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October 1, 2013

Equity Raliies and Dead Cats

My suspicion that once gold broke its daily cycle trend line, price would plunge to a failed cycle state in a single session proved prescient. The yellow metal was down as much as $45 today, easily taking out the daily cycle low which formed at $1291 two weeks ago. We now have a confirmed intermediate cycle decline. I added to my short and will ...

 

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