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Categories:General Market Commentary
Gold / Gold Stocks
6/24/11 NEW CHART. The Bullish Percents (BP's) are flashing oversold signals but have not yet made the turn, so holding cash is still the prefered option. Agressive traders who have been short may want to take some profits off the table. As Q2 window dressing winds down next week I expect hedge, pension, and mutual funds to take profits and reverse positions heading into the start of Q3.
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