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January 5, 2011

New Year Strangeness

Strange things usually happen around the new year, and 2011 is no exception. Last year we saw a weekly swing low on gold deep in the timing band for an intermediate cycle which reversed, leading to an extend decline. This year, we saw a dollar cycle fail on the last trading day of the year, inducing gold bugs to chase precious metals into a nasty whipsaw. The latest bit of weirdness seems to be a daily dollar cycle deciding to ...


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