Gold legs down below $1,700/oz. for the first time since early August. A technician might look at a chart and say there is no support for the metal until $1,500. It was from this level on July 1 that gold took off in a straight line to $1,900 over the next 6 weeks.
The Gold ETF (GLD) is opening down 5.05 to 164
That is a huge breakdown on the charts.
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