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January 8, 2011

Anti-Rallies Detected

At long last we have a failed daily cycle to go along with gold's weekly trend line break as confirmation that the intermediate cycle is experiencing its primary decline. It's a waiting game now and nothing more. We simply have to twiddle our thumbs until receiving signals that an intermediate low has formed, a process I expect to take about a month, plus or minus a week. Once gold has ...

 

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