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<p>[QUOTE="medoraman, post: 1112065, member: 26302"]Yes, especially long term reversion to a mean is meaningless since long term means are reset. I was talking more 3 year timeframe with the exception of silver. I bought mine at $4 since I long term valued it higher based upon inflation. That is about the only long term mean I have eve invested on.</p><p><br /></p><p>Its a very valid point about humans getting hung up on a number. Too many people think a price cannot go below X or above X. Markets can price anything at any price, there are no limits. That is why I never say silver cannot go above $100, or below $5. They can, though the potential gets lower the further you go away from current pricing. I just know a lot of investors who refused to sell GM below $10 because "it is always worth more than that".[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1112065, member: 26302"]Yes, especially long term reversion to a mean is meaningless since long term means are reset. I was talking more 3 year timeframe with the exception of silver. I bought mine at $4 since I long term valued it higher based upon inflation. That is about the only long term mean I have eve invested on. Its a very valid point about humans getting hung up on a number. Too many people think a price cannot go below X or above X. Markets can price anything at any price, there are no limits. That is why I never say silver cannot go above $100, or below $5. They can, though the potential gets lower the further you go away from current pricing. I just know a lot of investors who refused to sell GM below $10 because "it is always worth more than that".[/QUOTE]
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