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Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.

"... Oh, and my precious currency, Gold got sacked for a -1.8% loss, pairing its epic lead for 2016 back to +23.1% YTD. And now that looks like a great buying opportunity if you believe the Fed is both data and SP500 dependent."

CHART OF THE DAY | Since Fed Is S&P 500 Dependent, Here's A Buying Opportunity - 09.19.16 EL Chart