retrace in the price of silver

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    the price of silver is currently making a major retrace, currently at $US 23.30/ oz.

    this appears to be stemming from the consequences to the US economy as the proposed "tapering" kicks in (ie - slowing down of money printing and its release into the economy)

    fears in the US are triggering a decrease in value of the $US, an increase in bond rates, and a sharp increase in the price of gold and silver.

    does anyone have any thoughts as to how all this might play out with regard the price of silver ?

    gk.
 
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