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<p>[QUOTE=&quot;medoraman, post: 1265302, member: 26302&quot;]Good thought Cloud, I would throw one thing out. We are performing the opposite by assuming that pricing will never have an affect on demand. Silver at $40 is very different than silver at $10, yet we are assuming industrial demand will remain constant. If history has shown us anything, it is that absent a very few inelastic items that are only inelastic for periods of time, higher costs will reduce demand. </p><p><br /></p><p>Looking at silver insitute graphs, I see production climbing and the only demand that is going up is &quot;investment&quot;. Can investment continue to &quot;use&#039; more and more production every year, and offset industrial demand drop? That is what is being assumed I suppose. </p><p><br /></p><p>I am taking way too long to simply say you are correct to not predict a future based on future technology, yet some of us here are predicting PM future ignoring what historically high prices have done to industrial demand. To me, that is also in error. Now, maybe &quot;investment&quot; demand WILL &quot;use&quot; all excess production. I am not predicting price future, simply saying that these prices should decrease industrial demand, and if it does and &quot;investment&quot; demand abates, what would happen?</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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