This is a question I’ve had for a while. I’ve gotten the impression that reciprocal linking doesn’t work at all anymore. However, there are some cases where it seems like the best way to get a link to a high PR site is by putting a link in place.
Just as an experiment, I’m going to go ahead and test a few places. The reciprocal links are here. We’ll see how well it works.
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The site is listed among seo resources in the directory of seo links.