The Fred Report - Mid Week Update June 7, 2023

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Stocks may see some more choppiness and correction but should continue to broaden out even on declines. GLD is holding the 180-area, and while we are not optimistic, it is holding so we cannot count it out. The main thing there is that there is little accumulation, and a break of 180 would be a concern. USO has slowly moved down into buy territory from a peak in 2022.



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