Michael Lombardi's Article in Arts and Entertainment
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Gold’s Burning up on the Chart; My Gold Advice
The precious yellow metal is sizzling on the price charts, as traders shift capital from the higher-risk equities to the safe-haven sanctuary of gold.George gives you his take on the trend, along with his gold advice.
Posted on Aug-06-2011
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371
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S&P 500 Breaks Two Important Moving Averages, But Stocks Are Cheap & a Rally’s Near
It's surprising that the stock market reacted so strongly to news of weaker gross domestic product (GDP) growth and consumer spending numbers. It seemed fairly obvious that this was going to happen and the recent trading action in stocks suggests that institutional traders were just waiting for a catalyst to sell. They know that corporate earnings are decent, but with the S&P 500 Index right at the point of breaking its 50- and 200-day moving averages, the selling was pronounced. So, with the ma
Posted on Aug-06-2011
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