Argor-Heraeus (-18 sold out), RCM (-37)
• 100 ozt silver bars - from 0 to 34. generic secondary market (+33), Englehard "bull logo" (+1)

Apmex again reloaded both gold bar categories with Perth Mint products. They appear to also have gotten some 10 ozt Credit Suisse bars and secondary market 100 ozt silver bars.

I finally saw the premiums for the gold bars rise - something I had been expecting all week. They raised the premiums on the 10 ozt and 1 ozt gold bars by $15/ozt (a roughly 50% premium increase across the board). They also more than doubled the premiums on the 100 ozt silver bars for the generic secondary market from $.89/$.99 per ozt to $1.89/$1.99 per ozt.

 

[Unbeatable]

Yesterday -

The premium for metal on the Shanghai Gold Exchange is up to as much as $10, in Turkey it’s almost $20 and in Asia it’s about $5, Bernard Sin, head of currency and metal trading at bullion refiner MKS (Switzerland) SA in Geneva, said today by e- mail. Last week, the premium was about $1 in Asia and Dubai, he said. “Physical demand is extraordinary,” he said.

http://www.sfgate.com/business/bloo...l-Demand-Said-to-Be-4448405.php#ixzz2R1A41kWj

 

[pmbug]

The following report details changes from 4/20 @ ~8am to 4/21 @ ~9am:

• 10 ozt gold bars - from 110 to 106 [95 in stock]. Pamp (-3), Credit Suisse (-1)
• 1 ozt gold bars - from 2780 to 2651 [971 in stock]. Pamp (-32), Pamp YoTD (-7), Credit Suisse (-38), Perth (-48), RCM (-4)
• 100 ozt silver bars - from 34 to 27. generic secondary market (-7)

Sales volume returned a bit closer to Earth on a Saturday (weekend). Maybe the raised premiums drove business to other dealers?

 

[pmbug]

The following report details changes from 4/21 @ ~9am to 4/22 @ ~8am:

• 10 ozt gold bars - from 106 to 99 [88 in stock]. Credit Suisse (-7)
• 1 ozt gold bars - from 2651 to 2562 [990 in stock]. Pamp (-70), Pamp YoTD (-12), Credit Suisse (-35), Perth (-64), Scotiabank (+95), RCM (-3)
• 100 ozt silver bars - from 27 to 0. generic secondary market (-26 sold out), Englehard bull logo (-1 sold out)

Apmex lowered the premium on the 1ozt gold that they have in stock (not listed as future availability) to $39.99/$49.99. The premium is higher for the 1 ozt gold bars they don't have in stock.

While they managed to get more 1 ozt gold (Scotiabank), they apparently aren't having as much luck sourcing 100 ozt silver. Their inventory is once again wiped out.

 

[Unbeatable]

Great article from Texas Metals on ZH

So to avoid further speculation, and focusing on fact, here is what the CEO of Texas Precious Metals has to say about the state of the actual physical market, not the one where one can create "gold" and "silver" out of thin air. The bottom line? "The physical silver market is, in a word, ugly" and more importantly, "Last week, we turned away business in excess of 100,000 ozs of silver because of stock depletion.

http://www.zerohedge.com/news/2013-...-market-and-inventory-update-source-word-ugly

As you all know, it has been a remarkable (and historic) week in the metals market, with metals prices falling precipitously. In the past two weeks, we have sold over 350,000 ozs of silver and 11,000 ozs of gold, which (as you can tell from our website) has placed an enormous strain on inventory levels, not to mention our loyal staff. As of today, we are completely sold out of silver

I want to extend a tremendous debt of gratitude to our vault and shipping staff, who continue to pull 18-hour days (working through the weekends) to meet our commitments to customers

 

[swissaustrian]

The futures curve is not (yet) in backwardation. That would be the ultimate confirmation of shortages.

 

[pmbug]

The following report details changes from 4/22 @ ~8am to 4/23 @ ~8am:

• 10 ozt gold bars - from 99 to 153 [79 in stock]. Perth (-7), Pamp (+63), Credit Suisse (-2)
• 1 ozt gold bars - from 2562 to 2255 [842 in stock]. Pamp (-54), Pamp YoTD (-17), Credit Suisse (-92), Perth (-129), Scotiabank (-2), RCM (-13)
• 100 ozt silver bars - from 0 to 45. Apmex (+45)

Strong sales volume continues. Apmex showing inventory for their own brand 100 ozt silver bars in stock (with a hefty $1.89/1.99 per ozt premium).

