Glad to know I am not the only one who precipitates a drop in everything I buy. I also took a plunge in RIM the other day - just to keep my streak going.
As for silver, this is somewhat of a replay of the Hunt brothers trying to control the market back in the 70's where there was just no justification for such a quick run up in price. But in the long run I can't see any reason why commodities are not going to be increasingly in demand in the future. When a major portion of the world's population has not been allowed to participat in the modern age and then over a relatively short period of time gain the ability to acquire all of those perks the western world takes for granted it, has to generate an incredible demand. All of those products that they want require vast amounts of natural resources - and we are talking about billions of new consumers. Once that movement has started, once those populations have have had a taste of modern luxuries it is like broaching a dam. That desire will not be stifled and, while prices may get a bit ahead of themselves at times, I am not convinced that we have a bubble that is about to burst. A correction for sure, and that is healthy and it is corrections help keep bubbles from forming. My 2 cents worth anyway.
