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To: Real Man who wrote (426653)7/30/2014 9:48:20 AM
From: Rarebird  Read Replies (1) | Respond to of 436258
 
I'd watch the 81.50 level on the USD. A close above that level would signify the trading range has been broken to the upside. Off to work. But I do think you are being a bit over dramatic. I'd take the average of the growth rate for Quarter 1 and Quarter 2 as representing the true growth rate of the US economy. Inflation rate was 2.3% for the quarter and should accelerate in coming quarters. Given Fed Funds and Discount rate, that is still bullish for Gold. Miners will be considerably higher by end of September and by end of Year. Classic August bottom coming.