 

[pmbug]

The following report details changes from 4/23 @ ~8am to 4/24 @ ~8am:

• 10 ozt gold bars - from 153 to 148 [75 in stock]. Perth (-5), Pamp (-1), Englehard "loaf" (+1)
• 1 ozt gold bars - from 2255 to 2275 [783 in stock]. Pamp (-50), Pamp YoTD (-23), Credit Suisse (+234), Perth (-66), Scotiabank (-9), generic no assay (+39), RCM (-5)
• 100 ozt silver bars - from 45 to 5. Apmex (-45 sold out), Englehard secondary market (+5)

Sales volume for gold, while still strong, appears to be weaking a bit. Apmex is still having trouble maintaining any inventory of 100 ozt silver though. The premium on the Englehard secondary market bars jumped from $1.39/1.49 to $2.39/2.49 per ozt.

Looks like Tulving has some 90% in stock again (and selling at ~$5 premium!). They are also now listing some silver products (JM 1ozt, Rand 1ozt and Libertads) as future availability.

 

[pmbug]

Perth Mint has announced to distributors today that the following coins will be prioritised for manufacture:

2013 Australian Kookaburra 1oz silver bullion coin
2013 Australian Koala 1 kilo silver bullion coin
2013 Australian Kookaburra 1 kilo silver bullion coin

The following coins have been temporarily suspended from wholesale order, and may be in short supply for the time being:

2013 Australian Lunar 1 kilo Year of the Snake silver bullion coin
2013 Australian Lunar 10oz Year of the Snake silver bullion coin
2013 Australian Lunar 5oz Year of the Snake silver bullion coin
2013 Australian Lunar 2oz Year of the Snake silver bullion coin
2013 Australian Lunar 1/2oz Year of the Snake silver bullion coin
2013 Australian Kookaburra 10oz silver bullion coin
2013 Australian Koala 10oz silver bullion coin
2013 Australian Koala 1/2oz silver bullion coin

http://forums.silverstackers.com/topic-39554-news-perth-mint-coin-availability.html

 

[pmbug]

... supply shortages and high premiums on physical metal are being reported all around the world.
...

More: http://www.mineweb.com/mineweb/content/en//mineweb-gold-news?oid=187674&sn=Detail

 

[pmbug]

The following report details changes from 4/24 @ ~8am to 4/25 @ ~8am:

• 10 ozt gold bars - from 148 to 143 [73 in stock]. Perth (-1), Pamp (-3), Credit Suisse (-1)
• 1 ozt gold bars - from 2275 to 4090 [??? in stock]. Pamp (+40), Pamp YoTD (+99), Credit Suisse (+1793), Perth (-57), Scotiabank (+5), generic no assay (-23), RCM (-42)
• 100 ozt silver bars - from 5 to 516 [516 in stock]. RCM (+50), Johnson Matthey (+460), Englehard secondary market (-1), JM "Canada" (+2)

Sales volume for 10 ozt gold returned to a more or less normal volume yesterday. It's hard to gauge sales volume for 1 ozt gold because of the inventory additions. It's hard to gauge sales volume for 100 ozt silver because they didn't have any to sell (yesterday).

Apmex now lists all inventory as in stock except for Pamp 10 ozt gold bars. I'm fairly certain though that the new Credit Suisse 1 ozt gold is not actually in stock. They likely have less that 561 bars (inventory from yesterday's report) in stock and the rest on order / pending future delivery).

 

[pmbug]

The following report details changes from 4/25 @ ~8am to 4/26 @ ~8am:

• 10 ozt gold bars - from 143 to 146 [83 in stock]. Perth (-3), JM "poured" (+15), Pamp (-7), Credit Suisse (-2)
• 1 ozt gold bars - from 4090 to 3830. Pamp (-90), Pamp YoTD (-8), Credit Suisse (-67), Perth (-97), Scotiabank (-15), generic no assay (-16 sold out), RCM (+33)
• 100 ozt silver bars - from 516 to 355. RCM (-48), Johnson Matthey (-114), Englehard secondary market (+3), JM "Canada" (-2 sold out)

Sales volume was strong for both 10 ozt and 1 ozt gold yesterday, but it was huge for 100 ozt silver.

