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| There really isn't much to say except thank you! If we hold 40 today we may see 45-46 by end of week. We know all the debt issues, we know about the problems in Europe, we had hints of QE, politicians are now openly talking about stimulus on all the talk shows this weekend maybe that is what is driving up metals since last night. |
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| Classic volatility expansion (range breakout) should give us at least 6 dollar in the move before we retest 39.5 but i'm getting ahead of myself, we need to hold this break out certainly looks like we can, but as you have seen in the recent days Blythe's gang can call for some margin hikes or Bernanke can douse the fire with some negative comments. |
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