[nikolay]

You think Apple's stock isn't also driven by speculation, just like any other stock?

[TrainedMonkey]

No. Apple PE ~33 implies ~14% EPS growth over the next 10 years, seems achievable. YOY Apple is ~10% and silver is over 270%.

[nikolay]

You offer explanations and excuses similar to those of the precious metal folks. The issue is that amateurs can now easily buy and sell on the markets - otherwise neither Apple nor silver would be valued as much as they are... were.