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S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.39
(
0.00%
)
Bitcoin
64,081.14
(
-0.26%
)
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techcharter

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techcharter

Re: None

Thursday, 06/23/2011 11:01:50 AM

Thursday, June 23, 2011 11:01:50 AM

Post# of 51804
Ending Diagonal in Gold

From the Early May 2011 bottom in gold, the price has traced out an ending diagonal that truncated at the same degree. Today the price moved sharply lower, confirming the orthodox top yesterday. Falling gold confirms the tops being in for silver and oil.

With commodities heading down, and lending drying up, the economy is going to experience some deflation very shortly.

http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=6&dy=0&id=p86399026742
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