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<p>[QUOTE=&quot;C Jay, post: 1745275, member: 13184&quot;]Premiums expand on the way down and contract on the way up. It takes a few years for premiums to shrink when it goes flat. I resisted paying $14 when spot was $9 after it came down from $20. Cost me a couple of bucks an ounce when I bought back in at $16 and I still paid almost a $5 premium. When I sold I only got about $1 of premium back but I did double my money. Don&#039;t get too concerned with premiums, cost averaging helps level it out. I&#039;m upside down from my last couple of buys, but the stack is a lot smaller. It may be time to start building again but, I expect it to be a long time before we see the ride like the one we just had again.[/QUOTE]</p><p><br /></p>

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