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Message:: [QUOTE="desertgem, post: 1052285, member: 15199"] A long time ago ( eons it seems to me), PM prices were mainly determined by consumption by industrial, jewelry, coinage, etc., so movement was small and determinative by other sectors of the economy. Lately, it is more driven by financial weakness, greed, political scenarios, greed, grassroot accumulation, numismatic manipulations, and even greed. So, many of the factors are far from consumer consumption like jewelry, etc. So when small movements in the far past might tend to occur, these current  factors magnify it greatly in either direction. The greater the fluctuations over a period of time ( volatility), the more these other factors are playing.     If you are buy and hold, say bought at $28, and silver goes to $30, you made $2 paper profits. But if you just hold, and it goes down over 2 weeks to $28, you lost the $2 paper profit, whereas those that sold kept it. If it then goes to $27, you are negative a $1, and traders buy to ride again. This can go for a fair period of time, slowly raising the average, so you do make some more paper profits, but that can go anytime, and is nowhere near the taking real profit at certain levels scenario. Many are afraid if they sell, the price will go up and they will miss some paper profits, so they forgo the real profits. The amount of reward in the end will reflect the amount of risk. AIMO. Jim[/QUOTE]