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Pastimes : The Philosophical Porch

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From: Rarebird6/2/2008 8:31:42 AM
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Transcendental Market Fragments:

Bonds:

Bonds are not likely to keep pace with inflation over the long haul (three decades).

Message 24639403

Gold:

Gold should continue lower to around $850 and bounce. Ultimately, it's headed to $727.

Gold Mining Stocks:

Mining insiders are selling, which is bearish for the stocks, which lead the metal.

Oil:

Oil is poised to make another run at significant long term resistance ($136.188). This high will be the ultimate high water mark for oil in history.

Stock Market:

The stock market is poised to roll over to the downside (this week) as the trend gradually moves from positive to negative.
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