Daryl Montgomery

Silver Prices Are About to Fall

Silver at $11??? This reminds me of the Elliot Wave people who predicted late in the spring that gold would fall to $600. Instead it turned around and went to $1100. There are a lot of, "I believes" in this article, without specific date ranges or hard numbers. People can believe anything (and they do). What are the probabilities of each of these beliefs happening at the relevant points in time? Once you multiply all those probabilities together is the overall number much greater than zero? Where are the hard facts to back up the predictions? Charts? Numbers? The contents of this article appear to be nothing but a bunch of baseless suppostions.