So anybody have thoughts on increasing stocks small-time while the 'correction' is on? Seems weird to me adding at AUD$130ish when the majority of my stack all came from the sub $30 era and briefly hit ~7 times that last week. Is the consensus now that it will stabilise at I dunno, AUD$100-$120 and then continue a more logical upward trend or all bets are off still?
DYODD has always been the prevailing paradigm in silver, that said, I have been bullish and so my sentament remains at this time.
I would say that the last top at ~$170 AUD was a pretty decent run up, and given the global scenarios probibly enough to satisfy a nice future reference a top after breaking that ATH $50 barriar in 80 and 11.
I wouldn't expect a retest of that for a while; but short term, especially since the price is testing bottoms circa the low of the "Bloomberg index re-adjustment" fortnight in Janurary, and the levels just before the chirsmas spike when many dealers were closed for the holidays, and not having been 1 full month. I'd expect volitility is biased to the downside in the short term.
We are not privy to who bought all the Bloomberg index adjustment volume during Janurary. only that expectations at that time were of a potential for a large drop, which did not occur. many were advised to exit. perhaps this is the way the big guns try to ensure everyone get an equal share on exit.... by delaying large volumes till end of the month to prevent first in best dressed from getting advantage... and spamming information so nobody even remembers that even occured... china DID halt trading just before the crash, and they may have been privy to the event before it occured, whether it was initiated by them, by the west, or in colaboration orchestrated in advanced...
i.e: It may have all been bought by a market maker short term and held deliberately to sell at a higher price, short term futures that expired without delivery, or in combination with a short.
A lot of silver has moved around in the market. and i expect with all the changes to policies and trade that predictions are unreliable at best.
Conjecture is as good as data, so I doubt my own thoughts on the matter, but I'm holding here, and if the price goes sideways, will be looking at premiums for rare items rather than spot moving forward from here in the secondary market, because i dont believe that a virtual car, a new car, a classic and a crushed cube should all trade at the "average car price" to a market that is short cars, and is looking for them.
and certainly not back to a dealer who wont consider that 2 prices for paper silver (shanghi and the west) is a reliable trading reference if the item is the physical and not the paper.
Otherwise they can hedge my order and actually trade on the premiums and not on guilt tripping like they have full exposure to metal movements without a measure to account for that. we can look at what they are getting for the same item for resale back to the public... if they aren't also sending the metal overseas anyway. and we can barter on the premiums from there...
if i even walk throught the door with it.
i could probibly get a better price selling it to the queue at the door.
