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Apmex Starts Reverse Inquiry: Seeks To Buy "Any Quantity" Of Silver From Clients At $3 Over Spot
Zero Hedge ^ | 4/25/11 | Tyler Durden

Posted on 04/25/2011 6:13:18 PM PDT by Daisyjane69

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To: domeika

Some are saying that was the intent of the move,
to spook people into buying more, not selling.


41 posted on 04/26/2011 7:21:35 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: MrB
Some are saying that was the intent of the move, to spook people into buying more, not selling.

In my gut I would have to disagree with them. APMEX's business is booming, and slowly the public is waking up to the fact that the paper in their wallets is becoming worthless as the fed prints our country into oblivion. Other countries like China, Russia, Brazil, India, etc (BRICS) are looking to move away from the greenback as reserve or for oil trading. IMO after that happens the dollar is headed into Zimbabwe territory almost over night.

I'm no pro and will probably be excoriated by those here that are but that's just my opinion.
42 posted on 04/26/2011 7:35:03 AM PDT by domeika
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To: Travis McGee

Actually the last 25 trading days it has stayed above the 8 day moving average, that average now is $43.63, I doubt it gets below that.


43 posted on 04/26/2011 8:42:34 AM PDT by stockpirate (If they vote for socialism, support socialsits, they're socialists duh.......Ech bin ein Paliner)
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