On the silver issue I guess that depends on a persons perspective. From a trading or short term perspective you are probably right, there could be a severe correction. From a long term perspective considering the fundamentals, I think five or ten years from now silver will still have looked like a very good investment even bought at today's prices.

From my perspective as a long term investor, I would be more afraid of being out of position and loosing out on a long term bull market by trying to time setbacks than worry about seeing my portfolio net value being reduced over a shorter period. Most gains in markets are made in very short, strong bursts. If a person is out of position during those bursts, a large portion of the gains are forfeited. I think the risk in silver is being out of the market rather than suffering any short term setbacks.

If a person can not stand volatility, silver is not the place to be. I'm sure a lot of people will be shaken out of their positions at an inopportune time because of the volatility. As the saying goes, if you can't stand the heat, stay out of the kitchen. Silver could drop to half its current price, and mines will still be making record profits.

Corrections are actually a good thing. A periodic cleansing or the weak hands is what keeps a market from getting ahead of itself.

John