Message:

<p>[QUOTE=&quot;medoraman, post: 1700759, member: 26302&quot;]Wait for a few more gyrations, and for people to get used to the new pricing structure. Like I said, I and anyone with a history around PM predicted this. Basis always increases in a steep decline. </p><p><br /></p><p>Everyone thinks they are getting a &quot;bargain&quot; now since they were used to paying $35 for an ASE. Humans are creatures of habit, their memories are as long as you know what. What will happen is pm rebounds, goes down, rebounds, goes down again, people see they are not GUARANTEED a short term profit by buying at these levels, new inventory starts building up, people need to sell, and the basis will decrease. Or, prices go back up and people are glad they paid the high basis. The latter is what happened in 2008, the former in the 80&#039;s. If markets stay in this price band, premiums have to decrease. There is only so much pent up demand, especially in silver.[/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