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From David’s Desk Gold is range-bound between $1,545 and $1,550.  Once again, the Cartel took gold down in the thinly traded after-market, after gold had hit an intra-day high of $1,559.  Gold is creeping back up toward its recent all-time high and it would not surprise me to see gold hit the $1,600 mark yet this summer.  Last year, gold took a big hit for a two week period at this time, before launching up $375 ever since.  Will the market repeat this move again this year?  Maybe so!

Sincerely,

David Schectman

Miles Franklin