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<p>[QUOTE=&quot;Cloudsweeper99, post: 1161028, member: 3011&quot;]I own both gold and silver, so I don&#039;t consider myself negative regarding PMs.&nbsp; But there are a lot of fairly new PM investors these days.&nbsp; Most of them get their information from a variety of internet sites with articles written by authors with little or no economic training or professional investment experience.&nbsp; And they push things like the gold/silver ratio as analysis tools, saying things like &quot;the ratio has been around 16:1 for thousands of years&quot; which is easily disproved by reading history.&nbsp; I also recall that many analysts used to push the 6:1 natural gas to oil ratio as a &quot;natural&quot; ratio based on relative BTU content.&nbsp; You don&#039;t hear much about that anymore because the analysts don&#039;t want to broadcast the fact that many of their clients were financially destroyed if they actually followed the advice.&nbsp; Even analysts don&#039;t like to look foolish.&nbsp; From my point of view, the folks who now view forever higher prices for gold and silver as a slam dunk no brainer are the ones with blinders on.&nbsp; Every investment, including PMs, has something wrong with it.&nbsp; And it is the function of analysis to uncover those problems and weigh them against the positives.&nbsp; An investment should only be made when the probability of gain seems higher than the probability of loss.&nbsp; Now, I expect the PM bull market to continue for awhile yet because we haven&#039;t reached the frenzy stage.&nbsp; But my fear is that sites like zerohedge and some of the perma-bulls on CoinTalk will not tell you when it is time to sell -- ever -- and a lot of people, primarily newcomers who didn&#039;t begin buying until the price was $25 or $30 or $35 are in grave danger of going over the cliff by following bad advice.&nbsp; Almost every PM site these days tells you to buy on dips.&nbsp; Well, one day the &quot;dip&quot; is just going to continue down, down, down similar to tech stocks in 2000, and a lot of people will be buying all the way and get seriously hurt.&nbsp; Anyway, that is my position and the thinking behind my posts.&nbsp; Everyone has to make up their own mind and take responsibility for their own investments.&nbsp; Nobody should buy or sell PMs because zerohedge or Cloudsweeper99 tells them to.&nbsp; Do you own analysis and make your own decisions, but don&#039;t mistake editorial articles from fringe &quot;analysts&quot; on the web for analysis.&nbsp; I hope that helps.[/QUOTE]</p><p><br /></p>

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