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Have Precious Metals Seen Their 2014 Peak?

After posting its first monthly decline of 2014, gold now trades near 7-week lows and the charts are looking ugly.

As readers familiar with our research know, last year we were consistently bearish on gold (NYSEARCA:GLD) and precious metals (NYSEARCA:SLV) along with mining stocks (NYSEARCA:GDX).

Last year,

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