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<p>[QUOTE=&quot;desertgem, post: 1036563, member: 15199&quot;]Maybe now is a good time to be reflective and think about the investing side. I suspect many of the late comers are breaking even or somewhat behind. Also I think now, we have some who before said they wanted a dip to buy , who are taking a second and third look at things. Most have tried to express caution as to % of possession of PM in portfolio. We have all said to not buy PM you can not really afford to lose, and I suspect many in the US has. So many ask why?&nbsp; Could it be that the world as a whole is starting to see a change in their economy so that the need for PM is lessened, or is the economy seen so bad, that money is spent on other things? I saw in a news report recently that many in cotton producing areas are stuffing cotton thread and fiber into 55 gallon size drums as a commodity need. Not silver but cotton, which to them is the closest to economic safety they might get. Almost all of our previous reasons for the price increases in PM were linked to political unrest, dilution and decrease in the value of the dollar, European ( Irish) and other banks still close to failing, trade balance, etc. So why might the PM market be seemingly unresponsive? Is it just that it ran up too fast, and by Jan or so , will be back up, or does it have a long ways still to go down because things were never as bad as we thought overall.</p><p><br /></p><p>I am reading Benoit Mandelbrot&#039;s book &quot;The misbehavior of Markets&quot;, and although he is the founder of Fractal geometry, and an arrogant **** , he does have interesting data and interpretations on the financial markets. He finds that all markets, from the original cotton market he studied to major stocks, there is a long term and short term memory in price fluctuations, and that extremes occur much more often and in greater % than accounted for in most financial models. I started to think, maybe he is correct and the long term memory of the last gold/silver bubble in the minds of those that experienced it, influenced the sudden extremes lately, so maybe this last peak was when the long term memory overwhelmed the short term memory of almost consistent upward climb? Just curious what people think outside of conspiracy theories and end of times thinking, as I do not see these happening, Just a thought to keep the tumbleweeds away.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

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