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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.
World On The Brink of Having Another Lehman Moment
InvestmentWatch Bond Fund Outflows Hit Record, Global Sell-Off Is Getting Uglier, China Is Telling The Banks To Deal With Their Own Mess… BIS: Central Banks Can’t Do ‘Whatever It Takes’ Here’s The Message From The People’s Bank Of China That Sent Stocks Cratering Shanghai shares got crushed last night, and financials were really hard hit. One culprit: The People’s Bank of China is showing that it’s very disinclined to step in and smoothe over tight liquidity conditions. Instead it’s telling the banks to deal with their own mess. Nomura’s Zhiwei Zhang passes allong the message from the PBOC in a brief note The guidance note stated that “overall bank liquidity conditions are at a reasonable level” and asked banks to “prudently manage liquidity risks that have resulted from rapid credit expansion”, “appropriately contain the pace of loans and bill financing” and “utilize the stock of money and credit to support the economy”.
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