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October 2, 2013

Interesting Movements

Markets produced a few interesting movements today, but none that change our framework of expectations. Gold, of course, clobbered the shorts but did not rally enough to change trend expectations. Price would need to eclipse the previous daily cycle high at $1375 to negate 18-Sep as a daily cycle low, but even at that point, the outlook for an intermediate decline would be ...

 

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