Thursday, July 14, 2011

SILVER UPDATE: Ain't no stoppin us now, were on the move!




Silver cleared the all important 38.5 over night and screamed higher, I didn't expect this move until Friday, James Turk spoke about the speed at which it will climb (will surprise people) if it holds 38, wow! The shorts will be begging to get out when they see the print this morning. We may be at 50 by next week unless they raise margins 10 times or Bernanke's rhetoric turns bearish on stimulus.

THIS IS CLASSIC VOLATILITY EXPANSION AFTER SQUEEZE

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