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February 15, 2011

Likes and Dislikes

There was a lot to like about today's precious metals action. For starters, one has to be impressed by the fact that silver followed up a big gain by posting another gain. In other words, the market felt no need to forfeit any of yesterday's 2.3% jump to consolidation. More importantly, though, gold broke to a new cycle high. Now on Day 12, the odds go up tremendously that ...

 

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