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Wednesday, April 12, 2017

Market update 4/12/2017

Dow ends down 5 points 

Seeing lot's of bearishness in the news, but not much selling. 

After yesterday's close, I accidentally caught the pied piper of CNBC (Jim Cramer) telling his people that the  gold is a hedge against "geopolitical turmoil", as he continues to pump gold miner Rand Gold, or was it Harmony Gold? This is much to do about nothing.

First let's look at Wed's market gainer Newmont, and the long term trend in purple,    

Rand Gold

#DOW continues to trade in a range. Same bullish consolidation in wave 4, we've been watching for weeks. Didn't I say, wave 4's are difficult to predict?   

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