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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: Ahmed Elneweihi who wrote (876)	3/12/1998 2:43:00 AM
From: paul ross	Read Replies (1) \| Respond to of 8010

We may very well be headed for a close below $6, PAASF seems to be pointing to the downside. Open interest is falling as we have been moving sort of sideways, but has also been falling on any of the rallies; a neutral outlook (to me). We are also in a short term triangle, with resistance at 6.30, which we hit on Monday and support at 5.97.A break above we could see 6.70 to 6.85, a break below we could see 5.41, the 1/12 low (ugh!). I'll be a seller on a break below 5.92(short term). Jake Bernstein who does a lot of work with cycles feels we have reached a seasonal top, as Ray Hughes suggested. His website is at: trade-futures.com:80/ and see weekly report. PR