***$GOLD has encountered resistance at the 50 day SMA, I have a feeling that it will decline from here stronger than 90%+ of the market thinks, it may not last long, but a test of this incredible bull run in the face of Internationally-tied central banks and a global economy based on the evergrowing of outstanding debt will be tested here & soon... I think the move in the HUI today has told us that $GOLD at least pulls back from here, but I believe the HUI will break the 50 day SMA to the downside...
This may coincide with 2 other major market events...
A) A breakout and rise out of record or near record lows in the volatility indexes
and...
B) A resumption of the secular bear market that began in 2000...
When the move is all set & done, you better own $GOLD, $ILVER or some kind of "real money" for the future!