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December 16, 2010

January Redux

I seem to remember a December in the no-so-distant past during which gold was sinking into an intermediate low. Meanwhile, a recalcitrant equity market, which was also due for an intermediate decline, continued to creep higher through the holiday season and into the new year. During the first week of January, gold formed a rather convincing weekly swing low right at the far end of ...

 

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