We Have Just Witnessed a Very Rare Event in the Gold Market

from King World News

With continued uncertainty around the world, we have just witnessed a very rare event in the gold market.

From Jason Goepfert At SentimenTrader: Gold is now in a medium-term downtrend. At least, if one uses the 50-day average as a guide, which many do. For the first time in more than two months, gold closed below its 50-day, only the fourth time it went this long since its bear market began more than four years ago. Historically, losing its 50-day average after months above it has led to further losses in the shorter-term.

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