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| January 31, 2008 |
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FusionIQ Commodity Group Still Showing Strength |
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As seen in the chart
below the FusionIQ subgroup, Commodities, which includes a variety of ETF's,
such as the GLD (streetTRACKS Gold Trust), the
DBA (The Powershares Agricultural Tracking Stock) and the
SLV (the iShares Silver Trust) to name a few has moved
to new highs. There are very few leadership groups in this tape and strength
given the recent across the board carnage strong groups have to be recognized,
particularly when there is good representation within the groups a/d line as it
pushes to new highs. Additionally with the backdrop of aggressive fed easing
commodities should do well in a re-inflation scenario.
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