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Gold Outlook Increasingly Hopeless

Gold is in a delicate spot after pulling back to trend support around xxxx.  Breaking this area would put the latest 13-week cycle projection of 1xxxx in quick reach. That would also suggest that the high is in on the xxxxx xxxxx cycle. If the xxxx area holds, then one more rally would be in play before that cycle peaks.

The outlook for the mining stocks isn’t much better. Non-subscribers click here for access.

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The strategy and tactics suggestions in this report are informational and general in nature, and illustrative of one approach. They are not investment advice. No representation is made that it is the best approach, will be profitable, or even suitable for any particular investor.

Nothing in this letter is meant as personalized investment advice and you should not construe it as such. Trading involves risk of loss, and in the case of options, the loss can be 100% of the amount invested. Any trading that you do with reference to strategies and tactics suggested in this report should be done only after consulting with your financial adviser. Trade at your own risk. 

Posted in 3 - Gold Trader
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