This page has been archived and commenting is disabled.
Apmex Starts Reverse Inquiry: Seeks To Buy "Any Quantity" Of Silver From Clients At $3 Over Spot
Over the past hour Zero Hedge has been inundated with reader comments notifying us that Ampex has, validating the earlier post speculating about a possible silver shortage at the metals distributor, launched a "reverse ïnquiry" in which it will pay "you $3.00 over the current spot price of Silver for your Silver American Eagles. ANY year, ANY quantity!" and "We will pay you $38.00 over the current spot price of Gold for your Gold American Eagles. ANY year, ANY quantity!" So aside from this first public confirmation that one of the biggest wholesale retailers of precious metals is now inventoryless [sic], we can certainly see why Asia has decided to take silver down in the afterhours electronic session.
»
- 61006 reads
- Printer-friendly version
- Send to friend
- advertisements -
JP Morgan's next e-mail to APMEX:
"Quarterly storage fees overdue"
"This line is for people who have money with the bank only. Please step aside."
http://www.youtube.com/watch?v=4TlPo0yCSa4
oontz oontz oontz
Thank you for calling JP Morgan's cash for golds and silver. Simply phone our number and we will rush a delivery service agent out who will pick up your unwanted barberous relics. You will be instantly paid by our digital money fungineers who will create an account and fill it with the proper codes that turn it into money.
If you like our service we can install a chip in your head and simply fill it with the same wonderful digital dollars. People will instantly know you're good for it just by standing in the painted infrared scanner zones. Not responsible for loss of head or psychopaths walking around with your head buying booze. JP Morgan is a very very very limited liability corporation and we reserve the right to refuse responsiblity or liability to any of our customers.
Dangertime should sell them his imaginary physical, and hang on to the imaginary puts to PROFIT-TimaginaryFD
**explanation
technically he could BTFD with his imaginary gains from ProfitingTFD with his imagi-puts, but forecasting that far out into a trolls imaginary universe is just linez bitchez
I did sell my physical.
I wonder why you think my trades are imaginary.....
1.) I dont "think" about you at all, let alone your imagining. I have pointed out previously you are a lying troll, and others have taken the time and effort to lay it bare. Go re-read their posts. You are only mentioned now,like the other past trolls, as a reference point of humor.
2.) You want to prove yourself, upload photographic evidence and submit a link, otherwise keep lying and baiting whoever you can get a response from. I'd be happy to show you a picture of some of my physical silver if you think I lie. Pick an object you want in the picture to verify its not fake. I'll give you a "red pen" as your object. Picture of the computer screen or paper proof of your "investments" with a red pen being held, and personal info blocked/blurred.
3.) Lastly, I was making sure you are still trolling the comments deep, so when you disappear and i am roflcoptering at you, I know you are reading it and stewing in it.
4.) now, i know you havent finished all your finals yet, and april is almost up. Get back to studying for that social studies multiple choice exam. Mom isnt paying your community college tuition for you to be wasting time on the internet...
Great post.
Eisley now serving freshly roasted and bitchslapped troll, medium-well, sliced thin.
Price: one ounce of silver --- or dig your own for only $5.00!
F'n hillarious! Just read my email from APMEX and was thinking of posting it. NO THANKS! I'll keep my silver until this charade is over! END THE FED!
What you expect to see during paper market price suppression against a physical supply/demand imbalance.
Desperation.
they are desperate. look at the junior miners today, down. why? because silver and gold are at new highs.
sell when they can come up with something better than confetti money.
Hope GPL drops another 30 cents tomorrow.
3 bucks over spot.. aren't 1 oz bullion coins selling on eBay for 50 bucks a pop anyway?
I'm enjoying watching my silver appreciate since I started to buy at about $26. I don't have a lot, but enough to enjoy it. Haven't made any purchases since end of last December.
Hell, where'd you get yours? Mine just sits there and shines.
No patina?
I'd check those bars if I were you.
Have a tendency to constantly rub them, so no patina.
Sometimes I like to pile it up. I don't have enough to go swimming Uncle Scrooge style.
This is just another prime example of why the COMEX spot price is a complete farce, and will soon be BUST!
http://silverliberationarmy.blogspot.com/
Haha, "i'll buy at $3.01 over spot," love it. what a joke, Con-ex really thinks people are going to fall for their shit? at least we won't. lol.
www.forecastfortomorrow.com
...lol...(pause, think about it again)...lol!
