Clive P. Maund
gold, silver, & oil shares

Silver Reports

Silver Market Update
Silver broke out of its 5-month downtrend last week as expected, but, as with gold, the move was unfortunately not confirmed by action in stocks, which have continued to drift lower. When this fact is combined with the ramping of Commercial short and Large Spec long positions over the past couple of weeks, it starts to look like this breakout was false. Certainly a reaction is looking a lot more likely now... Posted at 4.00 am EST on 15th December 14.
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