The Fred Report - Weekly September 20, 2010
We are seeing some breakout-type action in our accumulation models, enough to support a run to the upside here, and at least hold the downside fairly contained. While our forecast has been (and still is) for a rise in rates into the fall, the next week or so could prove critical to the success of that forecast. As long as the GLD (SPDR Gold Trust) remains above the 121 area this market is likely to advance into the 130 area at least, by the end of the year.
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