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Thursday, May 17, 2012

Thursday, 5/17/12 update

I've been traveling on business this week since Monday, so I only have time to check markets in the evening on my laptop.  For some reason this thing won't let me get into the disqus comment section on my blog, it's also doing other flaky things that are getting me nuts, can't wait to get home and get back on my desktop PC.

Gold had an upside breakout today as per the discussion in yesterday's post.  This ramp up today has an impulsive look to it, so it quite possibly is a major turn in the gold market.  If so, it invalidates the Elliott count presented yesterday.  Don't have time this evening to re-visit that analysis, perhaps over the weekend.

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