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We see that the other asset classes (Commodities, Stocks, Gov Bonds) have run into significant resistance.? The CCI index (and I prefer to use this instead of the CRB) has major resistance at 500, which is about 20% below the all time high. The S&P 500 has heavy resistance at 1250 to 1400, a zone that lies below the all-time high. Meanwhile, Treasuries are encountering heavy resistance. Even if US T-Bonds break to the upside, its hard to see them continuing that much higher.?
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