Message:

<p>[QUOTE=&quot;Cloudsweeper99, post: 1475758, member: 3011&quot;]I don&#039;t think it is relevant that byproduct silver can be produced at a lower cost.&nbsp; It&#039;s just part of the total supply/demand equation and will apparently remain so indefinitely.&nbsp; The goal of markets is to discover the price at which supply and demand clear, and this price is constantly changing.&nbsp; You are correct that we cannot be certain of anything.&nbsp; All investing is about judging probabilities - the probability of gain vs loss.&nbsp; In my experience, the burden of proof that the market is wrong lies with the person who asserts it.&nbsp; This isn&#039;t to say they cannot be correct.&nbsp; All value investing is analysis to determine where the current market price may turn out to be wrong.&nbsp; But the burden of proof always lies with the analyst, not with the market.&nbsp; It may be correct that the above ground supply of silver is the lowest in 700 years, but is that relevant to today?&nbsp; Perhaps the world needs lower silver inventories today since it is no longer used as money.&nbsp; So as long as mine supply is sufficient to meet industrial demand, the price won&#039;t rise.&nbsp; I&#039;m not anti-silver.&nbsp; I own silver and expect it to rise.&nbsp; But I don&#039;t think the present market price is wrong, and unless the price is fixed at too low a lever, there will never be a shortage.&nbsp; I think the supply/demand situation will continue to move in favor of higher prices, at least for a few more years.&nbsp; But not because of manipulation.&nbsp; Just because demand seems to be growing and supply probably won&#039;t keep up.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in