The Hunt for the Next 10 Bagger

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Gold slips toward a third weekly loss
LOS ANGELES (MarketWatch) — Gold’s wrenching spiral continued on Friday, with prices heading for a third weekly loss in a row and touching on eight-month lows.
At last check, gold for December delivery GCZ4, -0.36% was down another $3.90, or 0.3%, to $1,222.80 an ounce. September silver SIU4, -1.09% fell 3 cents to $18.49 an ounce.
On Thursday, gold settled at its lowest closing price since the end of December, dunked by another move higher in the dollar in the wake of the Federal Reserve meeting on Wednesday.

David Govett of Marex Spectron said the only real bright spot for gold at this point is the fact that the market is very short and will at some point put together a short-covering rally.
“On the whole though,” he warned, “if the dollar stays strong and the data from the U.S. continues to be positive, the metals are in for a tough time.” http://www.marketwatch.com/story/gold-slips-toward-a-third-weekly-loss-2014-09-19?dist=beforebell