 

[pmbug]

We've already had reports of record sales at the US Mint and shortages occuring at the Royal Mint of Canada and Perth Mint in Australia. Now comes a report from Mexico:

...
Mexican financial journalist Guillermo Barba reports tonight that demand for his country's silver Libertad coins has exploded, according to information provided to him by the Bank of Mexico.

For April through the 23rd of the month, Barba writes, the central bank had sold 174,055 Libertad coins, more than were sold in the first three months of this year altogether -- 169,928 coins total in those three months, 46,693 in January, 80,929 in February, and 42,306 in March.
...

http://gata.org/node/12528

 

[pmbug]

It's been 3 days since the last update.

The following report details changes from 4/26 @ ~8am to 4/29 @ ~8am:

• 10 ozt gold bars - from 146 to 151 [88 in stock]. Perth (+4), JM "poured" (+2), generic no assay (+2), Englehard "loaf" (-1 sold out), Credit Suisse (-2)
• 1 ozt gold bars - from 3830 to 4385 [3727 in stock]. Apmex (+658), Pamp (-53), Pamp YoTD (-17), Credit Suisse (-12), Perth (-90), Heraeus (+1), Scotiabank (-4), generic with assay (+97), generic no assay (+2), RCM (-27)
• 100 ozt silver bars - from 355 to 222. RCM (-2 sold out), generic secondary market (+6), Johnson Matthey (-130), Englehard secondary market (-7 sold out)

Looks like typical weekend sales volume in gold alongside typical inventory re-stocking. The Apmex 1ozt gold bars are listed with an availability date of May 17.

Silver looks different though - strong sales volume and no inventory re-supply.

 

[Unobtanium]

Tulving only has 14 different silver products for sale right now, and is sold out of many of his silver products, including 90% junk (sold out products are now listed in a separate table on the lower half of the page).

I noticed that he is BUYING 90% silver at anywhere from 30-60 cents ABOVE spot, whereas for most to 2012 he was selling at below spot and buying at even further below spot.

Holy smokes batman.

Tulving is now selling 90% coins at $3.99 to $4.59 above spot. Less than a year ago he was selling it for below spot.

 

[pmbug]

The following report details changes from 4/29 @ ~8am to 4/30 @ ~9am:

• 10 ozt gold bars - from 151 to 162 [99 in stock]. generic no assay (+1), Credit Suisse (+10)
• 1 ozt gold bars - from 4385 to 4585 [3934 in stock]. Apmex (-7), Pamp (-49), Pamp YoTD (-10), Credit Suisse (-36), Perth (+306), Scotiabank (-4), generic with assay (+2), generic no assay (+3), RCM (-5)
• 100 ozt silver bars - from 222 to 308. generic secondary market (-6 sold out), Johnson Matthey (+81), Englehard secondary market (+7), JM "vintage pressed" (+1), Englehard "bull logo" (+2), JM "Canada" (+1)

Looks like sales volume plummeted yesterday. It's hard to tell for sure though as Apmex restocked the Perth 1ozt gold and that offering has lower premiums that the Pamp or Credit Suisse. Apmex also managed to restock JM 100 ozt silver bars, so it's hard to tell what sales volume they may have had for them.

 

[pmbug]

The following report details changes from 4/30 @ ~9am to 5/1 @ ~9am:

• 10 ozt gold bars - from 162 to 145 [124 in stock]. Perth (+43), JM "poured" (-5), Pamp (-42), Credit Suisse (-13)
• 1 ozt gold bars - from 4585 to 4671 [4025 in stock]. Apmex (-5), Apmex older issue (+2), Pamp (-35), Pamp YoTD (-4), Credit Suisse (-33), Perth (+171), Heraeus (-1 sold out), Argor-Heraeus (+1), Scotiabank (+96), generic with assay (-99 sold out), generic no assay (-2), RCM (-5)
• 100 ozt silver bars - from 308 to 305. Apmex (+34), Johnson Matthey (-33), Englehard secondary market (-2), JM "vintage pressed" (-1 sold out), JM "Canada" (-1 sold out)

This report looks strange to me. Lot's of volatility, but it's unclear how much was really related to retail sales volume. Looks like some metal was moved around from one category to another (maybe buying/selling on the wholesale/dealer market?).

