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When it comes to the precious metals markets there's no more astute observer than Craig Hemke a/k/a Turd Ferguson. And he's not convinced that the rally in precious metals has legs. Until gold smashes the upper end of the channel, which is $1263 per ounce, Craig is a skeptic. It's just that he's seen it so many times before. And hope is not a successful investment strategy. So you've been warned.