Somethinds up - APMEX suspense all sales

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No1Hunter
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Somethinds up - APMEX suspense all sales

"*Attention – Due to the uncertainty in the global precious metals markets, we will not be able to accept any additional orders until the global markets re-open in Asia. We expect to be accepting orders around 6:15 pm EST. Sunday August 7th, 2011, following the market open."

So, if the market was going to drop, would they want to be selling any and all silver & gold they had?  However, if . . . .

We will know in about 15 minutes.

Edited by admin on 11/08/2014 - 06:09
No1Hunter
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They are back on -line taking

They are back on -line taking orders.  Very strange situation.

pistol
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I'm sure they knew gold and

I'm sure they knew gold and silver were going to gap up at the open. I forget where I read it, but I thought they were hedged such that the only profit they make on a sale is the amount they charge over spot. They must have anticipated that something crazy was going to happen that could throw their hedge portfolio way off.

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