The FRED Report

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The Fred Report - Weekly June 1, 2010

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We note that daily indicators are oversold enough to produce a one to two week rally at this point.  We continue to suggest taking some capital gains in bond positions at this juncture.  As long as the GLD remains above the 115 area we would expect new highs through summer at least.  For now we look for a pullback in the dollar. 


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