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My dear friend Rob Reid had a book launch party last night, which I attended. He’s written a massive new novel called After On, which I’ll do a post about once I manage to read the tome.

The big news in the markets, of course, is Apple, which is roaring to lifetime highs at this very pre-market moment, up over 6% on strong earnings. This is pushing the NQ higher too, of course, although its own gains have softened a little overnight (hence the black bar, instead of white) and which itself is NOT at lifetime highs. The NQ rocketed over 7% in the month of July alone, so I guess the excitement is already sort of built into the overall market.

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I had become so disenchanted with trading in gold (and miners) that I stopped, but boy, I sure wish I was short gold right now. This is a beautiful setup, and it looks like it is finally, finally, finally rolling over. The dollar, as I mentioned yesterday, looks like it’s ready to get itself up off the floor, and if it does, gold is screwed ‘n’ tattooed.

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It’ll be extremely interesting to see where the NQ is at day’s end, after it’s had a chance to truly digest the AAPL news, which is pretty much the last major earnings event, at least in tech-land.

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