Message:

<p>[QUOTE=&quot;mikem2000, post: 1910297, member: 30574&quot;]Yes Chris, I do disagree with you, but not because of valuation.&nbsp; I believe it will drift lower because markets almost always seem to over shoot.&nbsp; I think it would be a rare occasion for that pendulum to swing and stop exactly at fair value, so I see the pendulum swinging too far.</p><p><br /></p><p>Now for entry points into the market, I also think fair value is way too high for silver for two reasons.&nbsp; The first reason is the premium is a bear to overcome so it is best ot wait for cheap (under fair value) silver to more easily overcome this.&nbsp; The second reason is with a commodity, there is no growth or interest, so since the upside potential is much less to begin with, enrty points need to be&nbsp; more carefully chosen.&nbsp; While I would gladly buy an equity at fair value, not so much for a commodity.</p><p><br /></p><p>Now in summary I also think that two reasons I outlined are also followed by a lot of bigger money type investors, which causes&nbsp; reluctance for these folks to get into silver too early, which creates even more opportunity for the overshoot I mentioned in the beginning.&nbsp; IMHO Patience is the key.</p><p><br /></p><p>Entry point 14 USD....&nbsp;&nbsp; Be there or be Be Square...</p><p><br /></p><p>Also, if I am wrong, unlike our stacker friends, I will the first to trot out my old post and suck it up like a man.</p><p><br /></p><p>Cheers,</p><p>Mike[/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