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Volume IS Something to watch as a year indicator

Something like 70% of all volume on the New York Stock Exchange comes from institutional investors, like mutual funds, hedge funds, and pensions.

So when volume increases, it means these institutional investors are buying. When volume falls, it means they aren't trading as much.

Investors and analysts put together complicated earnings projections and economic forecasts. But these always reflect that analysts' Gold investors' pre-conceived notions about how the Economy IS doing now, and Will do in the Future.
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