 

[DCFusor]

Something funny IS going on. The pattern I show here in my fave gold chart provider just started picking up this real serious "chop" in the last week or two, and not only during low-liquidity times of day (you lose the resolution if I expand to two weeks on this, sorry). I've been watching this pup for years now, and this "chop" hasn't been happening before. Some game is afoot. Probably algos gone wild with assumptions that are different from ours or reality.

 

[pmbug]

The following report details changes from 5/1 @ ~9am to 5/2 @ ~9am:

• 10 ozt gold bars - from 145 to 132 [114 in stock]. Perth (-5), JM "poured" (-3), Pamp (-3), Credit Suisse (-2)
• 1 ozt gold bars - from 4671 to 4542 [3905 in stock]. Apmex (-9), Apmex older issue (-2 sold out), Pamp (-30), Pamp YoTD (-12), Credit Suisse (-22), Perth (-23), Argor-Heraeus (-1 sold out), Scotiabank (-7), generic no assay (-3 sold out), RCM (-20)
• 100 ozt silver bars - from 305 to 193. Apmex (-34 sold out), Johnson Matthey (-76), Englehard secondary market (-2)

Huge sales volume for 10 ozt gold and 100 ozt silver. Somewhat normal sales volume for 1 ozt gold.

 

[pmbug]

The following report details changes from 5/2 @ ~9am to 5/3 @ ~8am:

• 10 ozt gold bars - from 132 to 161 [119 in stock]. Perth (+10), Pamp (+24), generic no assay (+1), Credit Suisse (-6)
• 1 ozt gold bars - from 4542 to 6945. Apmex (-20), Apmex older issue (+2), Pamp (-24), Pamp YoTD (-2), Credit Suisse (-26), Perth (-17), Scotiabank (-7), RCM (+2497)
• 100 ozt silver bars - from 193 to 168. Apmex "IRA" (+3), Johnson Matthey (-45), Englehard secondary market (+6), JM secondary market (+1), Englehard "struck" (+3), US Assay Office (+2), CMI (+1), Sunshine (+4)

Sales volume in 1 ozt gold looks to be back to normal volume. 10 ozt gold and 100 ozt silver still look strong.

Apmex is now showing record high inventory for 1ozt gold - higher than at any time since I've been tracking (since December 2011). Similarly, inventory for 10 ozt gold is high (but not a record high) compared to the average inventory since I've been tracking. 100 ozt silver on the other hand remains very low - well under the average since I've been tracking.

 

[pmbug]

Today 41-year market veteran Bill Haynes told King World News that the largest wholesaler in the United States is completely sold out of 100 ounce silver bars and is no longer willing to take orders. ...

Haynes: “Eric, the largest wholesaler in the United States is no longer taking orders for 100 ounces silver bars. They have sold out their allotment of Johnson Matthey 100 ounce (silver) bars. Their whole allotment for the month of May has been sold....

They will not take orders for bullion they are not sure if they can get. The remaining wholesalers that are still selling 100 ounce silver bars, they’ve kicked their premiums up.

One ounce silver rounds, they will quote them, but there is 4 to 6 weeks for delivery. Silver (American) Eagles, Silver Maple Leafs, still 4 to 5 weeks out. 90% (coin) is still very difficult to get.
...

http://kingworldnews.com/kingworldn...n_U.S._Sold_Out_Of_100_Ounce_Silver_Bars.html

... Look at the Swiss refiners, they are continuing to have major delays in delivering gold. These delays are several weeks and this is in spite of running at full capacity, 24/7. Refiners’ premiums for prompt delivery right now are around $6 to $7, and it’s been as high as $20 recently. ...

http://kingworldnews.com/kingworldn...able_To_Keep_Up_With_Massive_Gold_Demand.html

 

[pmbug]

It's been 3 days since the last report.

