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Greetings once again, Everyone!
As The Queen reaches new 6-Month Highs, along with Major Appreciation of most Units and especially Gold… the Accumulation and Consolidation Areas we have seen over the last couple of Sessions have surely been Clipped as Key Resistance and Support Levels sacrifice themselves to the Market Gods!
Jobless Claims, Philly Fed Index, Leading Indicators, and even Geithner’s continuing Testimony have been largely “ignored”, as Price Action and Technicals have simply taken things into their Own Hands.
Let’s check in on the Gold Correlation “Side of Things” with the Hourly Views of Gold and The Swissy… where Key “New” Resistance Levels are coming into View.
Give the Captures a Click, and Post-Time is 18:30 GMT… about an Hour-and-a-Half ahead of the NYSE Close.
Please stay tuned, as we now check in for “Covering” on these Positions as we get closer to the U.S. Close… the Big Boys will need to begin taking Profits off of the Table so they can gas up their Yachts and Watercraft for the Memorial Day Weekend!… hee hee hee…
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