Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Oblomov who wrote (76634)	3/21/2008 5:01:46 PM
From: blazenzim	Read Replies (2) of 116555

There is no shortgage of metals right now. This is what Kitco's website says: "IMPORTANT: Due to the volatility of the market, we are experiencing a significant increase in the volume of products that are being sold to Kitco. Although Kitco and HSBC Bank are working hard to stay on top of this, you may experience a delay in your package being processed. We apologize for any inconvenience this may cause, and appreciate your patience and understanding." Notice they mention HSBC Bank. It appears that so many people sold into the recent spike that they've run out of cash and have maxed their credit line. Kitco appears to be choking on metals. There is a shortage of cold, hard US dollar cash.

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