yesterday gene arensberg said he was worried about a correction in the silver market. so of course silver promptly blasted to a fresh 30-year high. this is him, eating his words:

Less than an hour after this morning’s “nagging feeling” post went “live,” you know, the post where we spent most of the time showing in the charts why the nagging feeling that had crept in was not showing in the charts, … you know, the post that said that if silver broke out today, our brand new hedges would be gone and gone quick; … the post that said that we had gotten “smaller” in some issues and that the Trading Gods would probably laughingly send them much higher now that we had not only done that, but then announced it publicly! … less than an hour after that post went live, kaboom! Silver didn’t just print a feeble, “maybe-looking” just-barely kind of new high. No, sir and madam, silver blasted up and into what had to be a virtual boxcar full of trading and short seller trailing buy stops in the $31.30s and $31.40s.

http://www.gotgoldreport.com/2011/02/silver-blasts-higher-constantine-and-timberline-news.html#tp