My pattern work in the SLV (iShares Silver, ETF) points to a "squeeze" of the shorts above Oct-Dec. resistance clustered between 10.50 and 10.65, which should occur in the upcoming hours... and which should trigger upside acceleration towards 12.50. No chart at this time.
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Thursday, December 11, 2008
Looking for Short Squeeze in Silver
By Mike Paulenoff
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