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<p>[QUOTE=&quot;medoraman, post: 1269225, member: 26302&quot;]The other, sometimes bigger, variable is human sentiment. It would be wonderful if charts would help in any bigger global moves, but I believe that is the shortcoming of charts. They can be used to micromanage purchase points, but they simply get overwhelmed and rendered meaningless by business changes. If you start getting lots of stories about how great an investment silver is, you start having more money poured into it, and prices will change regardless of what the charts say. Supports, ceilings, all of it is meaningless when overall demand or supply moves. </p><p><br /></p><p>Unfortunately investing is one of the areas in life most fraught with human emotions, both good and bad. Trying to choose your investments and not be swayed by those emotions is not an easy task, even for investors who are fully aware of this issue. Right now I think you do have priced in positive investor outlook for PM into their price. Because of that I would consider this market a little more unpredictable. To be fair, I thought the 90&#039;s were pricing in negative investor outlook on PM, so it swings both ways. To be a neutral investor outlook, I would go along with Cloud&#039;s number of around $25ish. If you accept this, (you don&#039;t have to, you can decide yourself what levels of investor psychology is in the market), it helps you I believe understand what level of risk is possible, and what the driving factors to price change would be. To me, at these prices, I think the number one mover will be investor sentiment good or bad about the economy. I think a new demand for silver coul be announced and not really move this market, since I do not think its industrial demand driving these prices. Maybe I am wrong, and if such an announcement DID shoot the price of silver up, I could then use that fact to reevaluate my own thoughts.</p><p><br /></p><p>Not trying to say I am right at all, or predict anything, just explaining a thought process. Feel free to input your owns views, but however you feel I believe thinking of these issues this way helps.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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