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My short term price target in the gold etf (GLD) is $951. The Federal Reserve is going to be forced into the politically pandering the wind here, and cut rates on October 29th. Cutting rates de-values the US Dollar and re-flates hard assets like gold. The CRB index is up +3% for the week to date, and the S&P 500 down almost -5%. The intermediate term correlations between the US Dollar's "Trend" lines and that of US Equities continues to hold.
  • KM
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