The Fred Report - Weekly June 11, 2012
Should the market rally here, it would be a sign that the bull is intact and things are somewhat better than sentiment would indicate. Bonds have held support but TLT could close below 125 on Monday. If this occurs, this market should trade back to the 120 area. We maintain our target of 184 for GLD in 9 months. The dollar has been pulling back and could test 81 in the next week.
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