Tuesday, November 9, 2010

Silver -- at least a ST top in

The Silver ETF has traded over 8x its normal volume while making a new lifetime high.

$SILVER traded to a new 30 year high (just the Hunt brothers got a worse price) over $29.

I believe at least the short term top is in on Silver; I would be shocked if at least it didn't correct 10% from here additionally.

$GOLD may get dragged down with it as well for a short time.

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