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Is anyone buying silver at $44.56
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<p>[QUOTE="Bluesboy65, post: 1165301, member: 23329"]Agreed. The thing is that a contingent of the status quo crowd is not satisfied to have a factual discussion focussed on creating a well reasoned argument for metals going down. Rather, the focus becomes supporting one's negative rhetoric and chastising those with a more, well reasoned bullish sentiment from exciting irrational exuberance in the newbies. The negative crowd "protecting" the hoards of new people to the forum from the "to the moon" people. </p><p><br /></p><p>As you mentioned a lot of this discussion was happening around the $26 mark and, at the margin, it looks like some were “protected” from $20 of upside. It sort of works both ways. I can totally respect those that walked the talk and have sold most of their position. From reading some of the recent posts, many in the negative crowd are still holding theirs ... curious. </p><p><br /></p><p>The discussion pro and con should be presented and I expect people to be passionate about their position, but one cannot presume to know the future. In this case, time has declared the underlying analysis of the bullish sentiment the winner.</p><p><br /></p><p>As Desertgem mentioned, no trend lasts forever and neither will this one. The next month will be very interesting for PM’s. I too am in a holding pattern to see what comes out of Bernanke’s speech, the debt ceiling talks in Washington and the end of QE2 before making any moves. I expect to be able to buy in the $37-39 range this summer.</p><p><br /></p><p>Bluesboy65[/QUOTE]</p><p><br /></p>
[QUOTE="Bluesboy65, post: 1165301, member: 23329"]Agreed. The thing is that a contingent of the status quo crowd is not satisfied to have a factual discussion focussed on creating a well reasoned argument for metals going down. Rather, the focus becomes supporting one's negative rhetoric and chastising those with a more, well reasoned bullish sentiment from exciting irrational exuberance in the newbies. The negative crowd "protecting" the hoards of new people to the forum from the "to the moon" people. As you mentioned a lot of this discussion was happening around the $26 mark and, at the margin, it looks like some were “protected” from $20 of upside. It sort of works both ways. I can totally respect those that walked the talk and have sold most of their position. From reading some of the recent posts, many in the negative crowd are still holding theirs ... curious. The discussion pro and con should be presented and I expect people to be passionate about their position, but one cannot presume to know the future. In this case, time has declared the underlying analysis of the bullish sentiment the winner. As Desertgem mentioned, no trend lasts forever and neither will this one. The next month will be very interesting for PM’s. I too am in a holding pattern to see what comes out of Bernanke’s speech, the debt ceiling talks in Washington and the end of QE2 before making any moves. I expect to be able to buy in the $37-39 range this summer. Bluesboy65[/QUOTE]
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