"In silver, only two corrections have lasted longer—
the ones that ended in 1936 and 1983"
This shows how brutal this silver drop from 2011 has been from a historic perspective.
Silver bears may continue to flush out the sell stops below 18.50, but accumulation of SENSIBLE amounts of silver seems prudent to me. Certainly if the price breaks to below 18 it will test even the most ardent bulls, so beware.
GLTA
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- david morgan silver $30 ounce
david morgan silver $30 ounce, page-17
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