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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (15009)	3/7/2011 4:46:31 PM
From: ayn rand	1 Recommendation Read Replies (1) \| Respond to of 222069

"Silver is blasting through all barriers, topping $36.5 this morning! The white bullion market is tight, and the short squeeze in the futures market is exerting a constant upward pressure on the price. If current trends persist, the all-time high of $49.45/ounce will be reached in the near future. " "this is called a short squeeze, whereby the upward price spiral – caused by the settlement (or resale) of short contracts – ensures that more and more shorts have to cover: the snowball effect. Nobody can tell when a short squeeze will end. It is a phenomenon that usually originates from a small inducement and could end as suddenly as it began. They can last just a couple of days, or a couple of months or even years! Given the still gigantic short positions on the silver futures market, this short squeeze could persist for some time. Increasing price volatility as the squeeze continues is likely. But the all-time high of just under $50 per ounce could, if the current pace of appreciation persists, be broken this year. Astute investors make sure they get some of this action!" zerohedge.com