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May 6, 2013

Nothing To Do

Market action offered very little in the way of furthering our frameworks today. Everybody is waiting for something to happen in the PM complex, as gold has basically moved sideways for seven days. My view thus far has called for another lock-out day, but the longer PMs linger, the more likely the break will be lower since gold's timing band for a DCL approaches. Either way ...

 

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