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May 2, 2011

Shake 'Em and Bake 'Em

Let's begin tonight's letter with a reprise from the weekend letter: The level that supported the last 3-year cycle low sits less than two points below. I seriously doubt the dollar will fall for so long and get so close to such an important level without violating it as another major low is set. The problem with the dollar's bear case is ...

 

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