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State of the Market – 17 August 2014

17 August 2014

lt17aug14

Long term prices remain very high.

mt17aug14

In the medium term, prices are slightly oversold and bouncing.

st_17aug2014
In the short term prices are slightly overbought.

I think the market has either bottomed or will be bottoming in August for a rise through mid September.  The Monetary Base continues to expand at a 20% annual rate.  This adds fuel to all asset prices.

 

 

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