Saturday, December 17, 2011

Gold Loses 200 Day Moving Average


 For the first time since early 2009, Gold is trading below the 200 day moving average.

 A shakedown?

 Probably.

 Guess who owns 99% of all the gold?

 If you said, "The one percent," you have pretty much figured out everything you will ever need to know about gold.

 PS: The one percent really don't care if gold trades at $3,000 an ounce or $1,000.
 

Always perform your own due diligence. These are only my opinions.