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June 8, 2010

New High for Gold

Tuesday's action was rather non-eventful, although gold did manage to tag a new all-time high before reversing to close near the session low. At Day 11, the current daily cycle is still a bit young to be forming a high. Since we are expecting a right-translated cycle, it would be reasonable to expect a peak at Day 15 or later, and I have a hunch this one will ...

 

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