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April 24, 2014

Gold Threatens An Early Low

Gold posted some unexpected action today, threatening to turn our framework of expectations... not just for gold, but possibly also for the dollar... upside down. Sitting shy of both its daily and intermediate cycle timing bands, gold recently slipped below its daily LowerBand, as well as its 150DMA. Conditions were ideal for a large selling event. Instead, the yellow metal posted a ...

 

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