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August 4, 2013

Golden Reversal

Friday's action has left me immensely curious as to how the markets will unfold in the coming week. Strong reversals in both gold and the dollar bring the promise and threat of cycle turning points, respectively. Oil is flirting with the formation of a new daily cycle. And stocks produced their first ever weekly close above SPX 1700 while sitting on an ancient weekly count. Let's take a closer look at these setups ...


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