The following report details changes from 5/3 @ ~8am to 5/6 @ ~9am:

• 10 ozt gold bars - from 161 to 150 [111 in stock]. Perth (-5), JM "poured" (-1), Pamp (-3), generic no assay (-2)
• 1 ozt gold bars - from 6945 to 6709. Apmex (-5), Apmex older issue (-2 sold out), Pamp (-47), Pamp YoTD (-8), Credit Suisse (-64), Perth (-57), RCM (-53)
• 100 ozt silver bars - from 168 to 88. Apmex "IRA" (-3 sold out), Johnson Matthey (-60), Englehard secondary market (-8), JM secondary market (-1 sold out), Englehard "struck" (-2), US Assay Office (-2 sold out), Sunshine (-4 sold out)

Strong sales volume overall for a weekend.

Apmex lowered the premiums for most 1ozt gold offerings back to where they were before they "went on sale". The premium on RCM is slightly discounted compared to the other brands.

 

[pmbug]

The following report details changes from 5/6 @ ~9am to 5/7 @ ~9am:

• 10 ozt gold bars - from 150 to 143. Perth (-2), Credit Suisse (-5)
• 1 ozt gold bars - from 6709 to 7483. Apmex (-6), Pamp (+961), Pamp YoTD (-2), Credit Suisse (-138), Perth (-7), RCM (-32)
• 100 ozt silver bars - from 88 to 203. Apmex (+169), Johnson Matthey (-83 sold out), Englehard secondary market (+1), Republic Metals Corp (+28)

Strong sales volume continues in all categories. Apparently, reports of swiss refiners having major delays (above and here) doesn't apply to Apmex as they added another 1,000 Pamp 1ozt bars. Their inventory for 1ozt gold bars is now a new record high (since I've been tracking).

Meanwhile, Apmex sold out their inventory of Johnson Matthey 100 ozt silver bars and have now listed a new product that I've never seen listed before (Republic Metals Corp) in addition to their own brand bars. Looks like they are having trouble sourcing new inventory for the brands they usually carry. Premiums on the Apmex bars increased. The RMC bars carry a huge premium.

 

[pmbug]

The following report details changes from 5/7 @ ~9am to 5/8 @ ~9am:

• 10 ozt gold bars - from 143 to 134. Perth (-4), Pamp (-1), Credit Suisse (-4)
• 1 ozt gold bars - from 7483 to 7277. Apmex (-18), Pamp (-100), Pamp YoTD (-4), Credit Suisse (-47), Perth (-16), Scotiabank (1-), RCM (-20)
• 100 ozt silver bars - from 203 to 671. Apmex (-14), Johnson Matthey (+296), RCM (+116), generic secondary market (+64), Englehard "struck" (-1 sold out), Wall Street Mint (+7)

Strong sales volume continues in both gold categories. Can't really draw any conclusions about sales volume in 100 ozt silver.

Looks like Apmex didn't like my last report, because they magically added silver overnight - and they dropped the premium on the generic secondary market and Apmex brand bars (they increased the premium on the RCM [not RMC] bars).

 

[pmbug]

The following report details changes from 5/8 @ ~9am to 5/9 @ ~8am:

• 10 ozt gold bars - from 134 to 164. JM "pressed" (+1), generic no assay (+4), Credit Suisse (+25)
• 1 ozt gold bars - from 7277 to 7185. Apmex (-2), Pamp (-48), Pamp YoTD (-9), Credit Suisse (-34), Perth (-7), generic with assay (+13), RCM (-5)
• 100 ozt silver bars - from 671 to 622. Apmex (-6), Johnson Matthey (-13), RCM (-32), generic secondary market (-5), Englehard "1st generation" (+1), Omega (+1), RCM older bars (+4), Academy (+1)

Moderate sales volume continues in 1ozt gold. No volume at all in 10ozt gold. Strong sales volume in 100 ozt silver.

 

[pmbug]

The following report details changes from 5/9 @ ~8am to 5/10 @ ~8am:

• 10 ozt gold bars - from 164 to 160. Perth (-1), Pamp (-2), generic no assay (-1)
• 1 ozt gold bars - from 7185 to 6814. Apmex (-34), Pamp (-54), Pamp YoTD (-4), Credit Suisse (-237), Perth (-7), Scotiabank (-3), RCM (-32)
• 100 ozt silver bars - from 622 to 647. Apmex (-6), Johnson Matthey (-20), RCM (+67), generic secondary market (-16), Englehard "struck" (+1), Englehard secondary market (+3), RCM older bars (-2), Wall Street Mint (-1), Academy (-1 sold out)

Very strong sales volume in 1ozt gold. In spite of inventory addition to RCM 100 ozt silver, there is evidence of strong sales volume in 100 ozt silver.

