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

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To: arizzzona who wrote (4048)5/20/2002 3:57:36 PM
From: Claude Cormier  Read Replies (4) of 4409
 
<Silver closes at $4.77 SSRI currently up 20%, to $4.66 (!)>

Incredible move for a stock that need $6.50 silver to even think of bringing its first mine into production. That shows how the silver market is illiquid and thin and therefore, very responsive when demand shows up.

This move in silver today is almost a breakout... The 3-year resistance is solid at $4.75-$4.80... if we move above it, look for $5.25 as the first target.

All silver plays will rock... and we should have a very strong move in BAY tomorrow, assuming no setback in Ag.
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