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According to Steve Liesmen, investors face a bit of a dilemma in attempting to figure out the health of the economy. Do they believe the falling GDP numbers or the jobs numbers which are relatively steady in light of the GDP problems? The real problem is how to do you glean meaningful information from statistics
Something significant may have just occurred in the physical gold world. According to Zerohedge, the one month Gold Forward Offered Rate (GOFO) rate just went negative for the first time since 2008, and perhaps even more significantly, so did the three month rate. The last time both went negative was in 1999. In both cases
Richard Russell, famed for his Dow Theory Letters and his interpretation of the Dow Theory, recently declared stocks to be in bear market. In his July 5 Remarks, he discussed the bond market, saying that the bond market is to the stock market like King Kong would be to a five-year old girl. He then
