Friday, December 12, 2014 10:25:14 AM
Lead first to protect the gold hoard ;)
Gold is not a hedge against inflation or deflation, it's a hedge against wreckless central banks and the Fed, I'm sure QE4 is coming, this will all not end good, but probably still years away.
I still like gold 1270 short term on the technicals, getting a little channel trend back filling today, nothing wrong with that.
Did you know CME pushed out a new rule last night, circuit breakers for PM's. Guess we should expect ever increased volatility.
http://www.cmegroup.com/tools-information/lookups/advisories/ser/files/SER-7258.pdf
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