Question from a newbie about CostcoPM stock availability and precious metal futures, is Costco timing for profit?
So, I've been lurking for a couple weeks, watching some pricing, looking at some items through the glass at the store, and want to get into the game, but here's my initial reaction after the last 48 hrs...
Seemed like nothing was available online, and when the alerts hit here, stuff moves quick and sells out for the more "interesting" less often offered pieces. I've seen stackers and collectors comment on waiting or wishing for that AGE or Buffalo Coin drop and the response joke is that when GLD hits $5K again, Costco will unleash their hoard.
But just watching some sell outs from yesterday to today and tracking the price of GLD on a downward trend for the immediate future (if I understand that correct), Costco seems to be unleasing more and more exciting inventory when it seemed dry for several weeks.
Is this uncommon, is this normal? Is Costco pushing products into the marketplace now because they believe the price will continue down?