Thursday, December 20, 2012

Gold Hits Bottom, Digs (GLD)

The ETF is down 1.79% at $158.79, the front futures are down 28.60 (1.71%) at $1,638.90.
This is a broken market and thye selling just keeps on coming.
Here's Kitco's spot market chart:

Live 24 hour Gold Chart

Dec. 18
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)

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

Here's Finviz: