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July 5, 2011

Cornered Markets

The market threw us a couple curves Tuesday, so here comes an early-morning post to cover the July 5th action. Most pertinently, precious metals exploded higher despite a rise by the dollar index. This action actually supports the framework of expectations discussed in the weekend letter which postulated that the 3-year low for the dollar may yet lie ahead. If the buck is about to ...

 

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