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<p>[QUOTE="medoraman, post: 3201202, member: 26302"]Just the same as a bear predicting all pm will soon become valueless would probably be heckled. Reason is, 99.99 percent of time markets are rational to an extent, and pm investing is replete with hucksters promising huge returns to suckers. Every single year for the last 40 someone has predicted the market is going to the moon, (and buy from me to make me rich). </p><p><br /></p><p>I respect you Longnine. You are a bull still here when 90% plus of them are now gone from here. Your points are valid, and you may very well be right. I still consider myself in the middle, though at times you have considered me a bear. Just in the last month I have bought a couple of hundred ounces of silver and a few double eagles. Now is the time to accumulate when no one wants it, prices are down, and premiums reasonable.</p><p><br /></p><p>Btw OP, so many things going on it is confusing about daily movements. Major things to remember is price of USD versus other currencies, mines being opened or closed, and cost of production. Then layer millions of bits of information coming onto the market every day and you get a PM price.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 3201202, member: 26302"]Just the same as a bear predicting all pm will soon become valueless would probably be heckled. Reason is, 99.99 percent of time markets are rational to an extent, and pm investing is replete with hucksters promising huge returns to suckers. Every single year for the last 40 someone has predicted the market is going to the moon, (and buy from me to make me rich). I respect you Longnine. You are a bull still here when 90% plus of them are now gone from here. Your points are valid, and you may very well be right. I still consider myself in the middle, though at times you have considered me a bear. Just in the last month I have bought a couple of hundred ounces of silver and a few double eagles. Now is the time to accumulate when no one wants it, prices are down, and premiums reasonable. Btw OP, so many things going on it is confusing about daily movements. Major things to remember is price of USD versus other currencies, mines being opened or closed, and cost of production. Then layer millions of bits of information coming onto the market every day and you get a PM price.[/QUOTE]
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The behavior of PM prices is confusing
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