On the Bright Side of a positive Outlook

19Lyds

Gold has busted into the $1800's!

bronco2078

prices didnt go down tho

ricko

A temporary thing.... Earnings week is on us.... might have something to do with that... people moving funds. Cheers, RickO

pmh1nic

Another opportunity to buy.

19Lyds

The point being, it's a volatile market where gold and silver are nothing more than commodities. They may rise, incredibly quickly to new heights but they fall just as fast.
Does anybody ever get the feelin that the US Government kinda controls the silver market?
I mean, prices seem to rise when the US Mint issues a new Silver Eagle and then taper off.
Just looks suspicious to me as I've been watching prices nearly daily since 2012.

cohodk

@19Lyds said:
I mean, prices seem to rise when the US Mint issues a new Silver Eagle and then taper off.
Just looks suspicious to me as I've been watching prices nearly daily since 2012.

Maybe because demand is highest when a new product first rolls out. Everyone has to get the most recent date for their collection. Then once the buying frenzy abates prices drop back down.

derryb

@19Lyds said:

I mean, prices seem to rise when the US Mint issues a new Silver Eagle and then taper off.
Just looks suspicious to me as I've been watching prices nearly daily since 2012.

The fear of supply issues (and higher prices) initially drives demand. Experienced collectors realize that in most cases new mint product prices come down.

jmski52

Maybe because demand is highest when a new product first rolls out. Everyone has to get the most recent date for their collection. Then once the buying frenzy abates prices drop back down.

True enough.

This is generally the case with new issues, especially when flippers are crowding out some collector issues. Lately, if you want a 70 for a collection, you are gambling with poor odds if you buy directly from the Mint, and yet they sell out fast. OTOH, you are paying excruciatingly high premiums if you buy a "70" from a dealer.

All the more reason to buy bullion instead of special issue collector coins. I don't know if Mint releases actually affect the bullion market pricing, even in the short term.

19Lyds

@derryb said:

@19Lyds said:

I mean, prices seem to rise when the US Mint issues a new Silver Eagle and then taper off.
Just looks suspicious to me as I've been watching prices nearly daily since 2012.

The fear of supply issues (and higher prices) initially drives demand. Experienced collectors realize that in most cases new mint product prices come down.

You can't be serious. I've tracked Silver for 10 years and that simply is not the case IMO.

19Lyds

@jmski52 said:
Maybe because demand is highest when a new product first rolls out. Everyone has to get the most recent date for their collection. Then once the buying frenzy abates prices drop back down.

True enough.

This is generally the case with new issues, especially when flippers are crowding out some collector issues. Lately, if you want a 70 for a collection, you are gambling with poor odds if you buy directly from the Mint, and yet they sell out fast. OTOH, you are paying excruciatingly high premiums if you buy a "70" from a dealer.

All the more reason to buy bullion instead of special issue collector coins. I don't know if Mint releases actually affect the bullion market pricing, even in the short term.

I gave up on the 70 search a long time ago once I realized that 70 is more or less an award instead of an actual grade.

TwoSides2aCoin

@cohodk said:

@19Lyds said:
I mean, prices seem to rise when the US Mint issues a new Silver Eagle and then taper off.
Just looks suspicious to me as I've been watching prices nearly daily since 2012.

Maybe because demand is highest when a new product first rolls out. Everyone has to get the most recent date for their collection. Then once the buying frenzy abates prices drop back down.

And the price hikes correlate with the hyperbole of the issue. So, if that's not manipulation of the metal , it's manipulation of the mental.

cohodk

@TwoSides2aCoin said:

@cohodk said:

@19Lyds said:
I mean, prices seem to rise when the US Mint issues a new Silver Eagle and then taper off.
Just looks suspicious to me as I've been watching prices nearly daily since 2012.

Maybe because demand is highest when a new product first rolls out. Everyone has to get the most recent date for their collection. Then once the buying frenzy abates prices drop back down.

And the price hikes correlate with the hyperbole of the issue. So, if that's not manipulation of the metal , it's manipulation of the mental.

Quite the paradox.

bronco2078

Anyone anxiously waiting to buy the new ase design at a huge premium isnt too bright.

A series that goes unchanged 30 years then gets a facelift? its a dead coin walking not a sign of rebirth.