How long will this corrective period last? Typically, this period is weak for gold and silver with bottoms usually seen in June or even July. A February top is not unusual...
With things deteriorating geopolitically, conflict still on the domestic political front, deteriorating economies in the West and massive debt, gold and silver have only one way to go.
This could be as good as it gets before the negative effects of the next inflation problem created by the Fed and government become apparent to the public.
After silver hit a high of $121, some are expecting it to go to $200 next and the gold/silver ratio, currently at 60 (it has been recently as low as 44), to fall to the 20–30 range.
Given the huge up move in silver once it broke that the long-time high of $50, we could see a retest of the $50 zone. Naturally, new highs would end any discussion of a test lower.
