Author Topic: This is very strange ???  (Read 40152 times)

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Offline jc888888888

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Re: This is very strange ???
« Reply #120 on: June 25, 2013, 08:01:57 PM »
Very quite MCM is...................

Offline Birdman

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Re: This is very strange ???
« Reply #121 on: June 30, 2013, 07:49:13 AM »
MCM has changed its listing of  MCC from auction style to BIN style. This is one way to address the shill bidding problem.

Completed listings in last 15 days.

Current active listings

They do seem to be making some changes, although they still have several auctions.

Isn't that still a stock photo NGC# for the currently listed 1997 gold panda?

From my perspective as a buyer, I like a 99 cent auction format, as it can lead to some deals in a soft market, so I would encourage them to work on developing a transparent and clean auction process.  If they are unable to do that, however, I suppose a BIN format is the next best step.  It would eliminate that yucky feeling one gets when you win an auction (pleased), but then check the bidding details and see that several bidders below you are suspicious and you realize that you probably paid more for your item than you would have paid in a fair auction.

I don't wish to stir up additional conversation on this topic (we've probably had too much discussion of negative topics).  I do, however, want to log for the permanent record this auction that ended a week after the auctions that were the subject of active discussion and the multiple reports to eBay.

1997 China 1 oz Gold Panda 100 Yuan Small Date NGC MS69 Mint State 69 SKU28579
Ended:   Jun 28, 201317:04:29 PDT
Winning bid:   US $2,098.00   [ 21 bids ]

Bidder                                Bid Amount                      Bid Time

Member Id: b***r( 339)     US $2,098.00                    Jun-28-13 17:04:22 PDT
Member Id: n***s( 31)    US $2,073.00                   Jun-28-13 12:09:30 PDT
Member Id: d***t( 104)      US $1,999.99                   Jun-28-13 07:28:49 PDT
Member Id: d***t( 104)      US $1,888.80                   Jun-26-13 11:05:34 PDT

Bid retraction and cancellation history

Bidder                              Action                                      Date of Bid and Retraction
Member Id: n***s( 31)     Retracted: US $2,100.00            Bid: Jun-28-13 12:05:12 PDT     
                                                                                       Retracted: Jun-28-13 12:08:57 PDT

n***s( 31)
30-Day Summary
Total bids: 4
Items bid on: 3
Bid activity (%) with this seller: 100%   
Bid retractions: 1
Bid retractions (6 months): 10

Again, no need to continue the conversation, but it appears that despite the flurry of communication to the key parties, we will still need to be vigilant and aware in our bidding.

Offline Thor122

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Re: This is very strange ???
« Reply #122 on: October 20, 2013, 12:09:48 AM »
Most ETFs related to commodity are backed by the future contracts. It does involve a carry charge. The fund has to roll over the future contracts every quarter. Fortunately, the carry charge for silver future contract is relatively low. Future contract expired on July 2015 is $19.95 vs. spot $19.50. In other words, the future traders do not expect silver will make any significant move in the next two years and will drop further in short term. Good luck.

Silver (slv) and gold (gld) etfs teorically is backed with the metal and not roll out futures. A lot of discussion in internet.
Is better pslv And phys backed really good metals and sprott.
Sorry for the off topic.

Offline comeaux

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Re: This is very strange ???
« Reply #123 on: April 03, 2019, 10:09:08 PM »
Fun times !!!   :w00t: