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.