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Friday, April 07, 2006

Intermediate-term Outlook for the US Stock Market by Steve Saville

The US stock market appears, on the surface, to have been quite firm over the past several months, but in real terms (that is, relative to gold) the market has been very weak. In fact, the following chart shows that the S&P500/gold ratio broke downward from a lengthy sideways consolidation during the final quarter of last year and is presently testing its February-2003 bottom.

posted by SARTRE @ 4/07/2006 10:03:00 AM  

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