Gold Gets Destroyed

Chart in Focus: Daily Spot Gold The Spot Gold market sold-off in an aggressive manner today as the downtrend continued and price easily broke through support near $1,320.00. The market has been weakening for some time recently and we’ve been discussing the possibility for a large sell-off like this in our members’ community and in recent commentaries following the fakey signal that formed back on June 7th. From here, traders can watch for price action sell signals from resistance to rejoin the

  • Gold Gets Smashed, NZDUSD Downtrend Continues, 20th June 2013 The spot Gold market fell dramatically lower today and broke right through that $1,335.00 – $1,320.00 support area that we discussed in Tuesday’s commentary. In our members’ commentary and trading forum recently, we’ve been discussing the possibility for a large sell-off to take place in the Gold market given the double bearish pin bars that…

  • “Criminal” Paper Derivative Selling Used To Crush Gold Market !(socioecohistory.wordpress.com) ”Criminal” Paper Derivative Selling Used To Crush Gold Market ! Don’t you see the Illuminist pyramid and Satanic capstone on your dollar bill? by www.kingworldnews.com Today a legend in the business told King World News that we are in the final stages of a war to push gold and silver prices lower and it is being facilitated through the “criminal”…

  • Taking the blinkers off the gold analysts Since the middle of April we have all heard the gold bear cry of ‘it’s over, gold is done with…the bubble has burst.’ But not many of these so-called expert commentators have really looked into the strength of demand in the East. Jeff Nichols wrote in a note to investors recently that he believed gold bears ‘have a fairly provincial view and…

  • Gold’s 6% Fall Leads To Surge In Chinese & Asian Physical Demand Again(goldcore.com) Today’s AM fix was USD 1,290.25, EUR 976.28 and GBP 833.33 per ounce. Yesterday’s AM fix was USD 1,303.25, EUR 986.34 and GBP 842.38 per ounce. Gold plummeted $72.50 or 5.37% yesterday and closed at $1,278.50/oz. Silver dipped to $19.59 and finished down 8.01%. Gold and silver have rallied from their lowest levels since September 2010 due to…

  • Investing in Precious Metals I’ve always dreamed about wealth enough to invest in precious metals and with my income goals being accomplished, I’m beginning to turn my attention to investing in gold and silver. I’ve researching at the moment, and this is what I’ve found so far: You can invest in precious metals in a variety of ways ranging from safe and conservative to…

  • Watch Out When Real Gold Backwardation Occurs(etfdailynews.com) Gold Silver Worlds: There is a lot of talk about gold being in backwardation lately. The “narrative” implies that it is bullish for gold as investors and traders are in need of the metal right here right now; they cannot wait until a later point in time so the gold price should adjust sooner rather than later.

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