Contraction of fiat supply on SS?

L

Lunartic

Member
Silver Stacker
Noticed that quite a few sale threads are not being taken up or take quite a while.

So what's the story?

Contraction of SS fiat supply?
Everyone waiting for Dragons?
Frenzy has ended and more rational buying is now happening?
 
Dragons, sc bars, pandas and other group buys probably drained a load of fiat :|

Although plenty of people are just camping on the sidelines, don't think fiat is that short it's just that most people already have the stuff on sale (or don't want it) and are probably waiting for bargainssssss to pop up to snipe up.

For me though my lack of spare fiat is the stupid bills I have to pay off this month, the pain of getting three three-month bills at once >_< (AGL, EA, Telstra).
 
I agree but the price has to be fair :cool: we are a well educated group
 
With QE2 ending and the uncertainty in Europe, I think a lot of folk are concerned about price volatility - and a general short term bearishness is keeping hands in pockets.

Prices have to be sensible though and generally reflect spot plus an acceptable premium - you won't get pre-Easter premiums with the current sentiment.
 
People might be waiting to see where the next price trend is, silver had been floating around in circles in the Sargasso Sea for a while.
 
Personally a Pig in $hit :) Really enjoying the spoils of my buying over the last 6 weeks from here,fleabay and various dealers with little competition...or if I miss out then another opportunity steps up minutes later somewhere else...

EVERYONE - SILVER IS GOING TO $10/oz TOMORROW!

YOU MUST SELL TONIGHT OR YOU WILL LOOSE ALL IT'S VALUE!

DON'T PANIC - I WILL HELP YOU! I WILL BUY IT ALL AT $10.50/oz BUT ONLY FOR TONIGHT...FIRST IN BEST SERVE...

I'm waiting by my inbox now...

<hope someone take's the bait :) >
 
Once upon a time & not so long ago an open trade on SS was quite an event. Now everyone is doin it !
 
During the run-up in price ( ie. pretty much every week since at least Nov 2010 the SPOT has been increasing week after week ) so money got piled into silver. Now the spot has stopped doing that so that people are reluctant to buy now.
Those who bought before, would still buy - had it not been for a single thought that keeps entering their minds that maybe next week it will be cheaper and than il buy more.

:)


Ultimately,, the drop in the price of silver is a blessing for us stackers.
 
What Thucy said is correct. ^
As spot was rising quickly at the end of last year, there was some sense of urgency which is currently not there. The feeling seems to be that silver is just sitting in a well defined range at the moment, and nothing will happen in a hurry. (more seasoned stackers will smirk at this... )
Certainly there's not as much confidence from those who bought over the Easter spike, and while the market isn't as aggressive as it was late last year, any trader who isn't a complete depressive pessimist can tell you that the fundamentals are still well on the bull's side, both short and longer term.
It's all a matter of timing... :)
 
Agree about the sense of urgency thing.

In the long term I am fearful about supply constraints.

In the short term (with the exception of some lunar semi-numis) I see no problem with the supply chain.

Thought I'd see if I could sell 5kg bars at spot...... I'm listing them on Spotmex at the moment. No bites after 1 hour.
 
I'd definately be up for buying more silver at this stage, but am unfortunately out of fiat due to my further investment in my property ...
 
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