Saturday, August 19, 2006

Chart of Interest

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BOTTOM LINE: The CRB Index broke down through its 50-week moving average for the first time since its major move higher began in October 2001. Soaring commodity prices have been the main source of inflation fears. This is one of the reasons the 10-year T-note continues to rally. Gold and Copper have likely already made long-term tops. Oil will likely begin a significant move lower over the next 6 weeks.

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