Message:

<p>[QUOTE=&quot;westnlas, post: 1689899, member: 28223&quot;]I don&#039;t believe they are bullion traders so to speak. A trader earns off the margins, so they attempt to move as much metal as possible. Price fluctuations don&#039;t affect them as much. Mom and Pop wannabes get antsy when the perceive a loss on the horizon. However, this is foolish to pull a saleable inventory because we don&#039;t KNOW where it will settle. $16-17 is not unrealistic, simply because the cost of production is lower than $15. And if the Hunt hoard rumored to be several billion ounces of $2 silver were released, it could drop it to $5-9 I believe. I know there will be a lot of differing opinion, but no one really NEEDS silver with the exception of some minor manufacturing. That which was used in photography is largely obsolete now. In fact one of the reasons for the current trend was the dismal economic reports from China. It is felt that the Chinese who have been the world&#039;s largest buyer of Silver bullion (since the government allowed private ownership) won&#039;t be buying nearly as much. Lower demand equates to lower prices.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in