LOL. APMEX is selling silver eagles for $4.99 over spot, with delays?! They buy directly from the US Mint! Go to http://www.GoldShark.com and you can price compare dealers. Tulving has the same coins shipping on Monday for $1.50 less per coin!
Yeah, if you can buy $30,000 worth at a time.
Not calling you out, but I think APMEX probably would have thought of that too.
The only people selling are those that own paper silver. Physical silver is in some strong hands. Hands that also have access to lead and brass.
Yes they are in safe hands and they are NOT for sale.
I am and I will be buying at any price.
Yup, the paper silver is quicker. The futures will sell off and then the physical will sell. Late. That is how it works.
gh
Time to flood that 1-800 number with calls!
"Hello....yeah, uhu....right....okay...nice....uhmm....do you buy FRN's too? Ohh...yes...I do have the coins you want...but I don't want to sell those....I'll sell you some FRN's for $38 over face value....uhu....NO...FUCK YOU TOO!"
you know its a restuful night when silver is down 8%, APMEX is trying to buy our silver back, and the trolls are mysterisouly absent, barring these meaningless junks.
great post Ahm!
Holds for non USD .999 silver too (ie: Perth Mint). A $3/$5 bid offer is not too bad in this space! JCG
Reverse psycology.
They probably have a (metric) buttload of inventory and are psyching their loyal customers out so they can pump the premiums.
They have a buttload of inventory and they want to buy more...huh? I must have missed that lecture in business school.
It was the same day they taught Keynesian economics. You just don't remember becuase they made everyone smoke crack beforehand.
Okay. I don't know any more than the next guy since I haven't taken them up on it.
They SAY they want to buy more. Doesn't mean that they are compelled to do it. It would be a pretty good strategy to work up a frenzy. How come all of a sudden they go from good inventory across the board to desparately buying from loyal customers... over one weekend? Either the PM crunch/dollar crash is on, or not.
I guess I could call the number and see what they offer, but I am not interested in selling.
It is plausible that "Reverse Inquiry" = reverse psycology.
and besides, I thought this was a decent conspiracy site. ;P
We're all paranoid here. That's what people are saying about us -- I'm sure of it.
Did you find my tape recorder mounted to a wok again?
You listened to the tapes didn't ya?
Are you plotting on me!!!!
Personally, I would never join a blog that would have me as a member.
well, you just fucked up, didn't ya?
I know they have placed RFID CHIPS in my FRN'S so I had to sell them for Silver!!!
They are trying to track us with caller ID. Feel better?
It's because they make money on the resale. The whole buy low sell high thing.
No. If you will recall, APMEX's price feed comes from GLOMEX and COMEX feeds only, meaning they were basing their prices off of Thursday's close, which was bordering on $4 less than prices reached in Asian trading, meaning much of their silver was for sale at or below spot over the weekend.
As such, it makes sense they were nearly wiped out.
I, too, bought that sale. I doubt we'll get such a sale again, as they will fix their feed to take overseas prices when the GLOBEX is down.
Good for you! Read about the spike but couldn't find a chart showing it.
On a side note, are there trolls on here who randomly and steadily go around junking any comment they see? Is life truly that boring and pathetic that "junking" is all they have left?
G'head, junk this, Trolls!!!! Wheeeeeeeee!!!!!
What's the metric to imperial conversion rate of a buttload?
1 Buttload metric equals
5 Bernankes(aka the joker)
0r
3 Greenspans - the ace of Bubbles
a metric Buttload is decimal and therefore equals
100 CentiButts or
1000 MilliButts
Remember when converting to Bernankes don't forget to fake the Birth/death model and always subtract 10% for unemployed but discouraged. Fiat ain't just a pooorly made Italian vehicle no more.
This is all playing out like a bad dream...
I've got some nice tungsten I'd be willing to part with.
SAE have usually been bought back at a premium to Spot. nothing special here. other than APMEX emailed its customer base appearing kinda needy and desperate. They charge "AS LOW AS $4.99 over spot with an over 500 eagle purchase..what a deal!!
its almost 7.00 premium each when under 20 eagels are purchased.
i'd rather buy some nice sunshine mint rounds, who are one of the few mints licensed to supply the blanks for the eagles. Mo' Silver is Mo' better
What will Skynet make of this development?
The Skynet system became self-aware at 9:13 a.m. Mountain Time, on August 27th, 2010. It immediately began to engage in high-frequency trading on its own account in equity and commodities markets. In a panic, the Fed tried to pull the plug.
Skynet struck back.
