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<p>[QUOTE=&quot;medoraman, post: 1734619, member: 26302&quot;]Krispy gave a nice answer, especially about the dangers of listening to anyone as if they know what will happen, especially short term. If you ever read somewhere about how someone &quot;knows&quot; what a market will do short term, make sure you print that page. You keep that page because it is proof how that person is a complete and utter idiot. </p><p><br /></p><p>Its impossible for anyone to ever &quot;know&quot;. There are maybe 10 billion variables that affect pm pricing. Some might be more important than others, but all can affect pricing, especially short term. About the only thing &quot;knowable&quot; about pm pricing is long term, because of monetary policy inducing and encouraging mild inflation, pm &quot;should&quot; long term go up around the level of inflation. This is over DECADES it &quot;should&quot; go up, but even this is not 100%.</p><p><br /></p><p>So, what to do if no one can &quot;know&quot;? Educate yourself. Understand the assumptions of bulls and bears, and make up your own mind. Never blindly accept any &quot;common knowledge&quot; or snappy little catchphrases people can come up with. 20-30 years ago there were tons of derisive, bearish phrases against pm, today there are a lot of snappy cute little bullish phrases. </p><p><br /></p><p>Never &quot;believe&quot; anyone. Make up your own mind. If you believe different than me, or Krispy, or Inflexion, or anyone, that is cool. If you are debating here on the forum, though, you will be asked WHY you believe that way though. I for one believe this is extremely healthy. One should be able to articulate WHY they believe something, no?[/QUOTE]</p><p><br /></p>

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