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February 7, 2012

Stealth Mode

As my business partner, George, is fond of reminding the crew in the office, the markets are no cocktail party. His point strikes home with today's action which saw the dollar break down to a new daily cycle low, pushing gold almost $25 higher. The hospitable scenario for augmenting PM positions called for the dollar to pop higher, quickly extinguishing the ascent of ...

 

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