So they're going to pay me 2.5% over current spot per oz gold so I can get a pile of Bernank Bucks in return? How'bout a warm glass of shut the hell up.
You're your own bank now. Set the premium.
Take your FRN's, bennie bucks, green toilet paper, confetti, etc. and shove it APMEX.
What's next? sex for silver? cable tv for silver?
About 5 minutes into the program, Tom O'Brien discusses
the huge selling volume in PSLV and the premium being sucked out.
Claims that Eric Sprott is "taking the public to the cleaners"....
and that silver has topped.
http://www.tfnn.com/hour01.html
FWIW...
Can I see an SEC filing on this?
No?
Hmmmm...
why don't the other dealers just arb into this?
Most likely because it's bs.
Awww, is someone sad because they are about to be violently anally raped by a hoard of rabid apes?
Silverbacks?
Nice.
they've got small dicks, won't hurt enough.
Looks like you are the one getting raped. Silver under $45 now.
It only hurt the first time.
How would that work? They buy from Apmex at a high premium and sell it at a higher premium? If they sell to Apmex they lose out because they can get higher premiums from retail customers.
APMEX is now a direct Authorized Purchaser from the U.S. Mint of products such as silver bullion coins, like Eagles. One of 12.
This means a bounce to the upside is in the cards...tonight.
$50 will be taken down during the next few hours. And gold will near $1600.
After that, PM's rise will be like experiencing 40G's acceleration....with no protective suit on.
I think you may be right !!
This will be WAR !
The people united will never be defeated<stop> Each one who falls will be replaced by another<stop> The only option left is forward<stop>
End of transmission<stop>
I agree with the sentiment, but I think the timing is ambitious. Panics may be irrational, but their progression is predictable. This is a canary in the coal mine.
Step 1) US Silver Eagles unavailable at a few large US dealers
Step 2) No Silver Eagles available at any US Dealers (actual shortage - unless the weak spec tree can be shaken for supply or the US Mint steps up delivery)
Step 3) Silver Maples will start to sell out followed by other bullion coins (substitution- as US buyers become more willing to accept noble coinage that doesn't say "In God We Trust")
Step 4) Silver rounds and small bars start to sell out (the deep reach into the bottom of the substitution bag as it empties)
Step 5) Bid/Ask spreads expand to the point that sellers will bring product to market (the last time I was in a Swiss gold shop silver was CHF 31, the bid/ask for "any" noble bullion was CHF 33/66- the US has a way to go on spread expansion)
Step 6) Retail Dealers and Institutional Holders get nervous and start standing for Comex delivery in large numbers
Step 7) Comex can't make physical settlement and switches to cash settlement
Step 8) Paper silver prices "officially" decouple from physical silver prices
Attempted market manipulation to lower the price becomes increasingly dangerous as the market tightens, someone might be trying short-term to achieve a certain strike on expiration, but given the market tightness they are playing with fire as it is very easy to set off an uncontrolled chain reaction here because of the much smaller size of the physicall bullion market vs. paper.
Screw the bailed out banks with their 1% interest teasers. PimPco, a far wiser invester than I, say's UST's can't be trusted. I'm still sitting on a pile of FRN's and I'm scared because the Bernank is QEasing my savings away. I'll continue moving away from any papr promises until they can restore my trust.
I actually sold most of my physical today after having bought a ton of puts at the open.
1200 Ounces and the dealer told me I would be wise to keep half. I told him I am confident I can buy them back in the low $30's this summer.
Funny thing is that 4 of my 100 oz bars were not Englehard and thus fetched a slightly lower price. I wasn't too happy about that, but oh well. I'll get all Englehard when I buy back in this July or August.
HA HA HA HA HA HA HA!
ditto here
I don't know why but every time you talk I can smell this strange odor... almost like raw feces.
Epic meet Fail
those july silver puts are going to look awfully green. silver is taking a dump in asia.
those july silver puts are going to look awfully green. silver is taking a dump in asia.
Theres an article I just read on smartmoney.com re Silver prices, while I do not agree with all his points, there was 1 suggestion that may be worthwile, this was dedicated to all those that think JPMoron is net short silver and may have financial issues:
I would have thought the easy bet for conspiracy theorists would be to bet on the collapse of these banks' stock by buying "put" options. A $20 put option on J.P. Morgan, good till January 2013, costs just 60 cents per share. If the stock goes to zero, the silver bugs will all be millionaires. All the upside of the silver conspiracy, with very little risk.
