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Cara Community

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Bill Cara's Week in Review #3, 2011 Posted: 16 Jan 2011 04:43 PM PST [8:00pm ET Sunday] I'm not changing my tune -- yet. A week ago, I made a bold statement right before prices took a dive: I am on the record with my belief that during 1Q2011 the S&P 500 could lift to maybe 1290 and Gold to $1,500/oz. So call me bullish for the 1st Quarter. Regarding the price of gold, I did warn somewhat when I also stated: As for the next week or two my short-term outlook might change. But, for me, I refuse to trade on the Apocalypse Now thesis. Nor do I get consumed by all the talk that the market is over-bought and far too bullish for its own sake. read more

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