Corner Bay Silver (BAY.T) Message Board

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Gold/Mining/Energy : Corner Bay Silver (BAY.T)

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To: Claude Cormier who wrote (2153)	12/14/2001 11:01:39 PM
From: Joan Osland Graffius	Read Replies (2) of 4409

Claude, March silver also closed sharply higher on Friday due to buybacks of short silver positions by Enron, which tightened short-term silver lease rates. March silver soared above October’s reaction high crossing at 4.315 cents and the 38% retracement level of this fall’s decline crossing at 4.335 cents. If the rebound continues next week, the 50% retracement level crossing at 4.423 is March’s next likely upside target. At the same time, momentum indicators have become overbought warning bullish traders to use caution as a short-term top might be near. From INO.com Joan

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