Buy or Wait?

A bottom amount futures positions is a "best" moment to buy, but only on the 3 months term, so if you don't buy now, next opportunity would be january. If the price will be higher or lower or the same I don't know, that depends on all of you folks. :P
 
If you're buying 500+ ounces at a time, you might wait. But if you're buying 10 ounces at a time, a few cents here and there is no big deal.
 
ryan71 said:
If you're buying 500+ ounces at a time, you might wait. But if you're buying 10 ounces at a time, a few cents here and there is no big deal.
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Except if you are paying shipping costs (most dealers offer free shipping for orders over $X) and except if you can get a lower premium with the purchase of a few 10 oz bars then waiting till you can make a bigger purchase at a presumably lower spot price may become worth it.

No guarantee spot will drop a good percentage though...but chances are it will within the next couple or so months. Patience is a virtue.




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Depends what you anticipate buying.

Some folk have been waiting for lower prices to buy certain coins but now they have already been purchased (Sold-out / unavailable) or...premiums have increased.

Folk who already have a few ounces who are anticipating buying bullion bars etc may wish to wait but...keep an eye on the Australian dollar...if the Aussie dollar has a significant drop against the USD then you won't see much of a price benefit in relation to metal prices.

Having said that, another thing to watch is the updated reports of the leading world silver producers. You can see the leading producers here:
https://www.silverinstitute.org/site/supply-demand/silver-production/

Pick a top producer from that list (Link above) and...then research how much it costs to produce an oz of silver, (Production report) also, check which producers hedge their metal.

For example:

Fresnillo - World's largest primary silver producer and second largest gold producer in Mexico.
http://www.fresnilloplc.com/investors/

Production Report - 30 Sept 2014
http://www.fresnilloplc.com/media/168890/141015-production-reportfinal.pdf


Mexico, Peru, Chile

Hochschild Mining plc
http://www.hochschildmining.com/en/investors/results

You may find that the actual cost of producing an oz of silver and the cost of producing gold or other metals from these big miners "may" have a large impact on them.
 
Peter said:
Buy when it's settled down and on the way up again.
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That statement means little without a time context.
How long a settling period? Days? Weeks? Months?
And what defines "settled" when we are seeing massive swings of 2.5% in a day?
 
Leave a 1 week buffer, if you wished you bought last week then buy today.
If your glad you didn't buy last week then wait 'till next week.
 
buy first using a credit card, once your pay is in, pay off the card.

wait for your pay, once on hand then go shopping.

wait-buy-wait-buy
buy-wait-buy-wait
 
Keep in mind:

The US Mint has just issued an alert to Primary Dealers across the US that Silver Eagle inventories, which according to the Mint began today at over 2 million ounces, are now SOLD OUT as of 12:30pm EST.

The Mint has reportedly sold through over 2 million ounces in less than 2 hours!

It appears that the $15.50 level was the line that broke the camel's back regarding physical inventories, as physical demand has simply EXPLODED on this morning's futures dip below $15.20.

At approximately 1pm EST, one of the largest Primary Dealers in the US issued a notice to all purchasers that premiums for ANY PREVIOUSLY PLACED PURCHASES FOR SILVER EAGLES ARE NO LONGER VALID!

http://www.silverdoctors.com/breaki...2-million-coin-surplus-sold-in-under-2-hours/
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and

Precious metal dealers in Germany have literally been run down after the latest slump in gold and silver. Wholesalers already expect deferred deliveries.

The latest plunge in gold and silver late last week has led to a sharp increase in demand by German precious metals investors, which also continued on Saturday. There was a particularly strong demand for silver coins. "On Thursday and Friday people had to draw numbers in order for us to control the run", reports Andreas Heubach, CEO of Heubach Edelmetalle in Nuremberg. "On both days we sold each around 40,000 silver ounces incredible", he said. "Demand is back and hysteria as well", he evaluated.

Tremendous Run
"The run is tremendous, even today on a Saturday", Christian Brenner, CEO of Philoro Edelmetalle GmbH in Leipzig and Berlin reports. Despite the high counter trade level in September, demand has increased by 100 percent, online-trade even soared by 300 percent.

"Run is not the right expression", says Ren Lehmann of Mnzland in Dresden. "We've seen up to 80 percent of our regular customers taking advantage of the slide to build up more positions. On those two days, on Thursday and Friday, we made approximately 50 percent of our monthly revenue", he reports toGoldreporter. Maple Leaf (1 oz.), 1 kg Lunar and oz. Great White Shark were particularly in demand, since Mnzland had a special offer on them. In gold especially 1 oz. Maple Leaf and 1 oz. bars have been purchased. The ratio of buyers to sellers has generally been at 50 to 1.

http://www.goldreporter.de/german-precious-metal-dealers-report-huge-run-on-silver-coins/gold/46086/
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