Folks who make their living by moving large amounts of silver should surely have better information about the market and futures than I do. If they're betting on continued price drops, it seems like I'd be foolish to bet against them. For now, I'll keep my greenbacks and let them keep their (promises of January) silver.
JM is advertising (at the moment) 2016 ASE as low as $17.08 each ($17.67 if you pay with check or wire)-ships Jan. 22. And I'll wager they haven't opened any 2016 rolls either. http://www.jmbullion.com/silver/sil...culated-ase/?gclid=CKiulv3NvckCFY0XHwodI5MGYA
I had the impression, apparently mistaken, that they were offering these 2016 rolls for future delivery at a lower price than 2015 rolls for current delivery. Looks like 2015 rolls are $351, as opposed to $361 for 2016. So it looks like they expect prices to be fairly flat.
Most major bullion dealers are going to have their positions hedged. (no risk of losing money whether the price increases or decreases) Any un-hedged major dealer wouldn't of been likely to survive the bear market of the past few years.
I could not recall his entire line..."This is a *** Magnum, the biggest handgun in the world. Are you feelin' lucky punk, well are ya'?"