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Saturday, October 4, 2008

UPDATES ON OCT 4 2008

OCT 4 SATURDAY

Silver took a beating.

Morning trade was orderly with the metal tracking

gold , but the sell offs after gold's drop was

merciless.

Just before New York opened silver slid to $ 11.80.

After failing to settle it shed 50 c in US trade closing at

$ 11.05.

Primary support is at $ 11.00 and secondary support is

at $ 10.30 to $10.25.

Primary Resistence is at $ 12.00 and Secondary

Resistence at $ 12.18.

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