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October 7, 2010

Intermediate Review

If the reversals posted by gold and the dollar today don't manage to produce daily cycle pivots, I don't know what will. With the buck well within its timing band for a low, gold posting a mini blow-off move over the last few days, and sentiment for both getting stretched, we should now see firm enough reversals to get folks back on the wrong side of the trade. Of course ...

 

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