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October 27, 2010

In Need of a Break

Despite the pressure seen in the gold market today, nothing has changed with regard to the outlook. Either this cycle will find some legs and launch higher or gold will hack through a 3 to 4-week consolidation. I really doubt we're going to see the bottom fall out here with a 3-year cycle low dead ahead for the dollar. In fact, if gold were to ...

 

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