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Pastimes : The Philosophical Porch

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From: Rarebird	9/19/2011 10:44:24 AM
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Transcendental Market Truths: Gold: The key support line on the long term chart is just below 1600 right now. If it holds, the price of gold is going much higher. If it breaks, it’s a long way down. Oil: The price of oil is rolling over, with the second shoe of this depression about to drop. By the time the markets realize it, the old lows will be violated and oil will be bottoming at $10 per barrel. Dollar Index: The Dollar Index has bottomed and is trending higher. Flight to safety means flight to the dollar. NYSE Composite: The internals of this market are horrid. Bottom Line: A rollover back to the main bear trend is coming.

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