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<p>[QUOTE=&quot;Rono, post: 1176616, member: 6492&quot;]Howdy folks,</p><p><br /></p><p>Great thread as usual.</p><p><br /></p><p>What caused the silver correction [or crash if you prefer]?</p><p><br /></p><p>Geez folks, silver was up over 150% in the past year, the exchange raised the margin requirement 5 times recently, some major investors sold their silver - soros and carlos slim, and it&#039;s May.&nbsp; </p><p><br /></p><p>Answer me true, was anyone seriously surprised that we saw a 26% pullback?&nbsp; </p><p><br /></p><p>I reduced my paper holdings quite a bit as my stops were blown.&nbsp; However, I&#039;m looking to buy physical while it&#039;s on sale.&nbsp;&nbsp; The POS seems to be firming here and gold is back to rising and above 1500.&nbsp; I would NOT get to giddy, however, as we&#039;re still fighting seasonality and that will last until the fall.&nbsp; </p><p><br /></p><p>As for conspiracies or manipulation - the best arguement against conspiracies was by Jim Rogers - if there ever had been, someone would have writtne a book and made a movie.&nbsp; </p><p><br /></p><p>As for manipulation, I&#039;ve always considered it human nature and patently normal for anyone, anywhere and anytime - in a postion to impact the market to their advantage - will do so.&nbsp; Period.&nbsp; Is that bad?&nbsp; Hardly.&nbsp; It&#039;s the way the bloody game is played.&nbsp; ****, if I could impact the market and make a few bucks - on all over it.&nbsp; This is basic Jesse Livermore folks and has been going on for centuries.&nbsp; </p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>

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