Around the time of the recent highs in Gold and Silver, I called for a correction that I said would probably be either sharp and quick or shallow and drawn out. It now looks like it is going to end up being a bit of both. The sharp drop in the first few days has now morphed into a flatter back and forth choppy phase. Unless we get an immediate second sharp downleg(looks less likely) it seems that this second part of the correction is going to continue to be more about time than price. I would have preferred to get the opportunity to buy at much lower prices but that is probably just wishful thinking. It is unlikely that after the buying opportunity of a generation back in March we would get another sharp pullback(albeit not to the same extent). The slow, grinding sideways action seems more appropriate, although boring, after the huge rally we experienced these last few months.