Here is the link.... I think this is the article you are talking about.
http://www.smartmoney.com/investing/economy/6-signs-the-silver-market-has-gone-nuts-1303502720960/
those july silver puts are going to look awfully green. silver is taking a dump in asia.
Cool story bro!!
I'm sorry, I missed your /humour tag, or /sarc tag, or whatever you
meant your post to be read as. Guess I'm tired, could you please be sure
to label your joke next time?
TIA
You had put's on the line today also? Went to the coin dealer to bull shit and had put's on the line today? Your so full of shit dude.
Maybe one .10 cent contract if that and two round's at the dealer lol.
Anyone with any money in the paper silver market was glued to there p.c. today you moron.
You had put's on the line today also? Went to the coin dealer to bull shit and had put's on the line today? Your so full of shit dude.
Maybe one .10 cent contract if that and two round's at the dealer lol.
Anyone with any money in the paper silver market was glued to there p.c. today you moron.
yah... so i read down and see what you have been up to LOL, already covered you in my previous comments.
no wonder you only have a used porsche, you had 60 grand tied up in silver dogg. Once you profit the fracking dip with your imagi-puts, you'll be be rocking a bentley playa!
---------------------
http://www.youtube.com/watch?v=pRMBQlLf8Ew
"Where you going dangertime?"
"You going to cash in your 1200 ounces of silver?"
"What kind of day is that?"
"when you ask me, what i'm doing, with my 1200 ounces of silver, when its nobodies business which dip i am buying...."
Yeah sure, clown. Keep dreaming.
You never had any and you know it, you lying shit. You told us one day that you bought gold and silver at the same time, at gold's absolute 30 year lows, then you turned around and claimed you bought silver a year later, it silver's absolute lows.
You further, trying to admonish us as to how far silver could fall, cited its fall from "$14 to $8". ANYONE holding silver at that time would know that it went from $20 to $8. ANYONE. You outed yourself as a liar TWICE.
Get the fuck out of here, you loser lying faggot.
I said I bought gold in 2000 and silver in 2001.
And silver DID fall from $14 to $8 dipshit.
PLUS I told you last week the moment I started buying puts.
How convenient that NOW you are going to say I lied after my puts start going seriously green and you are now deep in the red. You fkn pussy.
I don't want to feed the entertaining troll, but for those of you keeping score, gold on the way back up, just broke thru $1500 and silver is about to break $46.
Entertaining because he pins himself down with such stupid comments. I only wish he gave a price quote when he talked about selling his 1200 oz.s
you maaaaaaaaaaad?
i already called you out you little troll. Post a link to a picture of proof of your investment with personal info blurred out, or you are a liar, you dont get any options.
now gtfo, power lunch forums are looking empty, they could use you...
When some one types "but oh well" on a comment section of a blog, I know they are full of shit.
But oh well!
Dangerclown stated:
I find this development quite fascinating --- I always knew that trolls appeared in mythology, but I never knew that they could generate their own!
Johnneeeee Braaavooo...Maaath Maaannnnn...where are you now? Come out to plaaayyyy... LOL!!!
Hey, Apmex can buy a pallet load right now for a cool $1,372,550.00
http://cgi.ebay.com/Pallets-Monster-Boxes-25000oz-Silver-Eagles-Mint-Sealed-/330555974874?pt=LH_DefaultDomain_0&hash=item4cf6abe4da
DaddyO
That greedy bastard is charging quite the pretty premium!
But...but...Bob Moriarty of 321gold.com sez:
"There is no shortage of silver. There never has been a shortage of silver. Until the laws of supply and demand are repealed, there never will be a shortage of silver."
Could Bob be wrong? If you can't trust Bob, who can you trust? Just askin'...
The Hour Chart for both silver and gold looks to be turning higher. I'd say once Asia opens again the whole thing is going right back up, screw the doji candle charts, the big charts read $1975 for gold and $65+ for silver.... hi ho SILVER,... Awaaaayyyyyyyyy!!!!!
If I owned a (coin store) or a (Pawn Shop), I would be long SWHC!
apmex is a piker. this past weekend one zh poster offered to sell me (and tmosely and redpill - called us by name) his 500 silver american eagles for $2.00 below spot, confirming his status once again as the undisputed world's worst trader. so while apmex sees the shortage for what it is, and goes pleading for inventory, this infamous zh poster basically offers to pull a gordon brown, and unseat him as history's all-time worst trader.
btw: this apmex information sure gives credence to the reports that the comex is paying out huge premiums for in the money comex silver holders.
See Yea at $150 and Fuck Jamie!
