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 Replies: 9 / Views: 2,034 |
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Pillar of the Community
United States
5615 Posts |
I have been collecting coins since 1963, I have a Very diverse collection, Intaglios, Dies, Currency, Coins, Commemorative s Etc. Along the way, I have been buying up Silver Paying from less than $3.00 a coin and up to 18.00, for the same silver dollars. I have seen the market jump and stay stagnant for years, while collecting have researched the Silver Precious metals " Market " and determined I am Still troubled Today about the determining factors SET in stone that decide the spot prices set forth for us All to see. I see the metal has jumped up beyond $18.00/ OZ for awhile, It climbed upwards of $29.00 / OZ not long ago and dropped to its present day total of around $26.00/OZ. I am seeing a lull in its value, I am also seeing and hearing that the metals value in the near future is going to swell for the usages in Our Daily Lives ?.I am seeking the input of others that have a view of the deciding factors and their opinions as to the direction of the Silver Markets Futures, Thanks All.............
*** Moved by Staff to a more appropriate forum. *** Edited by Morgans Dad
03/17/2021 8:56 pm
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Pillar of the Community
 United States
6514 Posts |
 I don't know but I am sure interested in the responses. |
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Pillar of the Community
 United States
5615 Posts |
Its been awhile, Thank You Staff.......
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Pillar of the Community
United States
7042 Posts |
 with CM.... |
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Pillar of the Community
United States
4085 Posts |
The simple answer would be that individual market participants set the price each day based on their actions when buying and selling. More people interested in buying than selling? Price goes up. More people interested in selling than buying? Price goes down. When the number of sellers and buyers are in equilibrium, the price is set. For that moment in time as this process repeats constantly.
The more complicated answer is that sometimes there are other effects like momentum - the price of silver is going up, I need to get in on that action - or external forces acting on the markets, such as the Covid panic that hit around this time last year that impacted prices (everyone wanted silver all of a sudden).
As to why it varies so much over time, some have compared the markets to a drunken sailor walking down the street. The path is not straight, but it eventually gets you somewhere.
Edited by KenKat
03/18/2021 10:01 am
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Pillar of the Community
United States
1590 Posts |
Chase is well known to have some control over the market and so has Mr Buffet.
It usually runs in a cycle like this: First make your bet to go....short lets say. Then dump contracts on the market forcing the price to go down. Then the usual suspects think something terrible is going to happen and they dump and/or go short.
Now that we have gone short we can bet long. We place our bet and then buy copious contracts, where again the usual suspects panic because they think they are going to be left behind and they buy contracts/go long.
And up....and down...if you have an algorythm run this you can make millions every day.
Why do you think we have almost physical bounderies that we bounce off of?
Occasionally Mr Chase ( I Know it is not a real person) or Mr Buffet, or Mr other prime investor; will need cash for a project and will pull out of the market causing it to drop more than usual.
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Valued Member
United States
182 Posts |
I'm a little curious/frustrated at the precious metals prices currently. You would think with the flood of fiat currency hitting the market, the dollar would devalue and precious metals would rise, but the opposite is happening. Maybe there's a bit of lag?
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Pillar of the Community
United States
616 Posts |
Quote:
I'm a little curious/frustrated at the precious metals prices currently. You would think with the flood of fiat currency hitting the market, the dollar would devalue and precious metals would rise, but the opposite is happening. I'm with you. The problem is that you would think all that fiat currency flooding the market would make Weimar Germany look like Switzerland. But yields on US debt are still low, with the US 10 YR note at 1.74%. That money has gone somewhere, and it's likely into the portfolios of international banks, hedge funds and the treasuries of foreign government. That's why last week's debt auction was so closely watched. If foreign demand had slid, forcing the yield to rise, then the fed would have been up a creek, the stock market would have plunged, and the economics classes I took in the 1980s would be accurate. Instead, it didn't. The markets are hitting high after high, and PMs are drifting downward. But I don't know anything. My wife will confirm that.  Edited by jskirwin
03/29/2021 10:57 pm
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Pillar of the Community
United States
4333 Posts |
JmKendall hit the nail on the head.
As far as metals prices, yeah it's crazy! Spot prices fall, premiums high, and product flies off the shelves. I've heard talk that some coin shops are closing doors for a while, they have no products to sell. There's lots of handouts going on but most of that money is going into cryptos and stocks.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
5191 Posts |
If you feel adventurous, take a plane to Dubai and go shopping in the Gold Souk.
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Replies: 9 / Views: 2,034 |
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Posted 03/17/2021 8:52 pm
