The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ggersh who wrote (102072)	3/11/2009 12:11:12 PM
From: LTK007	1 Recommendation Read Replies (1) of 110194

FWIW:Market/GOLD opinion. <<Downside volatility is being exacerbated by the lack of an uptick requirement for short selling, which requires that shorts can only be placed after an incremental move up in price. Rumor has it that the uptick rule is likely to be reinstated within a month or two. This news is also contributing to the strength of the advance. The rally in equities is causing a rotation of fast money from the gold market. In the last two Monday Spear Chats we suggested a target of $850 for gold on this pullback. We think this dip in gold represents a buying opportunity, however, and we suggest subscribers consider adding to precious metal positions around the $850 area. MARKET CALLS The S&P 500 should easily attain the 753 level on this rally. A close above that figure puts the 800 area in play.>> spearreport.com

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