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Central Missouri | Maybe the trendline off of the 2005 and 2008 low holds? I suppose you derived the timing off of the Dow chart? Armstrong has April as the cycle low and he has hit the July and Nov cycles very close. It is very possible that if we have a stockmarket fall that the dollar will rally along with treasury paper. The grains would find it ill also. The basis for PM's though is that they do well with neg real interest rates. no chance of short rates rising over 1% any time soon imo. (unless Volker becomes treasury sec or fed chair then who knows). If PM's drop into a spring/summer cycle low it will be like manna in the desert. A good flushing would build a launching pad imo at this time. | |
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10 Year Gold Chart
