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A number of precious metal bullion dealers have reported inventory shortages and closed order taking Sunday citing unprecedented weekend purchasing demand. U.S. based MoneyMetals and APmex closed acceptance of new orders until metal markets opened at 6:00 p.m. EST on Sunday, while JM Bullion advised an expected 5 to 10 day delay in shipping after receiving cleared payment. Canadaian vendor SilverGoldBull notes a 10 to 15 day delay. According to EpochTimes , SDBullion’s CEO Tyler Wall wrote on his company’s website that “In the 24 hours proceeding Friday market close, SD Bullion sold nearly 10x the number of silver ounces that we normally would sell in an entire weekend leading to Sunday market open.” “In a normal market, we normally can find at least one supplier/source willing to sell some ounces over the weekend if we exceed our long position (the number of ounces we predict we will sell over the weekend). However, everyone we talk to is afraid of a gap up at Sunday night market open,” said Wall. A “gap up” is when a market opens higher than it closed at in the previous session. Silver CFDs (Contracts for Difference, a financial derivative of the physical market […]
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