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January 4, 2011

Fortune in Disguise

You'd think we would be used to this by now. Last January, gold delivered a convincing weekly swing low deep in the timing band for an intermediate cycle. In early July, gold was behaving as if it would defer an extended decline and go straight into parabolic mode. This time, the dollar delivered a failed daily cycle along with a surge in gold's price. In each case, gold drew bulls into ...

 

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