WHY GOLD AND SILVER ARE GOING DOWN $GLD $SLV $GDX $NEM $ABX $GDXJ $SLW
The set-up for gold and silver to be slaughtered was perfect yesterday. There have been considerable outflows from popular ETFs like SPDR Gold Shares (GLD), iShares Silver Trust (SLV), Market Vectors Gold Miners (GDX), and Market Vectors Junior Gold Miners GDXJ.
The selling today was quite different from the typical patterns over the last two years. A vast majority of the time over the last two years, aggressive selling did not original from Asia or Europe but from North America. Today has been very different in that the selling originated early on in Europe. This selling may have something to do with Cyprus’ decision to sell its gold reserves. … Please click here or the title below to read more.