Monday, December 15, 2014
gold breaks down suddenly
Gold started diving on its own, not in association with a broader market vom, so with a break thru the SMA(50) and Bollinger mean this uptrend is acting very done. I'm out.
This chart has a lot of error associated with it, but the fact remains GLD:UDN has dropped below its 4.76 or so pivot line, below its EMA and below the Bollinger mean, so it's acting like it's done.
Dunno why, maybe it's to do with $VIX futures closing this afternoon.