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Wednesday, March 12, 2014

Hence my call for the coming commodity Spike that will take many by surprise

 
On the weekly chart, we see the strength of the rise relative to the nearly 2-years gradual sell-off in the security.  Prices have moved through all the Fibonacci retracement levels from the peak of mid-2012.  Also note the MACD has plenty of room to run.
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1 comment:

  1. PW Bailey5:34 AM

    Good call Bill. Gold is taking off too. So much for my thoughts about a pullback to the 1290 level!

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