Silver Short-Squeeze Intensifies

We saw another over a dollar rally in Silver on Monday even though the US market was closed for the President's Day holiday.

At the current pace, Silver's $50 per ounce price is not far around the corner. As the short-squeeze intensifies, and the short-sellers panic or get liquidated, we may see a $3 to $5 daily price rise very soon, as long as key support of $29 - $30 per ounce is not violated on any pullback.

Looks like the bull is winning this one..

Crude Oil Market

To fully understand the intricacies of global crude oil market and prices, this PBS documentary about the House of Saud is a great one to watch.

Here is the link: http://video.google.com/videoplay?docid=4383835181717429209#

World Oil Reserve Ranking

Link here:
http://en.wikipedia.org/wiki/List_of_countries_by_proven_oil_reserves

1. Saudi Arabia
2. Canada
3. Iran
4. Irag
5. Kuwait