Gold Drops Below $1400

After retracing 61.8% of the gold crash, spot gold prices have fallen back and are now trading back under $1400 for the first time in four weeks. It would seem more time is perhaps needed to enable the gathering of physical gold to fufill Germany‘s demands… (and cue, the death of gold headlines) So, in summary, we have had a notable increase in tapering discussions – Treasury yields have surged, the USD has surged, Gold has dropped, and credit has widened – all reflecting lower liquidity flow expectations; but stocks just keep going…

 

Source: http://www.zerohedge.com/news/2013-05-15/gold-drops-below-1400

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