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APMEX adds name to list of silverless brokers

April 25, 2011

As per zerohedge: APMEX out of silver eagles until may is rather interesting given my conversation with them on Friday.

“We have a ton of silver left, but can’t get anymore”.

So assume she is fibbing a bit, but also assume there was some serious demand this weekend.

Monex, out. Kitco, out. Apmex, out. JPM?

Now they have resorted to begging.

And notice, they are willing to buy at $3.00 over spot when they are(were) selling for $4.00 over spot. They either:
a) Have just ridiculous demand
b) Are currently short metal (the ones i bought friday probably) and are scrambling to cover those orders.

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