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Correction

PostPosted: Mon Mar 07, 2011 8:37 pm
by glass
I used the search feature a little and this seems like a bad word
I assume after a good run up on prices a correction takes it way down
Im a newb and havent seen one yet
Lets use 36.00 silver, while I know nobody will be spot on, but how much? and how fast ?

Re: Correction

PostPosted: Mon Mar 07, 2011 8:51 pm
by Country
I guarantee you'll see a correction sometime. It could be soon, or not. Nasty SILVER corrections can be 10%-20%, or more, and they happen fast. Since this rise began around $27, and say that $36 was the near term top, you could expect a quick 10% correction to $33 at any time. However, with the current volatility in PMs, the market may seek to put a hurt on those shorting just as easily as it could of those folks currently long. With the current unrest in the Mid-East, any correction should be mild at this time, until higher SILVER prices are reached. Try have some CASH around to take advantage of buying opportunites that do occur. My 2c. :?

Re: Correction

PostPosted: Mon Mar 07, 2011 8:57 pm
by DeanStockwell
corrections can be seen as illnesses(such as a cold) that a healthy silver market gets once in awhile.
Heres a chart:
Circled are the corrections. All technical indicators aside; it sure looks like we are due for a correction, right :?:
Image

Re: Correction

PostPosted: Mon Mar 07, 2011 9:43 pm
by glass
Ahh that helps, yep, looks like were due
That last one looks like it lasted a month