A couple of weeks ago I joked to a friend after the Dow Jones had managed to reverse early losses & a possible breakdown, to close up 181 points "Here comes the reflation!" Little did I know that a fortnight later we would be 11% higher in Dow & S&P, 15% in the Dax, 11% in crude oil, 12% silver, 16% copper and 37% in Xstrata shares ! Gold is the laggard, only up a paltry 5%! Having said that Gold has built higher value and moved its longest line up so now this rally has a target of $988 moved up from $964, as long as $945/946 support holds. Stops kept at $943. happy trading.....
PS anyone know what happened on July 13th to change the world?
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