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Message: Re: Silverado Gold Mine Chart Update

For what its worth, here is my 2 cents...

The short sellers are feeling the squeeze with this narrow fractional trading range upwards, no room to make any money. Yep.. it appears that the short sellers are no longer in control of Silverado share price and they know they are slowly losing their control of the technical chart. The Pink Sheet page for Silverado shows that the legal shorts are being squeezed out of the stock.

I'm sure the positive fundimental changes for Silverado has allot to do with this sea change, bring in a new breed of buyers, it appears they are now taking over the control of price movement, squezzing out the legal short sellers.

I wouldn't be surprised to see the short sellers try to CAP the price at the .017 level today to buy themselves more time to tread water.

PS: the share price did close yesterday Thursday on the 20 day moving average line at .0151 for the weekly chart, any close today above yesterdays closing will signal that the 20 day moving average line is again the support level for the share price as we march slowly up to re-test the 2 cent level.

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