This is not being asked sarcastically, I am simply curious...
Do you believe your hourly posts of a yahoo message board on silver have an actual negative impact on the price of a global commodity?
I am asking seriously.
Nobody on these boards, long or short, believes they can influence commodity prices. It's exactly the opposite of what you describe - the 15,000+ posts is not an indicator of someone feeling they can influence things, but of someone feeling powerless. Anonymous message boards are the last bastion of someone who feels overwhelmed. In Extreme's case, by losses on the short side, obviously. In Rhymin's case, it's more of a social disorder than a money-losing problem. All compulsive posters suffer the same problem, at the core - powerlessness in other areas of life that drives them to try to dominate Yahoo boards, or convince total strangers of things and opinions that just don't matter.
I don't know. Let's try this isolation test....
Everyone abandon this board except me. Then leave it to me to honestly discuss the fair value of silver and see what happens.
For example, given the state of the economy, I currently put the fair price of oil (based on economic conditions and current demand and supplies) at $65 and the fair price of silver at $18
If the economy drops further, then I'd move the fair price of oil down to perhaps $50 and the silver down to perhaps $12-$14
Should we give it a try for a month? I'm game
I think you seriously underestimate the panic potential of flight from fiat currencies given the debt concerns in Europe and the U.S., the small supply of silver in relation to fiat currency, the potential of Mideast troubles (Iran, etc.), and the investment substitution of silver for gold, even in the portfolios of the wealthy.
Extreme , you are doing a great job. Thanks for keeping things honest. I'm in no hurry for the silver crash. Don't know if I even want it too much cause a crash will mean economic catastrophy. The correction ben bernak has averted seems to be coming home to roost as nothing has been solved . Nothing solved means an accounting and real numbers will be realized and all assets will have to be priced correctly to reflect economic conditions. keep up the good work. You're the only honest person on this mb .
He thinks all the traders in the futures pits hang on his every word. He thinks he is a puppet master who can start a silver panic. Well, the technical evidence is turning against him. Will he reform and go bullish if silver takes out the moving averagess as it likely will? We'll see!