flower-shilling

Silver Price Watch

looks like the physical will force the hands of paper. get the pop corn ready, got a show to watch soon enuff
 
"The recent surge of PoS has been impressive, wouldn't you agree? Upon reviewing the daily price charts for Silver, it's evident that Elliot Wave 3 has been the most prolonged and robust wave as with most times." Profit taking will ensure.
 
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"The recent surge of PoS has been impressive, wouldn't you agree? Upon reviewing the daily price charts for Silver, it's evident that Elliot Wave 3 has been the most prolonged and robust wave as with most times." Profit taking will ensure.

I would've loved to see it bust a hole in $30 before the pull back. $30 support has a nice ring to it.
 
Possibly a rebound off the moving average if $26 support holds up.

Screenshot_2024-05-01-14-41-23-70_a068875e8d70110f8d1ec48729c67374.jpg
 
the good stuff haven't really surface yet, may be later
good to buy more stuff
no gst
 
Those candles for silver look so enticing for a long! But is it a trap? Friday smack downs I hate so much. I'll drink beer instead and be happy.
 
Was making some content flicking through ten australian online bullion sellers showing their spot price then lastly referencing reputable charts. Price varied 1-2 cents during process, and the spread was up to 30c, with Jaggards and ABC being wildly above, most being 5-10c above and Swan , KJC(!?!) and Ainsley actually being accurate. So. There is much i dont know, and much i dont want to know, in regards to dealing with metals, but why cant bullion dealers read from the same hymn book. I understand they have differing reset time periods, but im not talking about their products or premiums or anything to do with that reset of product price. I was only reading their stated spot prices at top of screen. I think it would lend some credibility to the industry if there was uniformity there. But im all ears, why are the spot prices almost all different?
 
Was making some content flicking through ten australian online bullion sellers showing their spot price then lastly referencing reputable charts. Price varied 1-2 cents during process, and the spread was up to 30c, with Jaggards and ABC being wildly above, most being 5-10c above and Swan , KJC(!?!) and Ainsley actually being accurate. So. There is much i dont know, and much i dont want to know, in regards to dealing with metals, but why cant bullion dealers read from the same hymn book. I understand they have differing reset time periods, but im not talking about their products or premiums or anything to do with that reset of product price. I was only reading their stated spot prices at top of screen. I think it would lend some credibility to the industry if there was uniformity there. But im all ears, why are the spot prices almost all different?

It would come down to individual business decisions. Bullion dealers hedge their physical stock and work on margins that a pretty small in the big scheme of things. By having a buffer between their spot price and actual spot, they're less likely to lose money between the time of sale, hedging and restocking. ABC Bullion are big fish in the Bullion market. They're also a massive refinery that handles a good portion of metals mined in Australia. No dealer that I know of actually claims the spot price on their website is the actual spot price... It's just what they've set their spot as for retail sales. Keep in mind that ABC offers 'pool allocated' metal purchases with extremely low margins, so this is probably a factor to why they have a 30c variation. I'm unsure if jaggards offers this service but they are just down the road from ABC and probably view such a move as being in-line with their competition.
 
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It could just be the hedging costs, as fee vary with the lot size to hedge.
 
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