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<p>[QUOTE=&quot;Cloudsweeper99, post: 126517, member: 3011&quot;]My recollection was that the record prices in gold and silver are taken from the futures market at the time, not the real physical &quot;street price&quot; that the average person could get.&nbsp; I&#039;m not sure that it was even possible to sell a gold coin [probably a Krugerrand at the time] at $850 or a silver coins at $50 for even one day for the average person.&nbsp; I remember dealers and smelters turning people away because they had a surplus of a few weeks inventory on hand and didn&#039;t want to commit to buying metal they didn&#039;t need at the amount of the price spike.&nbsp; So I just smile and turn away when someone tells me how they sold their &quot;hoard&quot; at the very peak price.&nbsp; Coin dealers and commerical buyers never got as crazy as the speculators in the futures market.</p><p><br /></p><p>Regarding technical analysis, it works fine for anyone who has really studied and mastered it [i.e., not many].&nbsp; Those who say it doesn&#039;t work really mean that THEY can&#039;t make it work.[/QUOTE]</p><p><br /></p>

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