Loving it...let's not let them get any, the power resides within us to hoard all of the physical!
www.forecastfortomorrow.com
Exactly!
Just like Charlton Heston's answer to the anti-NRA cowards.." NOt from my dead cold hands.." or something like that
teehee
What the fu%@#$ just happen to silver? Did we pay off the debt? Discoverd cold fusion perhaps?
Gary Kaltbaum warning of a top in silver today.
http://archives.warpradio.com/btr/InvestorsEdge/042518.mp3
Meanwhile, $46 and $1,500 just broken.
The Cartel is now in full attack mode to clean out all the late buyers.
My God....so yesterdays all time high was broken? Wow this is a total disaster, people will never break even, OH the humanity....
$1,500 is a long lost dream now...well except for Apmex who is begging you to sell for $1,538...well I sure theyre just crazy or something.
MomoTrader, a microcephalic fruit fly has more ability to think past the immediate present that you do, most likely a good deal more intellect, and certainly more courage than you, who can do nothing but make hit-and-run flaming posts before dashing back behind the safely of your keyboard and monitor. You are as much of a waste of time and as much of a coward as Leo Quislingasskiss.
MomoTrader, a microcephalic fruit fly has more ability to think past the immediate present that you do, most likely a good deal more intellect, and certainly more courage than you, who can do nothing but make hit-and-run flaming posts before dashing back behind the safely of your keyboard and monitor. You are as much of a waste of time and as much of a coward as Leo Quislingasskiss.
MomoTrader, a microcephalic fruit fly has more ability to think past the immediate present that you do, most likely a good deal more intellect, and certainly more courage than you, who can do nothing but make hit-and-run flaming posts before dashing back behind the safely of your keyboard and monitor. You are as much of a waste of time and as much of a coward as Leo Quislingasskiss.
MomoTrader, a microcephalic fruit fly has more ability to think past the immediate present that you do, most likely a good deal more intellect, and certainly more courage than you, who can do nothing but make hit-and-run flaming posts before dashing back behind the safely of your keyboard and monitor. You are as much of a waste of time and as much of a coward as Leo Quislingasskiss.
MomoTrader, a microcephalic fruit fly has more ability to think past the immediate present that you do, most likely a good deal more intellect, and certainly more courage than you, who can do nothing but make hit-and-run flaming posts before dashing back behind the safely of your keyboard and monitor. You are as much of a waste of time and as much of a coward as Leo Quislingasskiss.
Syntax is everything
It's what Marines do. Oorah.
Not sure who does that.
Cheers -
Josey
Well they won't be buying MY U.S. Mint products
You stupid gold and silver bitches are going to get your throats slit tomorrow. I dare you herd followers to buy the dip...bitches! BTW, I bought ZSL in pre market at $13.64. THANKS!!!
Math Man/Biggus Dickus yet under another pseudonym.
Wow.
Looks like Venom650R is one of those sleeper trolls/operatives. She/he/it has been registered on ZH for 46 weeks yet s/he has commented on only 5 articles in total. And those comments were posted only over the last few days and all of them concerned Silver or the Fed.
Interesting.
Goldang Gubment trollz...lemme at em!!
Must have zombie fleet ready in advance . . .
Can't eat, clowns will sleep me . . .
Can't instantly register zombies, must build up stockpile in advance . . .
Can't clown, sleeps will eat me . . .
They are everywhere. Fucking trolls
Sold a bunch (of paper) at $48 today.
Can't wait until your precious little take-down to scoop up some more physical, along with a little bit of gold.
If the object is to accumulate PMs, then trading on the ratios of Ag:Au directly would be the obvious play. Why "cash out" into casino scrip? (unless you're planning on a trip to the buffet) Let the fed and their patsies keep their tokens, notes and promises. Trade the ratio and eliminate the muddied middle. As any recent Ag:Au chart shows, time to be swapping Ag for Au on the leg down. imo.
9/2010 - 68:1
4/2011 - 32:1 and falling.
One can now get twice as much Au for the same or less Ag than just a half year ago.
No, your dead bang wrong, this silver bug has been buying since 86, it became a hobby going to gun show's buying pocket knifes for fun. Wasn't about the fiat back then with silver, we did it just for the fun back when we where young. We made fiat trading some riffles.
The old timer's told us that silver was just as valuable to hold as the knifes we picked out. They where so correct. Some knifes are 50 times more valuable today. Would I sell one of those knifes? Not a chance and the same hold's with the PM"s.
