This is just an example of the worldwide phenomenon. Everywhere dealers are saying 'we are out of stock', including US mint. I read in newsreports that bullion dealers in India are also running short of stock. In local market here also '' No Stock" is a stock answer. And there are margins above the cash price quotes. So what does it say ?
Does anything need to be said ?
Still, for further reading A Fabrication Bottleneck or Something More ? Don't miss the long term charts in the article.
Monday, August 18, 2008
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