-
Gold Breaks 200-day Moving Average
The precious metals continue to trade not so precious. Gold broke its 200-day moving average today. The yellow metal seems to be suffering the same fate as Apple going into year-end. Some investors are too long and the perception of fundamentals and thus the premise of holding gold is in question. Gold is not behaving the way it should. That is, rising as central banks expand, or threaten to expand, their balance sheets. We’ve lost a lot of money this year trying that trade. Last week we posted a piece last week by Mark Dow about how the dynamics in gold’s price action have been changing. He’s updated his ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Dec 20, 2012 2:34pm Dec 20, 2012 2:34pm
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #2
- Quote
- Dec 20, 2012 3:19pm Dec 20, 2012 3:19pm
- michaelpelly
- Joined Oct 2012 | Status: Member | 1992 Comments
- Comment #3
- Quote
- Dec 20, 2012 3:57pm Dec 20, 2012 3:57pm
- Trout
- | Commercial Member | Joined Oct 2007 | 688 Comments
- Comment #4
- Quote
- Dec 20, 2012 5:48pm Dec 20, 2012 5:48pm
- IberoForex
- | Joined Jul 2012 | Status: Member | 479 Comments
- Comment #5
- Quote
- Dec 21, 2012 9:22am Dec 21, 2012 9:22am
- WideEyed
- | Joined Nov 2012 | Status: Member | 9 Comments