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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%Nov 28 4:00 PM EST
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To: TobagoJack who wrote (27581)1/9/2008 12:08:15 AM
From: energyplay  Read Replies (2) of 218108
 
I expect that most coin shops have only moderate capital and turnover. They can hold some inventory, and that makes them long gold and short cash. Buying more gold at this price would eat up their available cash.

The buy / sell spread is not large enough to allow them to buy gold after the price has jumped.

The coin shops do not have the resources banks have.
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