Hi US, That's a pretty brave prediction to make (20% correction)...

Hi US,

That's a pretty brave prediction to make (20% correction) under the circumstances.

It just shows you how we all have different opinions - mine is that the shorts are doing everything possible to try and keep a lid on this explosive position they find themselves in and are living one day at a time just trying to survive.

There are 3 things that make me very confident that the POS will continue upwards:
1) Proof of shortage - Backwardation
2) Investment Demand - 1.4 Billion Chinese and 1.1 Billion Indians all dying to get their hands on some Silver which is causing a worldwide shortage of coins.
3) Unprecedented industrial demand.

Lets face it - no one knows for sure which way the POS will go - but either way it is a win-win for us Silver holders, if the POS goes up, we make a good profit if the POS goes down, we still hold the physical Silver which is more scarce than Gold!!