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Thanks NFTRH: 

"Gold, the counter-cyclical Amigo is in something of a consolidation channel as opposed to the minor topping pattern I’d previously thought it was. 6 of one, half a dozen of the other. It’s correcting as it should during the initial phase of the macro trade. Why? Well several reasons, but a major reason was viewable well ahead of time, and view it we did… Bond Yield Continuum and Gold, on August 8th. 

If/as the global macro reflation bid keeps up gold is likely to at least test initial support at 1425. I think that the world would have to get very bullish and risk would have to slam to full ‘on’ in a global punch-drunk party for gold to test major support, but there it is anyway. Respect it. That was the breakout area that indicated a new cyclical bull."

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Comments

"GRAVE NEW CHAPTER""GRAVE NEW CHAPTER"
/CL 1450 Tonight PLEASE! 11/7/19
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