Contraction of fiat supply on SS?

I remember when silver was going to the moon and everyone was going crazy. Then it tanked and everyone went crazy saying they hope it dropped even more so they could back the truck up.

I have fiat, I am waiting for a potential price drop at the end of QE2, and I am waiting for the Dragons to come out but at the end of the day if the price doesn't drop and the dragons have all flown then I can just buy some other silver, it is not like it is rare or anything. I have seen a few eBay auctions finish with no bids because they were overpriced. Looks like the eBay frenzy is over for the moment.

I am off to the Pikey meet up so I might pick something up there just to be social like!
 
Just throwing it out there... just following a logical deduction... but maybe prices are too high!?
 
....waiting ...waiting.....waiting...

I'm currently on the sidelines. Firstly I am financing a holiday in August and want some paper readies to spend on a white sandy shore in Hawaii. Secondly I dont beleive there is going to be an immediate hike in the silver spot in fact I am expecting a further downturn. All the events that fueled that spectacular run we all recently thoroughly enjoyed have not yet played out completely. It appears the global financial situation is about to enter a profound change but to what?. One thing I still firmly beleive, human nature will not change so I am expecting more of the same in the immediate future. And with that in mind I will be buying again regardless spot price up or down. I'm not planning to do any serious buying again till 2012.

Its just that occasionaly I see something nice that I would like to have...like a panda, or a southern cross bar....I can't seem to resist....perhaps my sojourn on the white sandy shore in Hawaii can cure me of that. :)
 
I remember in a particular thread during the immediate aftermath of the post silver crash from its high of around $45 AUD that I commented how the prices/premiums being asked for items on silverstackers were unusually high. Everyone then proceeded to shoot me down in flames for that comment. I agree with you somewhat claw hammer though I have noticed prices for items on silver stackers appear to have gradually declined over the past few weeks and are returning to more normal levels. Once prices become substantially more competitive than dealer prices once again, transaction will increase further.
 
Mighty Atom said:
I am financing a holiday in August and want some paper readies to spend on a white sandy shore in Hawaii.
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As a newly immigrated English man it still amazes me that anyone in Australia would chose to travel abroad for a beach holiday.

I guess it would still be a bit chilly in Oz at that time of year and I suppose the exchange rate is favourable, pus whatever other reasons you may have.

My wife keeps wanting to go to the Maldives, we live on a beach in Australia gosh darn it!
 
silvertongue said:
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... :)
Click to expand...

It is all a matter of timing. And anyone that was buying over easter and isn't buying now is timing it wrong.


C
 
Contrarian said:
silvertongue said:
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... :)
Click to expand...

It is all a matter of timing. And anyone that was buying over easter and isn't buying now is timing it wrong.


C
Click to expand...

Have you bought back in yet Contrarian?
 
hope all SS stackers are well.

Good question.

I have my core stack & am not keen on visiting my local AEJ store due to the staff.

Plus 2 x cars rego & insurance.

Putting sometime into fighting illegal council rates with question on notice.

Plus Tas Gov bringing the axe to public service staff.

Plus rising power prices versus getting Solar electricty.

Plus the shower needing re-grouting.

Plus trying to get a Statement of Douties (SOD) for my pay grade set in cement.

I do have some fiat play money to snap up any bargins on the ASX & Pm prices.

The main problem is finding the time to spend on research.

There have been some releases from the Perth Mint & Downies that I am sure would would be good " Flipping material" but time & tide wait for no one.

Enjoy your time stacking & trading.
 
Yippe-Ki-Ya said:
Contrarian said:
silvertongue said:
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... :)
Click to expand...

It is all a matter of timing. And anyone that was buying over easter and isn't buying now is timing it wrong.


C
Click to expand...

Have you bought back in yet Contrarian?
Click to expand...


Nope, it was never my intention to buy back in.

C
 
My purchasing is still little and as often as i can. I'm waiting on a sale, then I will probably make my biggest Pm purchase by some amount. That should be within the next month or so, as long as the price isn't over $40 then i'll go ahead.
 
Still slowly accumulating.....Although waiting until it looks like silver has bottomed before making any significant purchases. I guess there isn't any pressure to buy at the moment, price is generally the same or lower week to week.
 
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