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| Tables & Charts for Friday, Jan 27th, 2012 Posted: 27 Jan 2012 09:03 PM PST |
| Bill Cara's Blog for Jan 27, 2012 Posted: 27 Jan 2012 04:00 AM PST CTA Trading Desk Morning Report European banks are weak this morning, so I'm not looking to chase stocks higher here. The question of the day seems to be whether or not Gold (GLD) can hang on its recent gains. My answer is (i) the Fed policy of keeping interest rates so low that in relation to inflation they will be negative, until 2015 maybe, is good reason to buy Gold, and (ii) as long as the Indian Rupee (INR) is lifting, then capital is flowing into India and the upper class there have more resources to buy Gold. |
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