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Thursday, January 8, 2009

UPDATES ON JAN 8 2009

JAN 8 THURSDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 18180 , S2 RS 18030 , S3 RS 17880

R1 RS 18510 , R2 RS 18680 , R3 RS 19840

STAY SHORT AT RESISTENCE.


Silver followed gold lower throughout Asia and London

slipping from $ 11.27 to $ 10.78 before rallying

in Newyork settling at $ 11.44 at the close and

gaining $ 11.52 in the aftermath.

Support and Resistence are at $ 10.91 asnd $ 11.62

respectively.

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