#silversqueeze

[Ttazzman]

Personally I think $59 is the picket fence. $60 is the trench just behind it.

Numbers do play on human psychology. It's why they price an item at $1.99 & not $2 - because the 1's is the thing that registers in ur mind & the extra $0.01 makes it a $2 that registers.

So Silver has only ever had a 5 handle in front of the price. Once it has a 6 handle in front of it, the spell of $50 + is broken & everyone knows that $60 + is the new reality.

Example is the 4 minute mile. Was said ( by scientists/doctors ) that the human body couldn't break the sub 4 minute mile. The sub 4 minute mile was broken in May 1954 & yet it was broken again in June of 1954. Why ? because the 2'nd runner knew it could be broken - Belief.

So breaking $60 Silver could cause a run towards $70 & the big/major players know that & will do all they can to stop that happening.

i think 59 is the line for now....since silver seems to climb in 5$ increments breaching 60$ implies a quick move to 65$ .......just a thought and opinion no science here LOL...... conversely a fight at 59$ can imply and facilitate a move down to ~55......also the 6 handle is just what you said

 

[SilverStacker]

Yeah I learned all that in the grocery business. If you got an item gathering dust on the shelf all they have to do is dust off the shelf, put a sale sign in front of it, and then sit back and watch it sell. Grocery stores operate on such slim margins there will never be really "cheap" items. And if you do find a few they are probably backed up on it, and/or, they are putting it on sale just to get people into the store because they know once your in you'll start buying other things. Thats how retail works ; They want to get you into the store and let you be an American with that CC out.

Another thing, and this made us laugh, is that most generic items are the exact same thing as the fancy ones. Your paying for the name on the box, in fact, its probably the same company who makes the fancy stuff making the generic using the very same ingredients.

 

[Viking]

Yeah I learned all that in the grocery business. If you got an item gathering dust on the shelf all they have to do is dust off the shelf, put a sale sign in front of it, and then sit back and watch it sell. Grocery stores operate on such slim margins there will never be really "cheap" items. And if you do find a few they are probably backed up on it, and/or, they are putting it on sale just to get people into the store because they know once your in you'll start buying other things. Thats how retail works ; They want to get you into the store and let you be an American with that CC out.

Another thing, and this made us laugh, is that most generic items are the exact same thing as the fancy ones. Your paying for the name on the box, in fact, its probably the same company who makes the fancy stuff making the generic using the very same ingredients.

Sam Walton was a master at "lost leaders" to get people into the store for that cheap item. But then he'd have the same product with more features for more money., and then the same product again with even more features for even more money, etc. Customers usually ended up buying the more expensive ones.

 

[SKULL]

Yeah I learned all that in the grocery business. If you got an item gathering dust on the shelf all they have to do is dust off the shelf, put a sale sign in front of it, and then sit back and watch it sell. Grocery stores operate on such slim margins there will never be really "cheap" items. And if you do find a few they are probably backed up on it, and/or, they are putting it on sale just to get people into the store because they know once your in you'll start buying other things. Thats how retail works ; They want to get you into the store and let you be an American with that CC out.

Another thing, and this made us laugh, is that most generic items are the exact same thing as the fancy ones. Your paying for the name on the box, in fact, its probably the same company who makes the fancy stuff making the generic using the very same ingredients.

a lot of the time it's the same Brand Name company & same ingredients that is sold as a " Generic "

I had a small Biz a while ago & occasionally did some work for food production factories.

1 of the Supervisors at a production plant explained how the No Name/Home Brand works. They get a production order for X amount from a Name Brand. That X amount runs for 2 full weeks & then finishes production on a Tuesday, but production line clean is a Saturday/Sunday schedule.

So for efficiency they run the production till the last shift Friday. What do the do with all the production from Tuesday to Friday finish ? They just package it into No Name/Home Brand packaging. It's not that they make less profit on the No Name/Home Brand, it's that they make EXTRA Profit on the Branded Products.

My Pantry if full of No Name/Home Brand products that save me A LOT of money & yes I do buy some branded products because the equivalent No Name/Home Brand product is imported crap, not run off local quality production.

Just takes a little attention to details on the packaging & u can soon work out what is normal quality No Name/Home Brand a opposed to crap imported No Name/Home Brand.

Never buy ANY foodstuff that's imported from CHINA

 

[Viking]

Never buy ANY foodstuff that's imported from CHINA

Unless you have a lead deficiency.

 

[nickndfl]

2:45