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Markets

May 16, 2011
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The dollar remains strong here with all sorts of stuff happening in the Middle East and of course the IMF/Euro situation which is dollar positive. As long as the dollar rallies silver and oil will continue to be weak, and I think gold will be flat. Charts are somewhat irrelevant at this point as liquidty comes out of the market due to the aforementioned dollar rally. This crushes the carry trade and sucks free money out of everything.

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