The Fred Report - Mid Week Update February 16, 2011
We note that GLD (SPDR Gold Trust) has had a strong couple of days, and reiterate that we would be accumulating the metal under the 130 area. Note that XLE and OIH have not started to correct, but when they do it could be a sharp drop. We continue to see out performance on the part of Chinese small caps, which we take as a plus for the Chinese markets as a whole.
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