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Correlation between silver prices and ASE sales figures

BaleyBaley Posts: 22,660 ✭✭✭✭✭
in Precious Metals
image

Interesting that both sales and prices peaked in 2011

Liberty: Parent of Science & Industry

Comments

  • mrpaseomrpaseo Posts: 4,753 ✭✭✭


    << <i>image

    Interesting that both sales and prices peaked in 2011 >>



    How so? Meaning, what makes it interesting?
  • mariner67mariner67 Posts: 2,746 ✭✭✭
    It kinda shows that sheeple buy high .
    Usually sell at lows also.
    Well known human trait.
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • derrybderryb Posts: 36,825 ✭✭✭✭✭
    wow, this year sure went by fast. I'm stuck in July.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • rickoricko Posts: 98,724 ✭✭✭✭✭


    << <i>wow, this year sure went by fast. I'm stuck in July >>


    image Me too...and it looks as if this year (when it is finally over) may equal or possibly could surpass last year. Cheers, RickO
  • mariner67mariner67 Posts: 2,746 ✭✭✭


    << <i>wow, this year sure went by fast. I'm stuck in July. >>



    Fast?
    I thought 1997 flew by fast!
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • jmski52jmski52 Posts: 22,863 ✭✭✭✭✭
    If sales peaked in 2011 and extrapolating for 2013, I assume that sales will be cut off in 2013 before the end of the year.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • bronco2078bronco2078 Posts: 10,227 ✭✭✭✭✭


    Baley, can you do a monthly silver spot price and overlay the monthly ASE sales? Maybe its not possible .


    It seems like sales lag price in an inverse pattern. That may not be the proper term image.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Of course 2013 is not over yet; of course someone will ttt the thread in January.

    It would make sense for final 2013 sales of ASEs (in terms of units, not necessarily dollar value) to the public to end up higher than 2012 and maybe even higher than 2011 (due to falling-knife catchers image )

    image

    Liberty: Parent of Science & Industry

  • derrybderryb Posts: 36,825 ✭✭✭✭✭


    << <i>If sales peaked in 2011 and extrapolating for 2013, I assume that sales will be cut off in 2013 before the end of the year. >>


    Since eagle bullion coin production to meet demand is dictated by law the only way we will see sales cut off is a silver shortage at the mint. Not that there's anything wrong with that. image

    image

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jmski52jmski52 Posts: 22,863 ✭✭✭✭✭
    the only way we will see sales cut off is a silver shortage at the mint

    I was trying to be a bit subtle.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Nice chart derryb, saved your current opinion for posterity:

    image

    adding a chart of the facts as they stand now:

    image

    Liberty: Parent of Science & Industry

  • fishcookerfishcooker Posts: 3,446 ✭✭
    It's always neat when higher prices increase demand. image
  • derrybderryb Posts: 36,825 ✭✭✭✭✭
    Baley, thank you for recognizing it as my "opinion."

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    You're quite welcome! And thanks for noting that it's my "opinion" that the spot you've marked "YOU ARE HERE" probably corresponds to 4th quarter 2008/1st quarter 2009, and we're now (3Q2013) approximately at "Fear", or possibly somewhere between fear and capitulation.

    Time will tell (as it always does)

    edit to add: I actually hope that I'm wrong and that you're right about the future price of silver, since I own many ounces. However, I would not be too surprised to be able to buy ASEs for less than $15 apiece (including premium) someday, maybe even by the end of the year image I would be VERY surprised to be able to sell them for more than $50 each before 2020. Hoping for a surprise! cheers image

    Liberty: Parent of Science & Industry

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