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Derby Trail: Chasing graded earnings

Updated: March 25, 2011, 10:34 PM ET
By Claire Novak | Special to ESPN.com

NEW ORLEANS, LA -- Every morning down on Moss Street in New Orleans, bells ring out from Our Lady of the Rosary's copper dome. The deep strokes carry far -- across the peeling paint of faded bungalows, around the posts of wrought iron fences, through air so heavy you can almost taste the moisture. Four … five … six o' clock.

The first Thoroughbreds come slowly, silently, stealing up through dense mist to wait at the gap. Their burnished sides move in and out, ...

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