It's always going to be a wall of worry, gentlemen, at nosebleed levels. Somebody asked if anyone hedged, I sell short term covered calls for a lot of premium, and ride the wind. Right now the $300 is selling for almost $28, that's a bunch of downside protection while preserving a 10% pop over the next four weeks.
The world is destroying its fiat paper money to be more competitive, I don't think Bernookie will be happy until everybody here drops from $3500 a month to the same buying power of a Chinese coolie, $350 a month. Then our slave labor will be more competitive with their slave labor.
See how that works?
So do I expect a correction? Sure. 10%. from AG $55 to AG $50, at which time I will be buying the dips in SLV and PSLV and yes, AGQ.