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| Tables & Charts for Thursday, Apr 28th, 2011 Posted: 28 Apr 2011 09:03 PM PDT |
| Bill Cara's Blog for Apr 28, 2011 [See Post-Close report] Posted: 28 Apr 2011 04:00 AM PDT CTA Trading Desk Morning Report With all systems apparently a go for the Fed yesterday, traders decided to put the pedal to the metal. Meanwhile, capital risk is rising. We are now caught between a rock (elevated gold, silver, oil prices) and a hard place (over-sold US Dollar). Analyst Colin Twiggs (incrediblecharts.com) is now targeting 71 for the USD, and 1.50 for the Euro, which, if it happens, would likely boost West Texas Crude Oil to 116, Gold to 1550 and Silver to a return to a 50 resistance level that would be a blow-off warning point. This posting includes an audio/video/photo media file: Download Now |
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