04-20-2012, 09:05 AM
Got the short covering rally yesterday, moving silver up some .80 but no follow through as the markets ended only slightly higher. Lots of things to focus on. IMF meeting on weekend to attempt to raise $899 billion in emergency funds. Spanish yields touching 6% again suggesting continued fear. Dollar slightly weaker. Cant see the market being aggressively short over the weekend. If we get some softness in the morning, I would pick up a small position with the anticipation of a firmer close.