A Major Silver Short Squeeze Is Coming
By Patrick MontesDeOca Jun 24, 2013
A short squeeze is coming our way in the silver market. The weekly chart below shows the tremendous divergence building between the RSI and Price. It won’t take much energy to get the price headed in the opposite direction. Once we get confirmation, I will let everyone know. We are still subject to one more possible flush to the downside, but the the downside from here is very limited with huge upside potential.
Now, let me let you in on my secret weapon – the Monthly VC Chart. This will be the only time that I post this chart. Based off the Monthly VC chart, we are between the buy1 and buy2 level. As a trader this is very exciting to see, especially now when many are pessimistic. July should be a very interesting month for silver based off these two charts. A short squeeze is coming our way sooner than some may think.
Via: etfdailynews.com
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