The Fred Report - Weekly January 30, 2012
The US stock market appears to be more vulnerable to a short-term correction than at any time since Thanksgiving 2011, so traders should be cautious here. This is likely an appropriate time to add international bonds to portfolios that are willing to speculate a little in exchange for higher yields. Should GLD (SPDR Gold Trust) close above 160 on January 31st, our objective of 210 remains intact.
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