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August 12, 2010

Nervous Fits

As if on cue, gold spurted to a new daily cycle high today with a healthy $17 gain. Gold bulls have to feel a bit giddy about the strength our little yellow friend is showing in the face of a serious bounce by the dollar. The macro reasons for holding gold have kicked into high gear. Basically, gold is rising against all currencies, and cross currency rates simply determine ...

 

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