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April 15, 2013

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Today's action was quite taxing on gold bulls. In the weekend post, I noted how the breakdown of a bullish pattern... in this case, gold's monstrous basing pattern... can result in a vicious move in the opposite direction. On those grounds, I also noted that we could not rule out another $100 down week for the yellow metal. However, I certainly did not anticipate ...

 

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