Didnt get the gong this time but still looking very healthy...

Didnt get the gong this time but still looking very healthy
Silvers recent performance has been spectacular.
On ANZAC day it hit an all time high of $49.80 at
which point it had quadrupled in price in just two
years.
This has been exciting. But you have to expect a
pullback after a monster rally like that,its just how
the market works. The price nearly doubled in three
months and investors are taking easy profits.
Weve already seen one big pullback this year. The
silver price fell 16% in January after rallying for three
months. Once this was done, it was off to the races
again.
And now history is repeating itself. The price has just
fallen 20%, and after some time to settle, I believe
this will be the staging post for the next leg up.
So silver has pulled back quickly, but as the saying
goes"the best time to buy is when there is blood
on the streets".


courtesy dd