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<p>[QUOTE=&quot;yakpoo, post: 1163979, member: 18157&quot;]That&#039;s true, but the point I&#039;m trying to make is that silver is going nuts relative to most any other measures of value and non-speculative demand can&#039;t support these prices.</p><p>&nbsp;</p><p>Since August of last year (the exact time I predicted a pullback in PM prices), silver has been on a parabolic rise...<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" />. </p><p>&nbsp;</p><p><img src="http://www.kitco.com/LFgif/ag00-pres.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p>&nbsp;</p><p>Fundamentally, I believe I was correct. What I didn&#039;t take into account was &quot;<b><a href="http://en.wikipedia.org/wiki/Tulip_mania" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Tulip_mania" rel="nofollow">tulipomania</a></b>&quot;; the irrational behavior a crowd develops with they feel they&#039;ve &quot;missed the boat&quot;. They want to believe the rise will continue unabated and latch onto any story that supports that belief...and become hostile towards those that offer contradictions.</p><p>&nbsp;</p><p>In 17th century Netherlands, demand became so strong for tulip bulbs that people would pay up to 10 times an annual working wage for just one (1) bulb. When the tulip market crashed, there was nothing to do but plant them. That&#039;s why, to this day, there are so many tulips in the Netherlands. Well, that, and the fact that the Dutch are just crazy about tulips.</p><p>&nbsp;</p><p><a href="http://upload.wikimedia.org/wikipedia/commons/a/ac/Tulip_price_index1.svg" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://upload.wikimedia.org/wikipedia/commons/a/ac/Tulip_price_index1.svg" rel="nofollow"><img src="http://upload.wikimedia.org/wikipedia/commons/thumb/a/ac/Tulip_price_index1.svg/800px-Tulip_price_index1.svg.png" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></a>[/QUOTE]</p><p><br /></p>

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