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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Have a great Sunday, especially those of you like me that are celebrating Orthodox Easter ... As well as those of you who are also like me and mourning another Maple Leafs Game 7 exit ... Ugggh!

Sincerely,

George et al

Message: Auguries - October 12, 2012

Auguries - October 12, 2012
Nothing Sinister Here
Kevin Michael Grace


Gold was down (at press time) $12.60 (-1.3%) for the week to $1,769.60, and silver was down $0.94 (-2.8%) to $34.08.

According to the Dan Norcini at King World News October 10, $1,800 “has been a critical resistance level that has now been reinforced three times. This level has a great deal of technical significance because the bulls have attacked the $1,800 area on those three separate occasions, but each attempt has been rebuffed.”

He continued, “Until gold can extend through $1,800, we are going to stay in the near-term bearish bias… The way gold has traded is very reminiscent of how it traded when it was back at the $1,600 level. We had a couple of months where gold had fierce resistance at the $1,600 area, until gold broke convincingly above that zone.”

Read more about gold prices here.

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