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Tuesday, September 30, 2008

UPDATES ON SEPT 30 2008

SEPT 30 TUESDAY

SHORT TERM TREND : BULLISH

LONG TERM TREND : BULLISH

S1 RS 20860 , S2 RS 20560

R1 RS 21160 , R2 RS 21120

WAIT FOR CONFIRMATION.

Silver for immediate delivery was little changed at $13.11 an ounce.

Silver is still in a bearish trend where gold has broken

bullish.While silver remains below the August

high bounce of 14.02.

Bullions are supported as financial sector turmoil

and weakness on the equity market spark safe

haven buying but gains are capped by a firmer dollar

and losses in oil.




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