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Special Report: Gold's Mountainous Peak at Risk...Beneath $1600

GOLD'S AVALANCHE SIGNAL

Gold's mountainous peak remains at risk of an avalanche decline having triggered a confluence of overbought signals amidst the all-important psychological $2000 glass-ceiling. Moreover, the CME's 55% hike in margin requirements is likely to suffocate even the largest of gold-bugs and ultimately weaken any new long positions. This would explain Gold's current weakness, despite increased safe-haven flows after the Swiss National Bank's unprecedented intervention on the EURCHF rate and heightened worries on the EU debt crisis.

Special Report: Gold's Mountainous Peak at Risk...Beneath $1600

 

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