EliteTrader101

Silver Short Squeeze

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AMEX:SLV   iShares Silver Trust
After several years of accumulation, the up move begins with a stop hunt out of the triangle to get everyone short and to stop out weak longs. Now that the weak longs are out of the picture, most of the long positions are in the hands of the strong players who are holding for the big move up. Shorts will be forced to cover once this bull flag completes by the end of the month, adding more buying pressure to breakout of any resistance levels.
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