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October 27, 2013

Confirmation Points

Based on signals within my statistical trend system, I have added to my precious metals holdings by acquiring starter positions in Franco Nevada and Barrick Gold. These potential purchases and their trigger points were discussed in Thursday's Member Letter. Some folks may question the wisdom of building PM positions ahead of next week's FOMC meeting, but to that challenge, I have several responses. The foremost of these retorts is that I am simply following the signals generated by my methodology. My system is not news-driven in the short term, but rather technically-driven, and I will not fret over near-term fluctuations purportedly catalyzed by news. Second ...

 

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