With uncle Ben not explicitly stating that another round of QE (of any form be it TWIST or Sterilized purchases) is not on the table, the current pressure on Gold continues to be downward. With a down close today for Gold, the metal would produce a "Death Cross" where the 50day MA moves below the 200day MA. See link...... http://stockcharts.com/h-sc/ui?s=GLD.....
I have been bearish on Gold for quite sometime and continue to be for the foreseeable future.
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