Cusick’s Corner 11-28-2012
While the rhetoric from Capitol Hill and the concern over China is rising (China’s Shanghai Composite is at its lowest levels in almost 4 years), the market that is under the most pressure right now is Gold, GLD. As mentioned last week, we started to see weakness in the miners, GDX & GDXJ, which is one of those flags that might look for as a potential tell of a broader market benchmark. The shiny metal is broke today and now we’ll watch if there’s interest here at … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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