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sumotrader

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sumotrader

Re: lifter post# 1906

Wednesday, 07/09/2014 8:26:33 PM

Wednesday, July 09, 2014 8:26:33 PM

Post# of 13238
DUST closed at 15.26, a 50% retracement from it's recent high on May 29th. RSI in oversold territory at 27+- and GDX is overdue for a leg down IMO.

The only tailwind I see for Gold would be the tension between Israel and Hamas. Israeli PM's have a habit of taking retaliatory measures against the advise of their Western allies.

I'll keep the stops tighter than normal.

Good luck,

Sumo

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