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December 7, 2010

Intermediate Decline, Take 2

I'm going to go out on a limb and say gold just printed an intermediate cycle high. Precious metals formed large reversals today... in the case of silver, a massive one... on high volume. A clue to imminent pain came in the first couple hours of the session when mining shares gapped sharply higher and then quickly coughed up those gains and turned red. While we still need to ...

 

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