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Silver SqueezeRoss Clark The squeeze in silver is on, matching that of 1979-80, as it has held at the 50-day EMA rather than breaking through to the 150-day EMA, which is typically seen after most upside Exhaustion Alerts. The low of December 4th is the new make-or-break support. The upper channel lines project resistance around $75 and $125. The silver miners outperformed bullion from Q1 through Q3, as seen in Q4 1979. They appear poised to break through the October highs, but not run as hard as bullion. (Click on image to enlarge)
### Ross Clark
321gold
Ltd |
