The FRED Report

Financial Research, Education & Data

The FRED Report is not authorized, endorsed or affiliated with the Federal Reserve of St Louis and its FRED Economic Data

The Fred Report - Weekly October 24, 2011

View a Printer Friendly version of this page, allowing you to print the page.
The stock market continues to act well, but we have started to hit some overbought readings, and it is possible that we experience the first real correction of the current uptrend this week.  In spite of the technical breakdown, bonds could bounce for a week here, and we would use that bounce to further lighten positions.  We remain with a 10-month price target of 210 on GLD, or 2100/Oz for the nearby COMEX gold future, whichever occurs first.

Sorry this page is available to subscribers only.
If you're not a subscriber why not
join today?

If you are already a subscriber, please login.

If you believe you should be able to view this area, then please contact us and we will try to rectify this issue as soon as possible.

To gain access to the members only content click here to subscribe.

You will be given immediate access to premium content on the site.




Who is Fred Meissner, CMT?
Listen here: