Paying close attention to subtleties can yield analytical rewards, as it did when we noticed how a rally in Silver had failed to surpass some seemingly minor peaks on the 15-minute chart. The implication was that buyers were spent for the day, an observation that later proved to be correct. Gold and Silver were in tired but nonetheless bullish consolidations on this particular morning, but we still found ways to force trades in each via camouflage. We also discussed ways to exploit an expected 15-point rally in the E-Mini S&Ps – a goal fraught with danger, since the futures were already up 15 points, caught in a pre-Thanksgiving short-squeeze.
