SILVER & GOLD...lesson learned ...selling at melt; the guy on the corner will give me 70% of that days spot...the popular refeineries on line will give me 90%...however, they have from the day they get my pkg, at least a week to decide what value to put on my collection...THEY ARE PLAYING THE SPOT PRICE MOVEMENTS. going up, they stamp assay date the day they get it, going down, they stamp assay date at the bottom. 49. at 70% on the corner, is going to be better than 39.-40. at 90% with shipping and insurance.......and we could see 40. or less by midweek. i am begining to think, the refineries, with their tons of inventories to process, get to the point where they, like the stock mm's, get together, via futures, slam the prices down , put on three shifts and process the tons they have held back.
a cheap lesson i guess...i only sent a small part of my collection and no eagles....thank god.
tom
