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Friday, August 13, 2010
Dow-Gold Ratio
The DGR did however, show its hand when the upward recovery AKA bear flag AKA post-crash rebound known here as Hope '09 failed and broke down out of the channel. As with many other markets, the Dow is currently rising in relation to gold to test the breakdown. If DGR breaks up into the channel and breaks the resistive moving average, NFTRH will be forced to reconsider its stance. As yet however, no resolution and the current stance remains favored.
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