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December 15, 2014

Brief Update on Markets 12/15/2014


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We talked about gold pulling back and being short IBB - both of these are moving down and the commodity complex breakdown is going to affect gold and gold miners. Russian ruble has completely crashed and is now worse than the Indian Rupee. Amazing what US political power can do. Short AEM, GM and IBB, long BIS and WSM.


Markets were up and everyone was getting excited this morning. Then we had a pullback and we need to wait and see if the markets consolidate here.

Trucharts team

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