The Fred Report - Mid Week Update January 13, 2010
It is options expiration and how the week concludes is Key! While we are long-term fixed income bears, fixed income in general could have a good move up into the end of February. The TLT could test the 93.00 area or higher. The dollar has had a short-term pullback and looks to resume the advance. We advocate a small position in gold at all times, and for those who have removed their whole gold position look to add some back as we pull back.
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