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Message:: [QUOTE="medoraman, post: 1084576, member: 26302"]Cloud, being "correct" everywhere in between? You really believe that?  Do you think dot com investors were "correct in 1998? Housing speculators were "correct" in 2005, but both of these groups were simply "incorrect" a year or two later? "Correct" implies valid pricing long term, and these groups were not. They are always "correct" BEFORE a correction BECAUSE they are moving it still higher by their own buying, but that does not make 1998 dot com valuations or 2005 housing valuations "correct". By your logic the market is always the right price UNTIL it busts. What is the correct pricing on PM's now? I don't know, but I suspect around $18 for silver based upon historical pricing versus inflation. Can it move up? Of course, price is a man made number. I just chafe at the idea that a market sentiment is correct until the very top or bottom. If something, (anything), historically is worth $100, then market participants are not correct from $100 up to $1000, and simply incorrect at $1100, they were wrong all of the way from $100 up, they just didn't know it, and many can make money on the "greater fool theory". THe dot com era is ample proof of that. Chris[/QUOTE]