Friday, September 19, 2014 4:43:27 PM
Sub 22.50 next week likely. Perhaps fill the gap at 22.27.
BTW, there is another gap at 21.27. Doubt it fills next week but give it time.
The $GOLD chart is just catching down to other commodities, many of which are in crushing bear markets. Just pull up most any agricultural chart and you will see. Try $CORN or $WHEAT, both down about a third in the last several months. In energy, try $NATGAS which is down 40% from the high in February. Or for global trade, try $BDI. That last one is down over 50% YTD and headed a whole lot lower.
This is what global deflation looks like.
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