The FRED Report

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The Fred Report - Weekly August 11, 2014

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We would expect more of a rally here and a possible test of the 196 – 198 area on SPY, and failure to exceed that area would be a negative.  We remain bullish on GLD, but the performance of gold does not really have economic significance.  Should EEM exceed 45 again, on this run, and accelerate, we could see the start of a big move.

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