$12 tuesday: i look at pog chart & say why not

Hi all

http://charts.kitco.com/KitcoCharts/?utm_source=kitco&utm_medium=banner&utm_content=20110215_iCharts_bottom&utm_campaign=iCharts

yes I suffer insomnia sometimes and look at the kitco POG chart at 3 am

yesterday we all have a good day and see $11

some might think $12 next day is too much to ask for

but consider this

1) the POG is up to 1275; we could see jumps every night for weeks to come

2) There were buyers over at close yesterday

3) instos are probably behind in their assessment of NCM. They are probably not going to be aware of the change in price level until a few more meetings this morning. They will have to place orders to catch up

4) there has been no short squeeze yet. It could come today

although $12 Tuesday seems a tall order the fundamentals are in place for it to happen
good luck to all