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Gold Is Down But Not Out
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
gold-eagle.com / By Morris Hubbartt / April 13, 2013
TLT (T-Bond Proxy) Rally Update Chart
• The rally in the US Bond that I used for a quick trade to the upside, was completed last Friday. The release of weak employment data stunned most market participants. Mainstream economists had expected the report to show between 180,000 to 200,000 new jobs to have been created last month. That didn’t happen. The Labor Department reported that employment increased by just 88,000 jobs nationwide.
• Technically, TLT looks likely to rally a bit further. I think it could go as high as $126, due to the solid volume.
• From a longer term perspective, I would avoid the US bond market, due to “out of control” debt, and ridiculously low yields.
Thanks to BrotherJohnF
2013-04-13 10:01:54
Source: http://silveristhenew.com/2013/04/13/gold-is-down-but-not-out/
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