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December 10, 2013

Gold Commences New Daily Cycle

Score One for Instinct

Score one for instinct. Gold surged higher today, confirming a new daily cycle within our statistical system and greatly increasing the chances that we will re-phase the October intermediate cycle low out to Week 23. As you will recall, I have remained skeptical of that October labeling due to the fact that the weekly statistical confirmation of that low was only marginal. On the other hand, more recent action leaves no doubt about the presence of an intermediate decline, and if the yellow metal were to manage a close above ...

 

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