by Justin, GoldSilverBitcoin:
Silver has corrected since its’ 2011 high of nearly $50 an ounce. At that point, “49ers” ran in droves to the devil’s metal, only to lose considerable amounts of wealth, vanished in the Sunday selloff on MayDay of that year.
Now, more than two years later, many silverbugs learned a lesson that many people in the banking crisis learned: cash is King. In other words, those who control the cash are in control.
But, is there a perfect storm brewing in the silver market which could lead to a sudden spike in the price of precious metals?
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