Archive for June 22nd, 2011

Gold Currency Index Closes at New All-time High

| June 22, 2011

The Gold Currency Index (GCI) closed slightly higher today, moving up to a marginal new all-time high for the secular bull market from 2001. Technical indicators are moderately bullish overall on the daily chart, supporting a continuation of the long-term uptrend. A close well above current levels would constitute a long-term breakout and forecast additional […]

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Short-term Forecast for June 22, 2011

| June 22, 2011

S&P 500 Index Daily Chart Analyses The following technical and cycle analyses provide short-term forecasts for the S&P 500 index. For intermediate-term outlooks see the latest weekly review, and for long-term outlooks see the latest big picture update. Technical Analysis The S&P 500 index closed moderately lower today, retreating from short-term highs near congestion resistance […]

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