3/28/12

Business cycle and technical patterns

I find very revealing the fact that commodities are sinking, Including gold.

Commodities bottomed in December. Rose until the end of February-early March. They peaked in March and now they are declining.

The weakness in gold could very well be a hint that inflation will continue heading down and that the economy is weakening again.

Income stocks should be doing well in this environment. Time will tell.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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