The Fred Report - Weekly March 2, 2020

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A double bottom has larger chance of occurring than a “V” bottom. If this pattern holds the way it should, then we would assume five to eight weeks from the first low until the second. GLD has likely peaked for the year, unless that high is exceeded. One thing about this week that is interesting, but has not been remarked on much, is the performance of the Chinese ETFs. These outperformed the US last week.

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