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June 21, 2010

Cycle Shake-Out

Today's reversal in precious metals demonstrates just how the market manages to keep retail traders on their heels: break out to a new high and then pound the folks who trade only based on lines on the chart with a 2% drop. I wonder how many thousands of suckers bought late Friday and stopped themselves out for a loss today. On the other hand, those privileged few of us with a foundation in ...

 

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