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Northwest Iowa | Very impressive market action in gold. Silver trying but looks like it is just riding the coat-tails. There are 2 thought processes here that could be considered. 1.) Risk on in the investment community. 2.) Worldwide concern about fiat currencies. I lean toward the later and I bet John Burns does, too. For Elliot Wave followers- in May corn we now have a 2 legged break (against the main trend) with both legs similar in price and time, possibly ending wave 2 correction. Wave three would be higher with possible areas on either side of $4.00 (May). Very few think we can get there so it makes it more likely! | |
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Gold
