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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 362.31-1.8%4:00 PM EST
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To: TobagoJack who wrote (99901)4/15/2013 12:29:38 PM
From: 2MAR$1 Recommendation  Read Replies (2) of 217537
 
Maybe it’s no coincidence gold’s massive selloff is taking place on the same day U.S. tax returns are due, Marketfield's Michael Shaoul surmises, pointing to the need to raise cash to pay substantial capital gains due at tax filing. If sellers waited until the last day, it might have sparked selling pressure to plunge through key support at $1520; at that point, "a substantial wave of panicky selling was always likely to take place."

catching tradeable bonces here off 1350, but had you shorted the miners in the fall, this DUST 3X Bear just did a double topping 100 (where i am short again)
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