Is Silver Set Up For A 'Generational Trade'?
Posted: Fri Apr 05, 2013 8:29 pm....The current price correction started in May 2011 and silver has dropped over 47%. Assuming that we have hit a bottom - a bottom which is currently being tested for the 3rd time and corresponds with what is by far the largest hedge fund short position in Comex silver on record - in all likelihood the next move higher for silver will be at least proportional in duration and degree as the last big move. The last big cyclical move higher lasted from November 2008 to April 2011 and silver went from $8.75 to $50 - a 570% move. To be sure, I will not go on record predicting that silver will go from $26.35 to $150, but I will not rule out that possibility....
http://seekingalpha.com/article/1322981-is-silver-set-up-for-a-generational-trade
http://seekingalpha.com/article/1322981-is-silver-set-up-for-a-generational-trade