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Posted 04/21/2013 3:30 pm
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Eventually, as has been discussed, things will revert. For now, the dealers are making sure they get the last gasps on the unknowing bag holders and months later, everything will come closer to actual spot, at least whats what I was told this week.
Eventually, as has been discussed, things will revert. For now, the dealers are making sure they get the last gasps on the unknowing bag holders and months later, everything will come closer to actual spot, at least whats what I was told this week.
That's what I'm thinking as well right now. As long as silver was only dropping a little at a time, I felt it made a lot of sense to "buy the dips" and don't regret doing so. Now that we have had a major drop, however, the dealers either have nothing in stock or have raised their premiums so high the prices are actually higher than before the drop. "Backing up the truck" simply isn't an option right now. Instead, my strategy now is to wait and hope that spot prices stay low long enough for the premiums to drop back down and for dealers to have more stuff in stock.
Again, I don't regret buying the dips on the way down, but I certainly think it's now time to exercise some patience. Fortunately, if prices do suddenly go back up I won't feel like I missed any sort of golden opportunity precisely because I did buy the dips (and, of course, because there currently aren't any golden opportunities around as far as I can see).
