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<p>[QUOTE="WingedLiberty, post: 1160833, member: 26030"]I am actually starting to feel bad for all the agressive silver sellers in the $20's and low $30's (and there were a lot). Amazing that the white metal is closing in on $46 wednesday night (4/20). This most recent run-up has been faster and steeper than even I (one of the biggest Silver bulls on this board) thought. The volitility of silver is really high right now and I wonder if we are going to start seeing daily moves of $2 or $3 or $4 or more up and/or down. Silver certainly seems due for a multi-dollar correction, but who knows when that's going to happen.</p><p><br /></p><p>Take a look at the price charts of silver adjusted for inflation (charts were made in 2008 when silver was $21). The 2 charts show inflation adjustments using two methods (CPI and the SGS M1 money supply). Using either chart, it's amazing how much room there appears to be on the upside as we are nowhere close to the 1980 inflation-adjusted highs of $128 or $365 depending how you measure inflation. Still I think a correction anytime now would be healthy and good for the silver market as it would shake out the weak hands and consolodate prices into nice base in preparation for the next run.</p><p><br /></p><p> [ATTACH]120559.vB[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="WingedLiberty, post: 1160833, member: 26030"]I am actually starting to feel bad for all the agressive silver sellers in the $20's and low $30's (and there were a lot). Amazing that the white metal is closing in on $46 wednesday night (4/20). This most recent run-up has been faster and steeper than even I (one of the biggest Silver bulls on this board) thought. The volitility of silver is really high right now and I wonder if we are going to start seeing daily moves of $2 or $3 or $4 or more up and/or down. Silver certainly seems due for a multi-dollar correction, but who knows when that's going to happen. Take a look at the price charts of silver adjusted for inflation (charts were made in 2008 when silver was $21). The 2 charts show inflation adjustments using two methods (CPI and the SGS M1 money supply). Using either chart, it's amazing how much room there appears to be on the upside as we are nowhere close to the 1980 inflation-adjusted highs of $128 or $365 depending how you measure inflation. Still I think a correction anytime now would be healthy and good for the silver market as it would shake out the weak hands and consolodate prices into nice base in preparation for the next run. [ATTACH]120559.vB[/ATTACH][/QUOTE]
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