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June 18, 2013

Various Complexities

The outlook just keeps deteriorating for precious metals. Another $20 drop by the yellow metal brought price to within $31 of forming the failed daily cycle that would signal larger declines on the way. Despite the fact the setup now strongly favors that result, we should not dismiss other outcomes, however improbable. Gold has thrown us for many loops over the past year, beginning with ...

 

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