The dealer I've been buying from told me on Friday that he'd has 8 x one kg bars in stock. I went to see him today and they were all sold.
Silver Price Watch
- Thread starter STKR
- Start date
The dealer I've been buying from told me on Friday that he'd has 8 x one kg bars in stock. I went to see him today and they were all sold.
Are they a reasonably sized dealer? I guess it doesn't really matter when your business model is supply and demand of PM's. If you don't have product to sell then you're losing out on a sale, which isn't a good model to be working with in any industry. So far, it seems there's no shortage of available bullion with the Aus dealers. It would benefit the holders of metals if that were to change. I recall during the lockdowns of 21-22 the private FB groups were selling silver above the dealer premiums and you had to be quick to get in on a sale. How times change...
Small dealer, but they said inventory is moving a lot quicker than normal.
I'll check in with my local (small time) dealer and see how things are going. It's been many years since I've stepped foot in that place.
I actually left on bad terms with them. I had a heap of gold and they had nothing small in stock. I made a deal with the manager to exchange heaps of 1/4 Oz and half Oz coins for a 250g bar of gold on the basis that when he replenished his stock we'd swap back. I came in a few weeks later and he pretended like he didn't remember our arrangement. He lost my business following that.
Never let your emotions get the better of you. We are close but not party time close.I hope we get there again. I'm waiting to see the "pre-order" signs on the dealer websites. I think the market can only handle a doubling of demand for investment grade bullion before it taps out and supply constraints start to show up. Everytime I get excited about this shit we get hit with a slamming of price and sideways movement for months on end. This is me trying to contain my enthusiasm
Never let your emotions get the better of you. We are close but not party time close.
Yeah, on one hand I have such a long-term outlook that it doesn't really matter to me, and on the other hand it feeds a part of me that seeks validation. That comes from a place where I accept that my assessment may be wrong. Fuck it. That's one of the benefits of not being able to close your position at the click of a button. The emotion doesn't really matter at the end of the day because the consequence is trivial.
I was somewhat hopeful for Silver as the AUS trading day progressed. Was maintaining it's Friday finish - Monday open level.
But the overnight AUS/main markets trading saw effort put into smacking the price of Silver DOWN
But Silver is not so far of that recent High
so a good rest of the week could see that high recaptured 
But the overnight AUS/main markets trading saw effort put into smacking the price of Silver DOWN
But Silver is not so far of that recent High
so a good rest of the week could see that high recaptured
This is the kind of shit I like to understand. But we need to be real about the commercial shorts, there's no way they'd be going rogue and shorting silver for their own personal reasons; they would absolutely be doing it on behalf of certain special interests. Whether it be the US government or the powers behind the US government...So we need to ask ourselves what $400 million actually means to these entities? It would be a drop in the ocean, especially when I hear reports of the $5 trillion being provided to the 8 largest commercial banks recently. Is $275 Million for every dollar just the cost of ongoing price suppression from here on out? For your average person $275 Million is a lot but that's like an hour of interest on the US national debt.
Mate, I started following Chris at the start of covid
I've always been happy to listen to his advice & commentary. Helped a lot to see thru the covid propaganda operation.As for the shorts, u are spot on. This not personal trades. This is the real Big Commercials & they have $ TRILLIONS to manipulate the market to their advantage. J P Morgan got fined $920 Million for trading violations. It was like they shrugged their shoulders & said " meh, just a cost of doing business " & kept on doing the same
Theory I'm strong on is the DoD with it's TRILLION $ budget this year needs Banking that can manage huge accounts. Now the MIC is a very big user of silver - I've heard estimates of 260 + Million oz/year - Now if the managers of this massive DoD budget could use said accounts to help manipulate the price of Silver to the advantage of the MIC,
I could definitely see that happening. & Sneaky bastards they all are, there is definitely happening behind the scenes.As George Carlin said " it's a fucking big club & ur not in it "