Gold and silver have recovered quite nicely after the NY cartel raid earlier this morning. However, next week is Triple Witch Week, which is generally the time in a quarter when suppression reaches its peak. It could be different next week but the odds are usually against it.

Regards - VHF

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Gold & Silver Shorts Getting Squeezed

SilverDoctors

March 9, 2012

We wrote this morning that Andrew Maguire's old buddies were downing a few brewskies in celebration of this morning's successful NFP raid of gold and silver. Perhaps they should have stayed at their desks for another hour or two.
In an amazing display of strength, both gold and silver have performed strong outside reversals, squeezing the shorts, and popping ABOVE the capping zones of $34 and $1700!!
Silver popped nearly $1.50 after the raid, likely taking out stop after stop for the new shorts.



Gold was just as impressive, vaulting $35 to $1715!

Blythe better get her traders back to their desks to ensure a weekly close below $1700 and $34!