fbx, my expectation is that CCU will retrace back to the 76.4% fib level of the range from 2010 low to 2011 high at around 37c. Interestingly that is also around the level if the 2009 high of 41c. Expect a bit of overshoot so perhaps around low to mid 30's for final pullback low.
EC
Ann: Silver Hedging , page-10
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