There is bound to be corrections in a secular bull market and...

There is bound to be corrections in a secular bull market and investors should be prepared for this. Though i do not agree with certain posters' comments on a 50% drop in silver, i do agree that it is always prudent to build in a safety margin in your purchases and sales. In my opinion, if you have already made a 50% profit in silver, take some off the table.

Investors should in fact welcome a drop in silver prices as it entails a healthy consolidation phase and is actually bullish for long term prices. At the moment, it does look like silver is taking a pause while gold makes its move. However, there is word out that the speculative long positions in silver have been drained by the shorts [last week] and as such we might break above $50/oz in the coming trading days.

Always keep some powder dry for situations where there are pullbacks. That is, if you feel that there is a long way to go in the dominant trend.