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Friday, June 10, 2005 3:57:39 PM
*HGX - red today, looks to be losing steam, there's also a gap down below from when it took off in this latest wave... and volume never confirmed the recent record high, should the HGX decide to move to a new record, volume MUST confirm, otherwise it's just a trap...
Next week very pivotal to see if the bubble can keep itself alive... eventually rising interest rates, stagnant worker wages, growing consumer debt, and waning consumer confidence will take their toll on the expectations of continuously rising housing prices...
The question only becomes when?
Next week very pivotal to see if the bubble can keep itself alive... eventually rising interest rates, stagnant worker wages, growing consumer debt, and waning consumer confidence will take their toll on the expectations of continuously rising housing prices...
The question only becomes when?
HI-HO SILVER !!!
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