I just had a strange thought after reading this from Sprott
Could we be going into that space where people are selling their Paper Metals which determines spot price, driving that price down on the markets. Yet people are taking and buying physical at the Paper Market Price running dealers out of stock or even making dealers refuse to sell. Just a thought, I would appreciate any comments or wisdom from others along with any observations they have witnessed from their local dealers.
Yes, what we might be seeing is the tail (futures) no long waging the dog (spot price). The stories of dealers running out of physical are most interesting. Could be the EE finally over played their hand, pushing the price too low. It is too early to tell how this pans out. The margin hike won't help, but the Greece default talk could counterweight that. The funds are still the funds, that has not changed.