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Gold and Silver Bullion and Mining Stocks Short Covering Squeeze?
Thursday, April 25, 2013 4:37
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A week ago I wrote about a potential rebound after capitulation and panic selling in precious metals and the miners. It now appears Goldman Sachs (GS) is covering its short on gold as it rebounds above $1400.
Meanwhile, many banks have helped confuse and misdirect the investment community out of gold (GLD) and silver (SLV). This was a classic shakeout and bear trap which may start a major short covering rally.
Be ready to see increased short covering combined with record physical demand. These are the two elements to spark a price spike and breakout higher in both gold and silver.
Read More: http://www.stockgoldmarket.com/gold-and-silver-bullion-and-mining-stocks-short-covering-squeeze
