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<p>[QUOTE=&quot;saltysam-1, post: 1744790, member: 23368&quot;]Human nature and part of business, no one wants to be the guy who takes the loss. As spot goes down, those who own PM attach higher premiums when selling. Until they can get out from under the high price they paid, premiums remain high. Once they can average out their cost by buying low themselves, then prices come down. But if they own a lot, to get capital to do this, they must sell first. They will hold off as long as possible, hoping the stacker or collector is willing to pay out a higher price. Then when prices become bullish, they can tout about low premiums because they make it up on higher spot prices. If you want to buy PM&#039;s, you have to be the escape goat for their high inventory costs. If you try and wait them out, you may never buy at the low; loosing your opportunity to maximize your investment. Lets face it, if your active in this market, you may not have the patience to wait that long. Buying one or two rounds does not make you a trader. More of a dabbler.[/QUOTE]</p><p><br /></p>

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