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Re: milo3 post# 20280

Saturday, 05/04/2013 7:35:24 AM

Saturday, May 04, 2013 7:35:24 AM

Post# of 22270
I don't know about divergence not happening milo3...So far that's all that has happened. That and range trading.

<"(The divergence of paper & physical may take more time than anticipated).">

I was checking the price of monster boxes of silver eagles on Apmex and Provident Metals yesterday. Provident Metals is selling monster boxes for $19K+ and buying at $12K+. Quite a difference in bid/ask...and delivery is back ordered.

This is what concerns me the most. Low paper values are great for short covering, and going long, while ordinary Joes get shut out of physical markets. All talk aside, this is probably the clearest indication of where the prices of PM are headed. S~P

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