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

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To: TheBusDriver who wrote (3089)1/20/2002 2:18:18 PM
From: Claude Cormier  Read Replies (2) of 4409
 
<. I think silver is the key until something fundamentally changes or the PR guys do something.>

I agree, unless of course another big buyer comes in and decide to accumlate BAY stock.

A few scenarios on silver assuming that $4.30 is first suport. $4.20 is key support. $4.05 must hold.

1) It is bottoming next week. We are not goint below $4.30 and moving back up to test $4.75 again, eventually moving above $5.00

2) We will test the $4.20-$4.30 range for a few weeks and then move back up in late February/March, eventually moving above $5.00

3) We gol through $4.20 and then $4.05 to make a final low between $3.75-$4.00. We will get back up only later this summer.

Your guess is as good as mine on which one is the most probable. But I vote for 1) or 2). I also think that BAY will outperform silver.
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