I like that sentiment. When more realize that Bernanke is the captain of the financial Titanic, at least for now, (he wants to retire from the position before he is stripped of his doctorate because his dissertation has been dis-proven...by him, btw), then reality will set in.
It's going to happen anyway, but if you see it coming you're better able to prepare and even profit from it.
The stock market has to survive on earnings, perish forbid, next week, and we're all waiting for the other shoe to drop amongst the PIGS overseas. Friday had all the makings of a dead cat bounce, and SLW looks more and more disengaged from the POS. One Fed Chairman figured low irates and QE support till end of the decade--that's 2019 one year beyond my prognostication of 2018. SLW has been cut in half, that's a lot, and if memory serves, silver should be floating at about 10X the 1973 price, around $41. With the economy cooling and stability returning, both the industrial side and the currency side of silver are under a lot of pressure. When this bubble bursts, and we have already seen capitulation last week with a few brave souls adding to their positions, it's hard to make a case of up up and away, as folks are using the silver pop to clear their tables. Could SLW see the teens again? The fact that there has been a 50% selloff means, when the bow breaks this time, it is going to be really ugly. SLW can pay its bills at about $9.50 the POS but few remember that during a rout. GLTA