yes, that is correct.

most people are long on silver and gold. who cares if there was a slight correction.

I bought the bulk of my silver in the $20-30 range and am still buying. I bought on the way up, I bought at $120, I'll buy at $85. The price at the time I buy really doesnt matter to me. Only when I sell will it matter.

I hope to cash out and buy ~150 acres of land with it to hunt on and live on.

So it can just go back to the price it was 8 months ago and stay there, there’s no reason for silver to be so high. The companies using it for industrial purposes get it straight raw from the mines they aren’t buying bullions on the silver markets.

Which was my point. Unless someone is heavily leveraged or happen to have bought at the very peak, what matters is the rend, not intra day phenomenons.

I don't mind getting down voted by leveraged traders who got liquidated.

For disclosure I think gold/silver at this point is way overvalued, just the symptom of what this article is all about.