Tuesday, April 2, 2013

Gold Trades Down to $1579.60, Société Générale Calls It The End of the Gold Era

And we are unwavering in our call for $1525 before we see any meaningful support.
(that bounce back to $1616 on Mar. 21 was a bit scary though)
From FinViz:


And from FT Alphaville:
 Societe Generale’s big (bearish) scorecard on “the end of the gold era” – click to enlarge...

See also last Thursday's "Gold Has Yet To Break the Series of Lower Highs Dating to Last October".