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<p>[QUOTE=&quot;medoraman, post: 2221927, member: 26302&quot;]Usually, for small investors, this is true of most investments. Most small investors always chase return, and wish to buy what is hot and sell after a downturn happens. The exact same reaction happens whether we are talking about stocks, bonds, PM, or land. Buying or selling on any unusual price change is usually a dangerous time to change horses. I lost some money in the latest plunge. What was my response? I transferred some money and bought a little more. Unfortunately tuition is taking a big old bite out of my rear, so I didn&#039;t have as much to transfer as I would have liked. Same with PM. Once premiums calm down, I will be looking to add to the pile some.</p><p>&nbsp;</p><p>Btw, I am curious about the $800 per ounce cost of extraction. Is that taking into account the low copper, silver, and ancillary metal prices? Even then, is that the industry average or the low cost producer? Short and medium term is high average that usually drives price, since any lower and the higher cost producers go out and this has a market impact of taking production off the market, forcing prices back up.[/QUOTE]</p><p><br /></p>

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