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<p>[QUOTE=&quot;medoraman, post: 1309260, member: 26302&quot;]The price. Nothing in the world has inelastic demand long term. Everything is price sensitive. Not to put words in Cloud&#039;s mouth, but if he believed like I did $4 silver was well below replacement cost, so long term production could not continue forever at that price. Mines were closing down due to low prices. Today, new silver mines are being explored, old ones reopening, and some promising new uses of silver are being curtailed due to pricing.</p><p><br /></p><p>Not saying this has any predictive value as to future price movement, just laying out why I, (and I presume Cloud), thought it was cheap and almost a no brainer before, but its not a no brainer slam dunk today.</p><p><br /></p><p>Just my opinion, and if I misspoke for you Cloud I apologize. Please correct me.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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