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August 30, 2011

Miner Positions

The S&P 500 piddled around plus or minus 10 handles from yesterday's close as stocks digested the 70-point move out of the Jackson Hole low. We are now 15 days into a daily cycle which should form as right-translated, implying anywhere from 1-4 more weeks of generally higher prices as overly bearish sentiment is worked off. Surprisingly, dumb money sentiment has not ...

 

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