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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: koan who wrote (78941)5/9/2008 9:28:35 PM
From: SouthFloridaGuy  Read Replies (2) of 116555
 
Oil is in a full blown blow-off top and the CRB chart is deteriorating (weak RSI with higher highs). If history is a guide, a 40% decline is entirely possible.

This is bullish for gold. There is a great article on SafeHaven outlining the similarity to the current period and 2001 - a great year for gold stocks.

safehaven.com
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