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Wow! What an incredible display of pure, stunning ignorance. Thank you for perfectly illustrating why it's pointless to argue with the those who have exchanged logic and reason for blind, ignorant faith. To many, statements like Jem's probably look like simple stupidity, but sadly, it's...

I always enjoyed Robert Heinlien's quotes about religion: "Men rarely (if ever) manage to dream up a god superior to themselves. Most gods have the manners and morals of a spoiled child." "History does not record anywhere a religion that has any rational basis. Religion is a crutch for...

Excellent! Thanks for sharing the quote. My favorite is, "That which can be asserted without evidence, can be dismissed without evidence." I regret I don't know who said it.

I think widespread recognition of deflation in real estate is still a long way off. From a sentiment standpoint, we appear to be just ending the topping process and starting down the other side. My observation of markets over the years has convinced me that major (as in many, many years...

The 20's had a tech component too - radio, which was seen as a technology revolution at the time. The common theme that permitted both booms was a massive expansion of easy credit. The current real estate boom (now fading) was the result of continuing easy credit availability. The other...

Thanks for the kind words. I think one could make an argument that the silver low in 2001 satisfied the retracement from the 1980 high. As far as the retracement from the recent high, we'll have to see how the sentiment looks on future moves to new lows. That's my main filter for establishing...

I didn't understand this, unless you're referring to Butler's blather about silver being far more scarce than it is. If that were the case, I doubt Mr. Shill is so astute that he's the only guy on the entire planet who sees this vast conspiracy to depress silver prices, and somehow all of the...

I think the challenge for most people is adjusting their outlook to be aligned with a new trend, whether bullish or bearish. From my observation, early on in new trends people are not willing to believe what they are seeing. During the last 3 plus year rally in stocks, people have been...

With regard to manipulation, I'll stipulate it's possible and might even be true. I don't know and I don't care. I also don't care if the moon and the stars made it go up or made it go down. There's something strange about humans that makes us desperate to have "reasons" and "beliefs" to...

My "belief" is in the perfect track record of post-exponential market moves going all the way back to the Tulip Mania and the South Sea Bubble. Every single one retraced the entire move or more. That's why I said $7 in my post in early May. It could be we're headed for around $4 as that's where...

In addition, there was the wildly bullish sentiment, which set a record for ANY market. Still looks to me like we're on our way to $7, but I'm sure there'll be some bounces back up to give the "buy the dips" bulls hope so they hang on to or even add to their positions. I see perma-bull...

Still think it's BS? After all, we're only down about 33% from the top.

Since your poll referred to the per ounce price, so did I. May the certainty you have in your position be appropriately rewarded.

How about see you at $7? Uniformly bullish sentiment usually does not equal continued progress to the upside. But, hey, it's probably all BS because this time it's different.

The 98% figure was quoted by another source in a newsletter. I don't know what the current figure is, but with the rally after the drop, I'll bet it's still high. Silver tends to spike into highs. It's certainly possible there's more left on the upside, but with virtually everyone bullish...

Did you try a Google on "bullish consensus"? When I did the number one listing was for Market Vane, and there were other sites that discuss the topic. Happy reading.

Why'd silver go down? More sellers than buyers. I know, you know that already, but honestly, it's the only reason that matters. If you need a "reason of the day" for a market move, there will always be plenty waiting for you during and after each and every trading session. Some of them may...

For the same reason Internet stocks continued to go up into March 2000 - there are still more optimists who believe in the boom than there are realists who foresee a change in trend. So, would you buy those stocks here?

Check out http://www.housingbubblecasualty.com I've been following this guy's blog for a couple months. He was a SoCal mortgage lender before recently taking a new job. It's clear he saw problems coming and actually took action based on his conviction that the boom is over. There's some great...

Oh, I totally agree. I should have added a "smiley" to my comment.