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Message:: [QUOTE="WingedLiberty, post: 1164721, member: 26030"]I have been one of the biggest Silver bulls on this board, predicting a 2011 high of $50 since last Fall. Well, Silver rolled up to $49.80 last night, so in my opinion my prediction was pretty much reached!!!    So decided to sell 90% of my long Silver positions in my retirement accounts this morning when the premarket session opened at 7AM EST (about $100,000 worth of SLV and AGQ ... along with miners GG and SLW). I locked in huge gains on those. Could Silver keep on rolling and shoot towards $60?   Anything is possible, and i wouldn't fall out of my chair if that happened.   But Silver has run so far and so fast, it's really overdue for a good pullback -- and I thought the risk reward wasnt as compelling at these levels. In any case I am keeping all my Silver coins (my huge stash of ASE's and 90%) as I bought that for long term and I love having it (it allows me to sleep better at night).    The cost basis on the coins is probably around $22 to $24 an ounce -- so I am cool with a big pullback.    And if silver keeps running I still have that to fall back on. At some point silver should have a good sell off (I am thinking back into the mid $30's -- but we'll see).  I think a pullback would be healthy for silver and would provide a better more stable base for the next run for silver back towards and perhaps past $50 in Fall 2011 ... and towards $75 in 2012.[/QUOTE]