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Friday, June 29, 2012
Finding Bernanke
As our European counterparts whistle past the graveyard and perhaps find some monetary religion – i.e. the 2002 Bernanke scrolls, the GDX completed a rather large retracement move down to its 61.8% fib. Interestingly enough, the SPX completed a very similar move in the fourth quarter of last year.
From the perspective of the gold bulls – it is a welcomed audible from the NDX analog I have been following over the past month. 
From the perspective of the gold bulls – it is a welcomed audible from the NDX analog I have been following over the past month.
