Toofuzzy, I've been buying and selling precious metals for a while now. The first bag of 90% silver dimes was in 1992, when silver was just above $10 an ounce. I've also sold a lot of gold nuggets/dust that I mined, in 2002 at $290 an ounce. Point I am making is that I am always a buyer and a seller at any given price. Now, we here on PMIC have advanced a number of theories as to why gold and silver have declined from highs of $1800 and $50 respectively...from outright market manipulation, to unfavorable actions by the fed. Similarly, one could look at the price of oil which has gone from the teens, to $150 a bbl, back down to around $30 recently. So, what is going on with commodities in general? I really can't point to any reason why they are all so depressed in value, but smarter people than I are calling a bottom in 2016.
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