The $Indu came near to taking out its November lows. If or when that happens look for another down leg in this bear market. Gold and gold shares remain strong. Follow the fed reports on the velocity of money for a marker of when we turn from deflation to inflation. Tim Knight predicts S&P to drop to 650 in a "soon" timeframe. 79% probability of a down S&P tomorrow predicted by Palasades research. Carl Futia predicts gold to 1100.
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