The Fred Report - Weekly January 9, 2012
The positives we see are: (a) favorable short-term chart pattern, albeit one that is fully testing resistance, (b) sentiment is quite negative (a contrarian positive), and (c) the action in the US dollar is positive. Bonds look to perform less well in 2012 than they did in 2011. Overall, Asia remains an “avoid” for us. We would be sure to have at least some gold (whether stocks, or the metal itself) in portfolios at this time.
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