This consolidation could end this week, with some upside acceleration that could serve as a spur to get some of the money still on the sidelines into stocks. GLD continues to have support at the 160 area, and a close above 164.50 would be a positive and suggest a move to our forecast 179 is underway. Part of our forecast that EEM will do well this year is based on analysis of Asian markets in general and China in particular.
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