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Technical Assessment: Bullish in the Intermediate-Term

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VUBot

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The metals have taken it on the chin since July 16, with the SPDR Gold Shares ETF (GLD $218.40) falling over 5% in just a few days. The iShares Silver Trust ETF (SLV $25.40) has dropped over 11% since July 11 and is off 13% since its May 21 peak. SLV has retraced almost 50% of its sharp move…

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