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It has been quite obvious for a long time that there had to be an end someday to the vast euphoria which had engulfed the gold and silver markets for weeks and months. Bullish readings were approaching 100%, which meant that nearly everyone who wanted to be in the market was already invested, leaving no one left on the other side. The market was vulnerable to the first sale that would tip the balance. Inevitably, that is what happened, and when everyone rushed for the doors there was hardly anyone remaining on the other side to take the trade, which led to a massive selloff.  It seems fair to say that most publications failed to see it coming; almost every investment newsletter remained bullish on gold and silver until the bubble popped, and then it was too late to advise clients to get out - the fall happened so fast. Other publications, however, clearly in the minority, had warned their readers for weeks that the end of the rise was coming and that it was time to get out.