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Re: Techamental Logic post# 3666

Wednesday, 05/07/2014 4:21:44 PM

Wednesday, May 07, 2014 4:21:44 PM

Post# of 63744
BAA's MFI did turn north today bouncing off about .31. Unless the RSI can do the same with good accumulation it won't mean much but when they happen together it can point to a breakout.

I've got a feeling gold will be back over $1,300 sooner than later. All those people dropping out of the workforce may have helped the unemployment rate but they do absolutely nothing for the GDP. With Fed saying most of those people are dropping out permanently I don't see the GDP roaring back to 3% growth anytime soon.

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