The vast majority of people who trade the markets are always committing the fallacy of the fair price.This is why they are continual losers. They have failed to learn what Adam Smith taught, that there is no such thing as a fair price and that the only morally proper price is the price agreed to by a willing buyer and a willing seller. Howard Katz

No doubt why the markets are impossible to predict! So many intrinsic/extrinsic factors determine "willingness," with only a "collective" being determinate at any given moment by any buyer/seller!

Heading the list presently is the "expected" effect of the "final fallout" of the debt plagueing, not only the USA, but the entire world and how it will play out on world markets! (The US presently faced with the most extreme debt liability in the history of the Globe without any possibility of a soft "landing!")

Some say the devistation as an end result will be all inclusive, at least in the shorter term! (ie, all markets are destined to fall, with free-fall a possibility!)

To fly through these times unscathed, a pilot's licence may be of some benifit.

Gold/silver offer insurance. Their equities, with time, patience and substantial perseverance will do the same!

RUF

PS: Will gold/silver "explosion" be a precursor to market "implosion" or will it follow! To maximise our benifits as investors some "dumb luck" may be necessary! (As it always is!)