In the short time that I have been stacking with what little my unemployment earnings can afford, I have learned that if you are overly concerned about the momentary fluctuations in the spot price then 1) you don't understand the way the market works (fundamentals are only a portion of the picture) or 2) you are a trader in the futures market and these fluctuations are critical to your success. Other than that, I personally don't think it pays for the average stacker to be too concerned about such constant fluctuations. After all, it is the price of silver we are talking about....notoriously jittery. That said, I think stackers ought to be aware of trends...a trend can be a friend. .
spot on, See what happens Friday. It's pretty irrelevant if you're a long-term stacker though. If we get a string of below expected jobs numbers though things could really start to take off. It is all about picking that month that is the tipping point to a rally, won't be March, but it could happen in the ass end of this year. If Yellen can see this as a potential issue than it most certainly is.
And one day later, the part that rushed back in, again rushed back out. We stackers got rid of them! Nice
About this new element again: it dropped further, in 3 weeks from 183,5 to 178 Moz, being the level it first reached / exceeded around mid january 2014. The Comex total net position 01/04/2014 28442 $19.80 from 25/03/2014 31755 $19.96 $0.16 less, 16,5 Moz future orders cancelled. Price about the same, thus others net bought 16 Moz during the week, with the Comex offsetting the upwards price effect of it. ETF stocks changed only a fraction (couple Moz) So that's 14 Moz bought by other sides than futures/ETFs. Looking at US Mint sales ASE AGE AGB 2014/03/26 4,330,000 19,500 11,500 2014/03/30 4,476,000 20,000 12,000 2014/03/31 5,354,000 21,000 12,000 2014/04/05 293,000 11,000 7,000 About 1 Moz ASE's sold (to dealers) March was a rather exceptional month for ASE's, the highest ever for this month, only beaten by the january's of recent years (that is said to include a part of december sales). March was one of the worst general months in recent years for AGE's + AGB's. April's 5 days has already over half the total march. Apparently the gold coin buyers were smarter in avoiding paying the bloated prices during march, and only now loaded up, after the price drop. The same happened around 2013 mid april big price drop, for the ASE sales, it was like the price didnt drop from $27 to $22, while the gold coin sales nearly exploded during the couple days of that price fall. 2013/04/01 812,000 2,000 0 2013/04/02 812,000 8,000 500 2013/04/03 812,000 16,500 2,000 2013/04/04 812,000 22,500 2,000 2013/04/07 812,000 25,500 3,000 2013/04/08 1,645,000 43,500 4,000 2013/04/09 1,706,500 43,500 4,000 2013/04/11 1,712,000 46,500 6,500 2013/04/12 1,712,000 50,500 7,000 2013/04/16 2,215,000 83,500 9,500 2013/04/17 2,387,000 147,000 18,000 <- Look here: in 1 single day, 3 total march 2014 sales were sold. Nothing happening wiht ASE sales. 2013/04/18 2,387,000 153,000 19,000 <- 2013/04/19 2,387,000 167,500 21,500 <- 2013/04/23 3,068,000 175,000 28,500 2013/04/24 3,232,000 196,500 33,500 2013/04/25 3,232,000 203,500 35,000 2013/04/28 3,232,000 208,500 36,000 2013/04/29 3,356,500 209,500 37,000 2013/04/30 3,975,500 209,500 37,000 2013/05/01 4,087,000 209,500 37,000
