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$50 Silver: Bubble or New Norm?
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<p>[QUOTE="medoraman, post: 1173591, member: 26302"]I would say cost of production on primary mines is the only place to start as well. It has to be assumed long term it has to resort back to that number, but short term it can do anything. My main concern about using this as a base is the sheer quantity of "investment" silver that has been sold the last few years. If the "investors" find a hot new investment, I feel the cost of production could be breeched short term with this product coming onto the market. On the flip side, with some more scares to the dollar and declining stock investor sentiment, I could see it retrace its earlier prices.</p><p><br /></p><p>Right now its a psychology driven market more than fundamentals, which is what makes me nervous. I don't like participating in a market where human emotion is the key driver. If you are a long term buyer, just DCA into the declines, buying $XX a month, (NOT xx ounces), but if you are a market player good luck. </p><p><br /></p><p>Cloud, you can now attack DCA. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Edit: Btw Cloud, do you have any kind of figures detailing COP for primary mines? I am not attacking your number, just asking if you had a source I could use.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1173591, member: 26302"]I would say cost of production on primary mines is the only place to start as well. It has to be assumed long term it has to resort back to that number, but short term it can do anything. My main concern about using this as a base is the sheer quantity of "investment" silver that has been sold the last few years. If the "investors" find a hot new investment, I feel the cost of production could be breeched short term with this product coming onto the market. On the flip side, with some more scares to the dollar and declining stock investor sentiment, I could see it retrace its earlier prices. Right now its a psychology driven market more than fundamentals, which is what makes me nervous. I don't like participating in a market where human emotion is the key driver. If you are a long term buyer, just DCA into the declines, buying $XX a month, (NOT xx ounces), but if you are a market player good luck. Cloud, you can now attack DCA. :) Edit: Btw Cloud, do you have any kind of figures detailing COP for primary mines? I am not attacking your number, just asking if you had a source I could use.[/QUOTE]
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$50 Silver: Bubble or New Norm?
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