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December 28, 2010

False Profit

Precious metals are breaking in an undesired direction this morning. We were obviously looking for a firm move lower in order to deliver a failed daily cycle for gold and trigger the rest of the move into an intermediate cycle low. Well, markets rarely make things so easy. The first thing we need to do is stay calm and avoid panicking. Anxiety will certainly get a trader to make the wrong move. Keep in mind ...

 

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