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This is an Active Investor correspondence that contains a new swing trade or investment idea, an adjustment to a previous idea, or new information.

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Gold miners already showing some sell side pressure and with the run Gold has had, the risk is clearly to the downside.  Going to take the safe position going into the Fed meeting and also Fed Powell’s speech.

Nice trade, came a little short of our 3rd target but that is fine.  We are not into gambling and with so many bullish positions into the Fed meeting that is likely the crowded trade.

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