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Ongoing Overnight Short Squeeze Takes Silver To Fresh 31 Year High

Posted By admin On February 21, 2011 @ 4:56 am In Money Watch | Comments Disabled

Tyler Durden
Zero Hedge [1]
Feb 21, 2011

Silver takes out $33.10, hitting a fresh 31 year high, as the relentless short squeeze leads to more body bags, and the only flight to safety currency is now the non-dilutable one (with gold on the verge of $1,400). Only $20 more to go until the all time Hunt Brother record is smashed – one/two more revolutions should do it; even better: hopefully the CME hikes margins next week: that would bring $40 silver 24 hours later. And on a more somber note, please join us for a moment of silence in remembrance of the great, the legendary, the soon to be departed Blythe Masters whose most recent zero margin, infinite PM short contraption has just sang its swan song.

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[1] Zero Hedge: http://www.zerohedge.com/article/ongoing-overnight-short-squeeze-takes-silver-fresh-31-year-high

[2] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/von%20havenstein/Silver%202.21.jpg

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