I tell them all the same thing.
It's not going to happen.
Volume is down, yes. But the dollar continues to depreciate hard. And moving watches across borders continues to be prohibitively expensive.
Supply is drying up. Dealers are holding onto inventory. And consumers are holding on to their wallets.
Meanwhile market pricing continues to slowly creep up.
This tension snaps in the next 6-8 weeks. Prices will rocket up.
And they won't come back down.
Here's what you need to be doing now:
Take positions.
Buy into precious metal pieces.
Don't let fear drive your decisions.
So what's driving your behavior right now… Opportunity or fear?
I talk to a lot of guys who are waiting for the sudden and precipitous drop in watch prices.
By ERICH WOLTERS