PPR - GLD and SLV potential pocket pivots - Watch for it

Published : February 21 2012 at 10:24 ET

GLD will need to trade 16,085,100 shares today to qualify for a pocket pivot.

SLV will need to trade 15,972,800 shares today to qualify for a pocket pivot.

The price/volume action in GLD and SLV going back months is very constructive, and over the last coupe of weeks, a very tight pattern has emerged. This all bodes well for today's pocket pivot, should it occur.

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