Video: Gold Breakdown & New Secular Bear in S&P 500?
It was an eventful week. Gold’s technical breakdown was confirmed on Friday and this could be the start of capitulation selling that could take Gold below $1600. Silver was unable to reach $21-$22 and so we cannot rule out a future test of $15.
At the same time, the S&P 500 is threatening to break below its 40-month moving average. This would be a strong indication of a new secular bear market. That is so important because that leads to a new secular bull market in Gold and precious metals.
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