Clifton Mining (CFB-Alberta)-Silver Play Message Board

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Gold/Mining/Energy : Clifton Mining (CFB-Alberta)-Silver Play

CFTN 0.110

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Nov 7 9:30 AM EST

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To: Dan P who wrote (318)	3/16/1998 11:49:00 PM
From: Claude Cormier	Read Replies (1) of 653

Daniel, I am still very bullish on silver for the long term when I look at a chart. But the short term correction is normal. Im am no expert in TA but I can see that the rally from summer 97 into January was a classic 5 waves impulse. We are now in a correction. We may go down to the $5.40-$5.50 level which would be a 62% retracement of the advance like some TA guy are saying, but I really think the 50% retracement at roughly $5.90-$6.00 will hold. The question is how complex will be that correction and how long will it last. Studying the gold/silver ratio tells me that it is overextend and should get back above the 55 level before we get back down. This means that either silver will weakened or gold will be move higher and faster than silver. My belief is that we are about to start a rally where gold will outperform silver. SIlver will come back but only later in 1998. I don't think that we are going to $3.50 like the PEI guys think. Daniel, I am sure I am wrong, but that is my best guess <g> BTW, on CFB.... we are due for good news. I am sure we gonna get them. Real soon. Although I don't believe that CDB will advance rapidly in prices and be at $5 this year or next, I think the company is very well managed, has a good project with a lot of potential, and the stcok price will advance regularly and progressively. My bet is $3 before this century is over... More in the next one. CC

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