Why the spike in PM's today????

The downside will be broken if the pm market stays low. I think this is the second or third downturn in pm since I have been on CT, and in every one people jump on here saying "the fake paper markets don't matter anymore, this is the end of the fake paper and physical pm will be worth much more", yada yada yada. A few months later when the basis reverts to normal they disappear. Basis increases in downward movements, and CAN decrease in upward ones, (dealers try no to though). It always takes a while for inventory to catch up and force premiums in line. Think about it. If just last year silver was $18, that is fresh in your memory and you are not happy to sell at $14. It either takes new inventory, or enough people to believe its not coming back and have to sell, to put enough inventory on the market that dealers are forced to lower premiums to make sales. Has worked this way for 40 years at least.

 

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I suppose I should do more shopping comparisons, but I have seen the premium over spot tighten just a bit lately. I've been tracking JM and they were over $1.50 an ounce premium a week or so ago. That has come down to $1.35 an ounce give/take on their cheapest bullion (not fancy or collectibles, the cheapest 1ozt bars they have).

I should be looking at other sites. Someone showed me comparesilverprices.com last month and that was a nice find. I tend not to trust very few bullion dealers. I think I have a handful of 3 right now that I will buy from. But it's nice to have a market rate to hold them to.

I'm just happy that I bought doubled down last month. I am doing DCA over the long haul so I have some to liquidate in retirement and have plenty of time to sit on it.

Good bump today, I think it will be short-lived this month - but will show a strengthening trend towards 2016.

 

Exactly, and they are not even talking about the "physical market" , the are strictly talking about "retail silver" which has its quirks. If you have the means to buy investment grade, you can get all you want, very close to the "fake paper price"