People tend to say if it can make $11, then it can make $12. You start believing in the euphoria.

Silver is a market that sort of acts like a freight train. It's really slow-moving, and once it gets started in a direction, you cannot stand in front of it.

We're in the throes of a protracted bull market.

There's the realization that there's real inflation in the U.S., and not just the kind of head-in-the-sand inflation we've seen the past six to eight months.

Technical traders tend to hit the door at the same time because they all use the same type of speculative trading indicators. Who can stand up to them when that happens?

You never really hear about steroids. But, you do suspect some people.