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March 13, 2010

Now or Never

In Thursday's post I promised to deliver the pessimistic view if gold failed to form a daily swing low. In reality, it is more of an alternative view than a pessimistic one. The primary deficiency in our current outlook lies with the delay in the dollar index in forming a weekly swing high. We have now completed Week 15 of the intermediate cycle without that swing, leaving only 7 weeks within the typical timing band for the cycle to complete. In other words ...

 

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