I view it as a gift. It is painful now but they did us a favor.

1./ It is a reset that was overdue.

2./ If silver had continued straight up it would have just blown out and the move would be over for good. The reset means that we will eventually get much higher prices.

3./ It will allow the PM stocks to go up with the metal in the next phase. Some how the stocks always know when this is coming as they just stall out before hand. Hmmmm.

4./ It has created some great buying opps.

I had been in my largest cash position sine 2008.

I am now buying back my positions including silver where I was mostly on the sidelines.