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December 12, 2011

At a Loss

For the second time in three days, gold had set itself up in what looked like a very bullish posture based on our cycle counts, sentiment, and historical tendencies. Wednesday, we saw the yellow metal follow Tuesday's bounce off the lower triangle bound with a mid-cycle swing low and a test of the upper triangle bound. Friday, gold tested and held the lower triangle bound, and with silver and mining shares ...

 

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