The Fred Report - Weekly September 7, 2010
While we expect a bit of consolidation and a possible move back down to 106, after this the SPY should move through the 114 area. Ideal would be a rally back to 106 for the TLT followed by a break of 102. We expect a pullback in GLD to 117 or so over the next couple of months and will use that to add to positions, while retaining a long-term position in the metal.
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