So what, exactly, is the big deal here? Silver went up like lightning, probably an Asian covering last night toward $50, then it corrects down a bit due to some serious short selling smack-down. So what? We know there's a short-long war going on. This is one of the battles.
The fundamentals haven't changed since I bought silver in 2008. 15-25% corrections are not out of range of possibility. Frankly I'd like to see some consolidation for the next leg up.
There are 2 markets here: physical - which *looks* to be supply constrained v. demand; and "paper" which seems detached from the underlying commodity. A physical supply constraint could easily snap the price right back up.
So I guess its OK if people want to call each other trolls and launch f-bombs, but the market is the market and its going to do what its going to do... and frankly neither side knows what is going to happen and when; so why all the fuss?
this is exactly what I thought at first. Also, this is the only comment I read on this post that was insightful, well stated, polite, and throrough. Can I add this person as a friend or something?
So what, exactly, is the big deal here? Silver went up like lightning, probably an Asian covering last night toward $50, then it corrects down a bit due to some serious short selling smack-down. So what? We know there's a short-long war going on. This is one of the battles.
The fundamentals haven't changed since I bought silver in 2008. 15-25% corrections are not out of range of possibility. Frankly I'd like to see some consolidation for the next leg up.
There are 2 markets here: physical - which *looks* to be supply constrained v. demand; and "paper" which seems detached from the underlying commodity. A physical supply constraint could easily snap the price right back up.
So I guess its OK if people want to call each other trolls and launch f-bombs, but the market is the market and its going to do what its going to do... and frankly neither side knows what is going to happen and when; so why all the fuss?
Too rational. You're junked.
junked you for being too rational too in observing somebody being else being rational about the market driven price of semi-rare metal, with identifible characteristics lending it to luxury and industrial applications. An investment, sure. But it can not be eaten, or readily exchanged for its spot value in stuff that you can eat.
Silver off 3% now...hmmmm.
Silver off 3% now...hmmmm.
Here come the goons. Doing what is necessary,
Right before "The King's Speech"
well, someone sure did a late-night takedown.
Just flip the chart over and it's a reading of the cartel's desperation.
Dear China,
We have taken down precious metals in your honor. Please keep the game going a wee bit longer.
Truely Yours,
Dr Bernankenstein
dude...you published too soon; right now roaring back into 1498 :)
Yea its down a whole $7, Apmex is offering to buy $38 over spot.
Robot you are my new idol!
Oh Sorry T Mosely akthefuckingak. Please, please don't junk me.
"akthefuckingak" LMAO
A wild market over the past 24hrs. I'm glad I took 1/3 of my SLV off the table at $47+ for a 200% gain. I'll let the rest ride. Anyone else take some off the plate today?
No but I put in a stop loss order on my PSLV at 5am. I am hoping that I don’t hit that but there is just too much weirdness. Luckily it is in my Roth so there are no taxes. If it goes down and I sell I plan on repurchasing. My physical is like insurance and that is not going anywhere. I got out of SLV around a year ago after the warnings I read here.
What do you think about the PSLV/SLV pairs trade to take advantage of the 20% premium over NAV that PSLV trades at? Ever given it any thought?
What do you think about the PSLV/SLV pairs trade to take advantage of the 20% premium over NAV that PSLV trades at? Ever given it any thought?
Doesn't this imply that the spot price of silver should be about $3 higher than it is right now?
Would they consider taking a long May SI plus $15,000?
Something grim and ghastly is going on here, and my screens say Ag volatility may increase accordingly:
APMEX may know, or may have made an educated guess, that Wednesday Ben-Hubris will announce, or hint at, QE resumption, sending PMs, oil, commodities and equities into a possibly huge next leg up, and APMEX may be shaking the silver-palm tree for 2 days with an instant-spam email offer. But as everyone knows, no valuable unsolicited offers ever come to you in your mailbox.
As the gold-loving arbitrageur (buy in Europe at $20 and sell to FDR at $32/oz.) and paymaster of the WW2 French underground said: "The Danse Macabre of the Currencies Has Begun..."
Why is some fancy name like, "arbirtrageur", used to describe nothing more than buying some thing for something less you sell it for?
I don't get it.
What you described is not arbitrage. Back to wiki for you.
It's a French word. (arbitrage) Originally it meant a decision made by a referee or umpire. One who makes these decisions is an arbitrageur.
WOW...looks like ALL the commodities are DOWN BIG tonight and the $ has broke to the upside of $74.21. Ain't that a bitch...BITCHES?