Into the killing zone: Silver

Good call there by evilspeculator on 9th March which correctly identifies the toppish silver, and the profit taking did materialize. What surprised me was the late push in the last few hours before the weekend from a low of 34 to 36!
Since this is the first post on silver, I shall start from the megatrend of silver. From the weekly chart, one can see that historically in the last 10 years, the bull cycle each lasted about 2 years from trough to peak. The bear was fast and furious, each lasting for few weeks to months but less than a year. Currently, it is into its third year of bull run and not surprisingly, the past few months of price advancement is nothing short of euphoric. The bears are now dangerously lurking as silver enters the KILLING ZONE. Never mind the bulls have been shouting that this time is different (4 most expensive words according to John Templeton) with the emerging markets consuming more than ever commodities and with everyone's consensus that greenback is coming down in the long run (in the long run, everyone is dead !!!) and thus its certainly a no brainer betting on commodites, but I'm not about to argue with the tape. From the daily chart, it seems that the late push from 23.6 fibo to close just below 36 suggest that the bull is still raging and still has some legs to run. Looks like I'll just have to sit tight with my long positions and diligently get out entirely before the slaughters begin...