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Given Break in Dollar and Stock Market


What we know is the metal market's on fire. The gold market is a winner for Trump. You're up now, if you closed here at $2940, you're up $56 for the week—nearly two percent. You're still caught in the sideways action here, and by the way, you have that same type of action if you look at GLD on the ETFs, and so you are drifting here. The question is, can the market accelerate and make the run now to the $3000 level or not?

You still have the pattern of higher lows and higher highs at work. The market is over the 18-day average, and now that number is over this last break low.

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