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Speaking of Gold…
I wanted to take a look at GLD as it shows volume and therefore accumulation statistics. See how accumulation diverged (positively) in 2007? We are seeing the same during this massive consolidation. From July 08 to October 08 there was huge distribution but the smart money returned since the intraday low at $681. Check out what ino.com has to say about GLD. It’s free and there is no obligation.
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