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Be Mindful Of Profit Taking

by on July 2, 2012

Equity markets are holding above key technical support levels while developments in Europe and mixed data on the home front continue to pave the way for back-and-forth trading; the S&P 500 Index is once again flirting with resistance near the 1,370 level after bouncing off 1,310 last week. U.S. Treasuries and gold continue to trade sideways although both assets classes appear poised for further upside as they have bounced off near-term support levels [see also The Definitive Guide To The American Eagle Coin].

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