Joined: Apr 2007
Posts: 12,558
Likes: 2,737
From: Thunder Bay, Ontario, Canada - burrrrr!
Bikes: 1958 Rabeneick 120D, 1968 Legnano Gran Premio, 196? Torpado Professional, 2000 Marinoni Piuma
Make sure that the front of the pad(s) contact the rim first. This will result in better brake function and, pretty much, eliminate brake squeal. I try to set my pads up with the front just touching and the rear the thickness of a match book cover away. This might not seem like a big deal but it really is important. In the OP's picture, it looks like the back might be touching first.
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"98% of the bikes I buy are projects".