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Message: OT: Gold Retracement

Gold Retraces Japan Liquidation Losses

05/20/2013

We commented as it happened that last night's jawbone-inspired flash-smash in USDJPY which triggered what was evidently a major liquidation in gold and silver at the margin was a buying opportunity for the precious metals and sure enough, gold has recovered all of its losses and silver is close.

Charts: Bloomberg

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