Day One! The Correction?!

And the blog begins!

The silver market has been extremely volatile for the past 36 hours as expected.  The short term charts look like strong support is building around 44.84 with the next line of resistance around 44.20.  I burned some powder and BTD at 44.66 last night but am keeping some dry to average in if 44.66 fails.  Below 44.20, there is a gap to support at 42.50 at which point I'd go all in with an upside target around 50.

Also took the opportunity to aquire more physical at last nights dip bottom of 44.70.  Premiums from all dealers are climbing.  High retail such as APMEX has almost doubled their premiums on small size rounds.  Be careful out there and shop around.  Please post online vendors with low premiums here if you find them.

Waiting for the FED and subsequent stock market action to provide tells on several junior mining companies.  Looking for a good entry into some quality developed companies as well.