Archive for October 21st, 2010

Gold Correction Proceeds as Anticipated

Gold Correction Proceeds as Anticipated

| October 21, 2010

Gold closed sharply lower today, approaching support at the lower boundary of the power uptrend from late July. We expected a relatively sharp decline to follow the unsustainable rise of the previous 12 weeks, and the correction has developed as anticipated, breaking below support of the upper power uptrend and moving quickly down to the [...]

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Philly Fed Index Continues to Hold Near the Flatline

Philly Fed Index Continues to Hold Near the Flatline

| October 21, 2010

The Philadelphia Federal Reserve reported its Business Outlook Survey for October, and the diffusion index of current activity moved slightly higher to 1.0 from -0.7 in September, although forward-looking measures continue to signal weak demand. Results from the Business Outlook Survey suggest that regional manufacturing activity was steady in October. Although the broad survey measures [...]

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Short-term Forecast for October 21, 2010

Short-term Forecast for October 21, 2010

| October 21, 2010

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