@JoelKatz@DivinelyDesined David,
Imagine XRP debating if it was created or if it evolved and you as the creator observing it outside the governing laws you set forth. Did XRP evolve or was it intelligent design?
🚨APMEX Unilaterally Hikes Silver Spot Price to $80.59 on Saturday Night! 🚨
With markets closed, SilverTrade readers have asked us why silver spot prices are rising- specifically APMEX's silver spot price which just "jumped" to $80.59/oz. ⚡️
Why is APMEX unilaterally raising their silver spot price on a Saturday night?
The markets are closed, so Apmex can’t acquire any silver to replace the ounces they are selling to retail customers over the weekend.
Typically major bullion dealers go long an estimated number of ounces across the metals ahead of each Friday's close (for example, 100,000 oz silver, 10,000 oz gold, 1,000 oz platinum, 200 oz palladium etc) either via long positions on the futures market ahead of the close, or by placing physical metal inventory orders beyond their hedged metal position.
Once a bullion dealer sells through its entire long position it obtained going into the weekend, they become exposed to risk of silver prices rising immediately upon Sunday night's Globex open.
APMEX raising their spot silver price by $1.40 on a Saturday night means that they have already sold through their entire weekend hedged position, and
any further ounces they sell are at spot risk of silver immediately gapping up on Sunday night’s open.
We have spoken to the top bullion dealers who report MASSIVE silver sales this weekend.
We are assuming that Apmex didn’t prepare properly for this weekend- they failed to hedge or source enough oz of silver prior to Friday’s close to make it though Saturday- much less the whole weekend.
Having already sold through its entire hedged silver position heading into the weekend, APMEX raised their ask spot price by $1.40/oz to attempt to hedge their spot risk.
SD Bullion is still selling silver tonight at a spot of $79.34.
So why did APMEX raise their silver spot price?
APMEX' $80.59 silver spot price tonight is a unilateral decision of the price point they are willing to part with physical silver at this weekend.
It reflects extreme uncertainly and concern amongst one of the largest bullion dealers in the industry that any further ounces of silver metal they sell prior to 6pm EST Sunday night may not be able to be replaced at anywhere near where silver spot prices closed Friday evening.
🚨APMEX Unilaterally Hikes Silver Spot Price to $80.59 on Saturday Night! 🚨
With markets closed, SilverTrade readers have asked us why silver spot prices are rising- specifically APMEX's silver spot price which just "jumped" to $80.59/oz. ⚡️
Why is APMEX unilaterally raising their silver spot price on a Saturday night?
The markets are closed, so Apmex can’t acquire any silver to replace the ounces they are selling to retail customers over the weekend.
Typically major bullion dealers go long an estimated number of ounces across the metals ahead of each Friday's close (for example, 100,000 oz silver, 10,000 oz gold, 1,000 oz platinum, 200 oz palladium etc) either via long positions on the futures market ahead of the close, or by placing physical metal inventory orders beyond their hedged metal position.
Once a bullion dealer sells through its entire long position it obtained going into the weekend, they become exposed to risk of silver prices rising immediately upon Sunday night's Globex open.
APMEX raising their spot silver price by $1.40 on a Saturday night means that they have already sold through their entire weekend hedged position, and
any further ounces they sell are at spot risk of silver immediately gapping up on Sunday night’s open.
We have spoken to the top bullion dealers who report MASSIVE silver sales this weekend.
We are assuming that Apmex didn’t prepare properly for this weekend- they failed to hedge or source enough oz of silver prior to Friday’s close to make it though Saturday- much less the whole weekend.
Having already sold through its entire hedged silver position heading into the weekend, APMEX raised their ask spot price by $1.40/oz to attempt to hedge their spot risk.
SD Bullion is still selling silver tonight at a spot of $79.34.
So why did APMEX raise their silver spot price?
APMEX' $80.59 silver spot price tonight is a unilateral decision of the price point they are willing to part with physical silver at this weekend.
It reflects extreme uncertainly and concern amongst one of the largest bullion dealers in the industry that any further ounces of silver metal they sell prior to 6pm EST Sunday night may not be able to be replaced at anywhere near where silver spot prices closed Friday evening.
We were told these quality issues would be fixed before the trailer was delivered along with cleaning the construction debris inside. I don't like to do these things but the toilet leaking was the last straw.
@marcuslemonis@zahroo9999
We purchased the 2022 mallard m33 heartland from camping world. We were sold on the idea of the internal quality control of all trailers sold. Since we would be living in it while we sold our current home we wanted that assurance. Our experience so far
Let's just wrap this up with the lack of quality in the craftsmanship. There are staples sticking out all over, trim not attached, trim missing, damage in various spot, missing caulking in many locations, and filler to hid the holes only in some spots.