Ainslee's - A buy indicator?

Discussion in 'General Precious Metals Discussion' started by BlackSheep, Dec 21, 2011.

  1. BlackSheep

    BlackSheep Well-Known Member Silver Stacker

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    Ainslee's had intended to close at 3pm today, although they closed just prior to the asian market open - could this be an indicator we are about to see a big move? So far in my short time watching metals I've noticed they are quick to shut up shop when it's a great time for us to buy! :rolleyes:

    I'll take my tin foil hat off now as I'm obviously tired and delusional, I'm sure there is a very good reason for it, maybe a short notice stock count, or maybe someone tripped over a power cord in the room that holds the ecommerce server.... :lol:
     
    BlackSheep, Dec 21, 2011
    #1
  2. fishball

    fishball New Member Silver Stacker

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    Maybe early close because it's almost Xmas?
     
    fishball, Dec 21, 2011
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  3. BlackSheep

    BlackSheep Well-Known Member Silver Stacker

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    They had advised on their homepage that they would close today at 3pm, not quite 3 yet is it?
     
    BlackSheep, Dec 21, 2011
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  4. hiho

    hiho Active Member Silver Stacker

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    hiho, Dec 21, 2011
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  5. Lunarowl

    Lunarowl Active Member Silver Stacker

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    Long queue at ABC Sydney.. Hmmm..
    Haven't seen that since ages
     
    Lunarowl, Dec 21, 2011
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  6. Willow

    Willow New Member

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    My question would be is are most of that long queue buying or selling?
     
    Willow, Dec 21, 2011
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  7. euphoria

    euphoria New Member

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    Maybe, I don't think Ainslie know the direction of the spot price any better than us here.
     
    euphoria, Dec 21, 2011
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  8. Lunarowl

    Lunarowl Active Member Silver Stacker

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    Buying i'm guessing.. Or maybe picking up.
    I won't sell my stuff to ABC, the have the worst buyback price
     
    Lunarowl, Dec 21, 2011
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  9. Ag

    Ag Well-Known Member Silver Stacker

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    Ok will start a vicious rumor no more Ag left!

    I agree Ainslie does close when the buy is on but think that's just while they secure replacement stock at the current price.

    It's a shame but dealers aren't just waiting around for us to buy metal from them cheaper than they paid.

    Would expect many are buyers picking up the cheap spot. I know many hear have called for low 20's and high teen's . Remember this was the call many months ago but still yet to happen
     
    Ag, Dec 21, 2011
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  10. nickg

    nickg New Member

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    I went to Ainslie yesterday to pick up some bullion and they told me they were closing today (21/12/2012) at 2pm.
    So it may have just been closing early to get on the plonk for xmas :)
    Plenty of people in the waiting room at Ainslie yesterday... damn that place has crazy amount of security.. Sweet view from their office window of the Brisbane river... someone must be doing ok to pay the rent haha
     
    nickg, Dec 21, 2011
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  11. renovator

    renovator Well-Known Member

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    I hope thats right
     
    renovator, Dec 21, 2011
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  12. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Frakk knows what's going on. People are throwing predictions out left, right and centre hoping to get it right when really they have no idea.

    Buckle up and ride that rollercoaster.
     
    RetardedMonkey, Dec 21, 2011
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  13. renovator

    renovator Well-Known Member

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    Buckle up ? it feels more like a merry go round atm than a rollercoaster round & round in circles . Havent we been here before ?
     
    renovator, Dec 21, 2011
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  14. jackbrown

    jackbrown New Member

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    Ok then, lets look at what happened in the months prior to the sep/oct 2008 crash.
    There was a peak in silver around march, then a lot of range trading before it began its slide down to below $10 US. That was a greater than 50% decline. At the end of this slide we had the GFC. Coincidence? The price action shown in the chart formation we have just experienced is very similar I would think.
    We shall soon see :)


    [img= SILVER BEFORE THE CRASH]http://silverprice.org/charts/history/silver_5_year_o_usd.png[/img]
     
    jackbrown, Dec 21, 2011
    #14

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