Americas Silver Corp fka USAPF

[permabear]

Not to toot my own horn too much, but I've been warning about a correction in silver for several days. Anytime you see a parabolic move like we've seen in silver lately, it is setting up for a sharp correction. Plus the run to the old high of $50 no less gave the shorters all the reasons in the world to take this back down. From the people I read, we could go as low as the low to mid $30s. Grandich is predicting support around $38. I still have much confidence silver ends up much higher. But short term looks a bit on the ugly side.