Just looking through the trading posts on the forum over the last few weeks and they are predominately "WTS" and not "WTB". To paraphrase Dr Julius Sumner-Miller - "Why is it so?" Are folks a bit shy about parting with their cash or are people short of moolah and selling their stack? I am not asking specifics about anyone's personal situation but does the trend seem that way to others? Is now not a good time to buy what you can afford?
The speculators are being driven out of the market! The folk who have a very good grasp of world politics and have a good grasp of historical events are accumulating. As we have said many times on this forum, understand why you are buying precious metal! Soon the fliippers and speculators will be like...dust! H
I think the predominant sentiment right now is "we might actually see $15/oz", which a few months ago was laughed at. I have seen a change in sentiment since I first registered, which is February this year.
I don't think there are many SPECULATORS in this forum. Sure there are some traders/flippers but they wouldn't be selling at these prices. I think people here sell because they have to for financial reasons. And from my observation you don't get many sellers on a sudden big dip but if prices remain suppressed for a while then you see more selling probably because there's no bounce in sight and they can't hold out any longer. If you have the dosh I would say this is a great time to buy. Those lucky new comers. For those who's been around for a while I think have been buying for months now so I would say we're tapped out (personal experience). Then there are those who are waiting for $15 silver.
I sort of agree with both of the above. Gold/silver is a poor gamble at the moment in terms of turning over a quick dollar. I am not sure we will see $15/oz but there is great uncertainty about which way it will go. So, are guys (and girls) who trade on this forum speculators? I think the majority aren't. I suspect that we, as a group, are just buying bits and pieces and not actually investing.
I think you're right that the vibe has gradually changed to more negative and reluctant to buy. Personally, I feel no interest no matter what the deal. If I had one word for my mood regarding precious metals it would be 'sullen'.
Im more worried when the trading section is quiet. Just like a toddler/baby...something not right when he/she is quiet.
Typical market behaviour. Sentiment driven, and somewhat predictable. It happens in every market, over and over, and 'tis to be expected.
You would think that with age comes wisdom. Not so. I will never see 60 again and I am still addicted to the shiny stuff. Someone (Einstein?) said that foolishness was doing the same thing over and over again and expecting a different result. Now I think of that, that could apply to a few people on this forum. No disrespect meant - just a gentle poke at ourselves.
Hell yeah, I've collected a fair whack of stuff in the last three weeks, stuff I wouldn't have looked at 3 months ago mainly due to prices.
Just bought a pair of 500g Bars less than an hour ago, I don`t care what the price is doing really, I`m stacking baby!
Know what? All those price fluctuations, due to all that misleading / manipulation (not limited to silvers market), have nothing to do with speculation. It's rather the contrary, if there had been more speculation instead of theft, the price trend would have been much stabler. Who is out then? Well, I'll tell you: the money for nothing club. They entered the silver market, talked about the moon, dumped, and left, eventually for some other place to try the same there too. That's what they do. 'Making money', they call it. I've seen some passing, on forums. They aren't speculators. They are just thieves that use modern methods. I'd welcome real speculators. These stack silver when plenty is for sale and price is low. This way, they prevent the price from being driven even lower. Then, they sell when few is for sale and price is high. This way, they prevent the price from being driven even higher. And how comes they are able to do this? Because they put effort in understanding, and foreseeing. And they don't talk about moon and doom. They don't try to drive other people into mistakes/losses. Instead, they stabilize the price trend, and a stable price trend, is for a monetary used asset a big plus.
My friend, you would make boiling an egg complicated and, if it didn't turn out perfect, then there would be a conspiracy theory as to the reason.