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The US banking index jumped 55 percent in the last six trading sessions, but could jump another 100 percent after a short period of consolidation, Chris Locke, technical analyst from Oytsertrade.com, told CNBC Wednesday.
"We can easily see some further upside momentum once any consolidation is out of the way," Locke said.
In addition, food and oil will start to follow gold up in the commodities sector in the spring that could last through the summer or even the end of the year, he said.
Gold is now in the second part of a correction that could be exacerbated if it drops below $900 per ounce, but it will set new bull-market highs "very quickly" and remain firm through 2009, he added.
- Watch the full interview with Chris Locke above.
For the Investor:
- Vote and suggest your own, and remember--there's a fine line between a hero and a zero.
- If you are lucky enough to have money and the time, this is a great time to see America, says CNBC's Jane Wells.
- What’s powering your microwave, fridge and computer? Part of it is fuel from Russian nuclear weapons. The NYT reports.
- One author sees lessons for you in Disney’s recent Makeover of Mickey Mouse: “Nice” doesn’t always win.
- With 123 years of history, slogans and commercials, Coca-Cola is the most recognized brand on earth.
- The opening of a virtual pet store in “World of Warcraft” could prove a cash bonanza for Activision-Blizzard.










