The Fred Report - Mid Week Update August 14, 2013

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We would like to see this market show some “get up and go” but it has to happen relatively soon, or we should see some corrective behavior.  There is a chance for a bond rally but so far the reaction to this signal suggests the bond bull market of the last 30 years has either breathed its last, or is about to.  GLD still could test the 122 area within the context of this bottoming process but it DOES look like a bottoming process.

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