Thursday, September 15, 2011

Gold breaking down....

Gold is breaking thru major support levels today.  It has been weak over the last several sessions, but had been holding up.  Today it is breaking down.

Take a look at GLD, the Gold ETF.  It had been holding up at the 175 level.  Today it is down 3.96 to 173.24.  A break below 165 might start the end of the gold mania.:


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