GOLD IS HEADING LOWER
MAJOR TECHNICAL BREAKDOWN
GOLD to $800 and LESS LIKELY
INVESTORS EXITING METALS and MINING STOCKS, ETFs
MAJOR SHORT PLAYS are the rule now for GOLD and SILVER as prices are now expected to go much lower. There just is no need for GOLD and SILVER anymore. They have absolutely no value whatsoever and the price is going to just keep on dropping.
INVESTORS ARE INCREASINGLY LOSING CONFIDENCE IN THE MARKETS and various market anomalies are now the rule with market manipulation and HFT algorithms taking over trading environments. There also is no demand for physical precious metals as demand fell in May to low levels and is also expected to continue dropping. Some say GOLD and SILVER will rapidly fall out of favor now just as BASEBALL CARDS did in the past as investors and collectors all flee the no longer precious metals:
http://www.mineweb.com/news/gold/sales-of-us-silvergold-coins-drop-in-may/
Here's an analyst that explains his short position in GLD:
http://www.cnbc.com/id/102718794
THE U.S. DOLLAR is also FALLING
EVERYBODY IS SHORTING THE METALS NOW :-)
...developing...
