Discussion in 'General Precious Metals Discussion' started by SilverHaas, Jan 28, 2021.
The silver market was always going to be too big for them to make any real impact unfortunately.
Why because 99% of physical silver is "priced" from Spot but has nothing to do with Comex...... Very unlikely a refiner or Smelter buy from source ie mine if they are looking for 5000oz since this is nothing
Much like Australian LPG Gas price is based on Singapore Sweet Oil Futures +- BTU Thermal +- LPG Premium or Discount, the gas never goes anywhere near Singapore but to China. Korea and Japan
Sold my PAAS, almost same price I bought last week! No point holding a silver stock unless can make at least 30-40%.
I’d settle for 20-25%!
Yes, it went up nearly 20% earlier in the week. If I sell on Tuesday, I can get a free coin. Too volatile so I'm out. Also concerned about talks on a Feb stock market correction.
Anyways, got a bar over the weekend, not looking back.
Being a baby stacker, I look at that and wonder if it is:
1) always delayed as a marketing technique to drive desire for the product
2) really in high demand
3) some other reason
They only make money as they sell so delaying wouldnt help them. They want turnover as fast as possible and to make their money.
It's just low supply and high demand right now imo.
transportation is a problem during covid, so they can not so easily orders from everywhere
when price drop too fast, big buyer can single handedly clean out the limited supply
no its not marketing, just describe whats going on
high demand ? may be not...as some other supplies are available
premiums differentials are everywhere
Quite a few big names jumping on board
Patrick Karim just posted a couple of very interesting charts
There is supply but depends on what do you want(coins or bars) and how many oz's?
True, limited supply I meant. Lots of stuff sold out here in the US and it's really dried up. Not sure about other places.
The past few years there was tons of anything you wanted at any time it seemed.
Just seems dry out there.
Lots of market manipulation going on, they play both directions. A market analyst recently made a very good comment. It's not important to get it right all the time, just "diamond hands". He makes a very good point. What he is trying to say is, don't bother with the daily price fluctuation, however volatile it is.
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