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Monday, November 17, 2008

UPDATES ON NOV 17 2008

NOV 17 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 16210 , S2 RS 16030

R1 RS 16510 , R2 RS 16680

On Friday Silver started out steady , bouncing between

$ 9.21 and $ 9.40 for most of the morning.

With gold becomming increasingly volatile as the

New York session began , the volatility spilled

over to the silver market.

Initially the metal dropped to $ 8.81 and closed in the

COMEX at $ 8.84. However in the aftermath it gained

ground to as hogh as $ 9.40.

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