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Non-Tech : All Industries Value Investing

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From: Keith Feral9/16/2011 11:46:55 AM
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GS to close Global Alpha. Should have known their was a good reason for their bullish comments on commodities yesterday. They are trying to get out of all of their toxic commodity positions they have been pushing for the past 10 years to extreme levels to glorify the health of the global economy. So, why not tell everyone that crude has 20% upside while GS liquidates their fund. Any time GS tries to pump the commodity trade, things head south pretty quickly for commodities. I hope this is yet another example.

Crude is kicking off a sell signal today after going nowhere for the past couple days with a better market. $87 is no bargain for crude. As long as the dollar improves with bond yields ticking higher, the market will hold on just fine. If yields start to fall back under 2% again, another revisit of 11K will be in order.
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