Challenge!!! An impossibility if you ask me. I here you loud and clear when you say that there could be factors that impact the value of PM. If PM were allowed to find fair market value on fundamentals alone, they would be valued a lot higher now. News media talked about the impacts of allowing the fiscal cliff to come about, and the it doesn't look pretty. War can be very stimulative to the economy...But we should have viewed this as a temporary effect from the beginning. Sooner or later, we need to wrap up our efforts in Afganistan, and not have to supply our solgiers with the MREs, uniforms, daily expenditures they require, and the economy will suffer as a result. I'm assuming this is what you meant by "deflationary factors" as prices in the grocery store sure haven't "deflated". The fact that PM has range traded for a while, contrary to global economic uncertainty, and declining supply issues is an indication that other factors are at work (market manipulation). I don't know if you recall, but last summer, Bart Chilton promised the CTFC would be wrapping up the investigation of this manipulation in early fall...Hasn't happened yet. Hmmmm. S~P
