from King World News
We are approaching panic in the gold and silver markets, but look at this…
Gold
November 24 (King World News) – Top Citi analyst Tom Fitzpatrick: Gold closed decisively below a significant support range at $1849-$1850 which consists of a base of a triangle and horizontal support from the low on November 9th. There is another pivotal support range at $1791-$1803, which looks in danger of being tested, comprising of horizontal levels off of November 2011, February 2012 and October 2012 highs and 200 day MA.
US Dollar Negative
Peter Boockvar: After a Fed career of encouraging government, businesses, and households to borrow, borrow, borrow via easy money/QE, Janet Yellen now gets to eat her own cooking. I see this as nothing but US dollar negative…