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FSN: Squeeze
Saturday, November 24, 2012 12:32
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Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
from TF Metals Report
Well, that was fun, wasn’t it? I had been expecting the pop to $1755 to come on Monday. That it came Friday, instead, works out just fine!
What a perfect setup that was for a short squeeze. The stars had aligned. We had:
- The “Iron Dome” of Cartel resistance at $1735.
- The 50-day moving average near $1743.
- Plenty of $1750 calls (due to expire Tuesday) to exploit.
- And a light volume, holiday trade.
It all exploded in a glorious five minutes. What great fun to watch!
Continue Reading at TFMetalsReport.com…
2012-11-24 12:22:13
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