 

[pmbug]

It's been 3 days since the last report.

The following report details changes from 5/10 @ ~8am to 5/13 @ ~8am:

• 10 ozt gold bars - from 160 to 148. JM "poured" (-2), JM "pressed" (-1 sold out), Pamp (-2), generic no assay (-1), Credit Suisse (-6)
• 1 ozt gold bars - from 6814 to 6361. Apmex (-15), Pamp (-123), Pamp YoTD (-13), Credit Suisse (-130), Perth (-38), Scotiabank (-1), generic no assay (-13 sold out), RCM (-120)
• 100 ozt silver bars - from 647 to 604. Apmex (-28), RCM (-27), generic secondary market (+4), Englehard "struck" (-1 sold out), Englehard secondary market (+12), RCM older bars (-2 sold out), Wall Street Mint (-1)

Very strong sales volume in over the weekend - especially in 1ozt gold.

 

[pmbug]

The following report details changes from 5/13 @ ~8am to 5/14 @ ~8am:

• 10 ozt gold bars - from 148 to 152. Pamp (+4)
• 1 ozt gold bars - from 6361 to 6244. Apmex (-1), Pamp (-61), Pamp YoTD (-6), Credit Suisse (-45), Perth (-10), RCM (-92), Sunshine V2 (+98)
• 100 ozt silver bars - from 604 to 569. Apmex (-9), RCM (-14), generic secondary market (-8), JM "new" (-7), Englehard "struck" (+3), Englehard "bull logo" (-1), Englehard "old poured" (+1)

Strong sales volume continues for 1ozt gold and 100 ozt silver.

 

[pmbug]

The following report details changes from 5/14 @ ~8am to 5/15 @ ~8am:

• 10 ozt gold bars - from 152 to 150. Perth (-3), Englehard "loaf" (+1)
• 1 ozt gold bars - from 6244 to 5828. Apmex (-7), Pamp (-116), Pamp YoTD (-13), Credit Suisse (-182), Perth (-32), Scotiabank (-1), generic with assay (+34), generic no assay (+36), RCM (-132), Sunshine V2 (-3)
• 100 ozt silver bars - from 569 to 494. Apmex (-4), RCM (-31), generic secondary market (-8), JM "new" (-28), Englehard "struck" (-1), Englehard secondary market (-3), Englehard "old poured" (-1 sold out), Sunshine "struck" (+1)

Sales volume in 1 ozt gold is averaging 360+ bars a day over the last 4 reports (weekend sales volume is usually less than or equal to a single weekday). That's about 3x greater than what I'm used to seeing (before the April "sale"). Sales volume in 100ozt silver also remains very strong.

 

[pmbug]

The following report details changes from 5/15 @ ~8am to 5/16 @ ~8am:

• 10 ozt gold bars - from 150 to 157. Perth (-1), JM "poured" (+9), Credit Suisse (-1)
• 1 ozt gold bars - from 5828 to 6655. Apmex (-60), Pamp (+1324), Pamp YoTD (-17), Credit Suisse (-126), Perth (-33), Scotiabank (-66), generic with assay (-12), generic no assay (-36 sold out), RCM (-144), Sunshine V2 (-3)
• 100 ozt silver bars - from 494 to 404. Apmex (-16), RCM (-36), generic secondary market (+2), JM "new" (-42), Englehard "struck" (-1), Englehard secondary market (+4), Wall Street Mint (-1), Sunshine "struck" (-1 sold out), Englehard "old poured" (+1)

Pamp Suisse is historically one of Apmex best selling 1ozt gold brands. Discounting the huge inventory addition for that brand (ie. not factoring/considering how many bars of that brand were sold), sales volume for 1ozt gold was at minimum 497 bars!

Apmex lowered their premiums for most 1ozt gold bars.

Sales volume in 100 ozt silver remains strong too.