A quick note regarding todays closing for Silverado Gold price

The Accumlation/Distribution Black line, over-laid on top of the price chart, was pushed higher today with all the buying. This ultimately places a greater squeeze on the short sellers as the price gathers momentum up the chart.

As you can see from the chart below, a huge white buy candlestick has formed after todays closing. It will be very interesting to see what tomorrow will bring !

With the "Golden Crossing" close at hand, it will bring in much more money fire power from big investors such as momentum traders to join the run up the chart. The Golden Crossing is when the 50 day Blue moving average line breaks above the 200 Red moving average line. When that day happens, it will signal the complete destruction of all the short seller's work to turn the Silverado chart upside down, will have been completely reversed. The chart tells me that since the end of March the short sellers are quickly losing their grip to drive the price down. If Silverado company lands financing, we can say good-bye to these naked short sellers who have had a death grip on the company share price for many-many years; they will be history, they will be nothing more than a distant memory as the company leaves the penny range behind to charge up the chart during the remainder of this gold bull market run !!