http://silvernewsblog.com/still-believe-gold-silver/
The correction in gold, silver, and mining shares continues into this
week- a correction not necessarily unexpected after this sector was up
for most of the past 12 weeks. Still, the correction may rattle the
cages of precious metal investors since we are still off roughly 60%
from 2011 levels in silver and many of the mining stocks are down even
more.
Revisiting my original prediction for 2014, I think this year will
mark the end of a three to three and a half year consolidation pattern
for the precious metals within a secular bull market. However, I still
think that we will make some kind of sloping or sideways bottom over the
course of the year, especially in silver. The closest historical
comparison for me continues to be the 1968-1971 cyclical bear market in
silver, where the white metal was cut in half before embarking on a
truly spectacular run to nearly 50 dollars. During that long three and a
half year consolidation, however, many former enthusiasts lost their
nerve for owning the white metal.
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