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April 27, 2011

Upside Surprise

We had quite an interesting day and therefore have lots to discuss tonight. On the forefront of everyone's mind, no doubt, is what to make of the precious metals rally. Rather than follow our tidy framework of expectations, which called for a move into a daily cycle low, gold exploded higher. Silver went absolutely bonkers, rising over $3. So, with a daily cycle low conspicuously ...


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