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May 14, 2014

Gold Maintains Ambiguity

Gold has been acting rather odd over the past few weeks. A daily cycle that ended in late April managed to fail, despite forming as right-translated. Failed cycles are, of course, the hallmark of intermediate cycle declines. And yet the current daily cycle, despite being 14 days old, has yet to fail and continue the decline. Until the action clarifies, I will remain neutral. Meanwhile, as shown in the gold chart below, I have another hypothesis to consider ...

 

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