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May 18, 2014

Cotton Cycle Extends

The jury is still out on the nature of gold's current daily cycle as we continue to await a break of one of our TrendBands to direct us. The weight of the evidence, however, suggests further downside for the yellow metal. First, the decline of the weekly cycle out of late December still sports a Week 16 low. Further decline would therefore be needed to bring the cycle low within the normal timing band. Second ...


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