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Thursday, January 3, 2013

Spot Gold Continues Collapse As Asian Markets Open

For the futures $1637-1640 is a crucial line to hold, see bottom chart.
A quick hit from Kitco:

Live 24 hours gold chart [Kitco Inc.]

Earlier:
Spot Gold Down $21.80 as HSBC, Credit Suisse Lower Forecasts (GLD)
Repost--"The Price of Gold in the Year 2160" (GLD)

Previously:
Gold Shows Signs of Outright Collapse
With Gold at the Bottom of the 11-Year-$1500-Gain Trendline-Channel Is it Time to Look at Triple Levered Inverse ETN's? (DGLD; UGLD)
NO.
Foreign Exchange: EUR/USD Approaching Major Resistance
The thing that stands out is the lack of upward movement in gold despite the buck's weakness vs. the euro.... 
Barrick Gold's Chairman Selling Toronto Home ($25 Mil.) ABX
In A Horrible Trick On Gold Owners, Au FALLS After Fed Statement

And from FinViz:
 

Posted by climateer at 5:23 PM
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