Silver Snifs $42 Before Pulling Back

Last night we wrote that if silver's rally continued, it would likely hit $42 before Blythe showed up for work this morning.  As if on que, silver immediately initiated a run to within fractions of $42, where Blythe was forced to make a few emergency overnight phone calls to her Euro friends to stop an imminent short squeeze.  The cartel will likely attempt to initiate a larger sell-off in today's session, as a run back to the overnight highs near $42 spells grave danger for JPM/HSBS naked shorts.
For those lucky enough to receive their paychecks on Monday mornings...buy the dip!