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Gold/Mining/Energy : Silver prices
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To: Canuck Dave who wrote (4042)12/18/2001 7:49:08 PM
From: brian krause  Read Replies (2) of 8010
 
Some silver traders are calling it a seasonal rally. I have been doing as much reading of international silver news as I can and there is confusion in the market as to why supply is so tight. When the London market takes it through $4.50 tonight and the U.S. market follows tomorrow we may see some traders realize that this is more then they are downplaying it to be. It will take a crushing of the resistance at 4.50 to wake them up but then the stops will come into play and the real rally begin. We are only hours (2 days at most) away from watching the panic. I can see the fear in the shorts statements as they try and downplay the inevitable.
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