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January 1, 2012

Dollar Topping

So much for a quiet holiday season. The Old Year ended with a 3-week plunge in the precious metals arena, concluding with a swing low in gold... which likely marks both daily and intermediate cycle lows... on the very last day of the year. The last week of gold's plunge was induced by a quick pop to a new high by the dollar. Since the near-term prospects for precious metals and commodities in general highly depend on ...

 

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