Last month when gold became a hot money favorite, I started turning near-term bearish. My theory is also based on the idea that the banks and the Fed likely want gold prices here or lower — they certainly don’t want gold prices heading …
Gold settled at $1,578 an ounce Wednesday. The looming death cross gave StockTwits traders plenty to talk about. $GLD It is not necessarily time to panic in either direction. It is time to think and be prepared to act at the margins methinks. …
Investors in gold exchange-traded funds have been rushing to the exits as gold prices plunge. More than $1 billion flowed out of the SPDR Gold Trust (GLD) Friday, according to IndexUniverse, marking the third-largest outflow on record since …