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Thursday, December 15, 2011 3:11:14 PM
Oil Hits Resistance while Gold Breaks Down. Possible indicators that the market may be headed lower despite the latest job numbers.
In a Bear Market and a Corresponding Recession Not One Sector of the Market is Spared. Even Gold Normally Seen as a Safe Harbor Sells Off.
You can see here that Gold is selling off Below both its 50 and 200 day sma's. This something not seen since the 2008/2009 economic downturn:
JMHO, RtS
In a Bear Market and a Corresponding Recession Not One Sector of the Market is Spared. Even Gold Normally Seen as a Safe Harbor Sells Off.
You can see here that Gold is selling off Below both its 50 and 200 day sma's. This something not seen since the 2008/2009 economic downturn:
JMHO, RtS
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