To rip off Steven Kaas for a moment, I wonder if rather than saying "Study shows existence of psychic powers" it might be better to say "Nonexistence of psychic powers shows a study was wrong".
What sort of hypothetical evidence would convince you that psychic powers existed?
According to the New Scientist, Daryl Bern has a paper to appear in Journal of Personality and Social Psychology, which claims that the participants in psychological experiments are able to predict the future. A preprint of this paper is available online. Here's a quote from the New Scientist article:
Question: even assuming the methodology is sound, given experimenter bias, publication bias and your priors on the existence of psi, what sort of p-values would you need to see in that paper in order to believe with, say, 50% probability that the effect measured is real?