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permabear

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permabear

Re: Bullseye104 post# 7343

Monday, 04/25/2011 3:42:52 AM

Monday, April 25, 2011 3:42:52 AM

Post# of 17231
Traders are clearly eyeing $50 as a price target for silver. I believe $50 was the all-time high back in the Hunt brother days. I would guess that once it gets there, resistance will build as well as profit taking. If silver can bust through $50 it's on to new horizons. If all the short rumors are true about JP Morgan, we may be seeing that long predicted short squeeze.
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