Thursday, January 27, 2011

Market correction imminent, Gold/Copper correlation and corrections due (update 3) - sell signal on Gold

As discussed in Market correction imminent, Gold/Copper correlation and corrections due (update 2) if gold was to break the low of 1361 it was destine to enter a sell signal thus correction.

This has nothing to do with global economy improving or risk approving meaning shares are attractive, instead what we are entering into is a commodity correction most probably stemming from China i.e fears of hard landing.

Watch all risk crosses for unwinds, continued stock pressures emerging markets.

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