Originally Posted by
sledge
Looking at the 60 day and up charts it appears we may have hit a bottom recently, and thus why prices are so low (for us who scrap gold items)
But today's close was at $1154 troy/oz which is near the levels we saw back in June.. so hopefully the buyers will follow suit and RAISE prices as they can, when they can.
We had dipped as low as $1080 troy/oz so lets cross fingers that we can get back to at least last years prices soon from buyers!
Personally I believe there will be another dip in the next 6 months which will take us to a new rock bottom in the last 5 years. 12-18 months after the bottoming out I could see a 1200-1400 market place. Atleast this was my thought pre-China currency devaluation...
With respect to "RAISING" the prices, understand most buyers who have been around and maintained for years, have rode the rollercoaster down hill. From our perspective, we averaged a price change in the last 12 months, roughly .8 times per month. Meaning our price list changed about once every month and week. I believe in stability rather than fluctuating pricing every "increase" in the market or "drop". I trust our service is an indication of that theory and not just my false reality.
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