With everything moving lock step against the prevailing US$ trend some of the selling we've seen in the mid cap commodity stocks over the last 2 days may simple have presaged the discount rate rise and its subsequent effect on stocks, gold and commods. SPX closed right on the fib too.
But then again GS wouldn't have been forewarned either, would they? lol
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With everything moving lock step against the prevailing US$...
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Mark Waller, MD
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