Richard Suttmeier says : "...Gold is above its 50-day and 200-day simple moving averages at $1668.0 and $1653.7 and converging. If gold
tops out and the 50-day falls below the 200-day it would be a “death cross”.
read Richard's entire morning report at Value Engine here .
SUTTMEIER ON YAHOO: "We did have a bubble in gold, the bubble popped and we're now trying to reflate," says Richard Suttmeir of valuengine.com in the attached clip. He says that the recent upward trend isn't as much a return to gold's past glories but rather a bounce to be sold. For Suttmeier the end of gold's rally is neigh.
If you're invested in GOLD, I recommend that you listen to Richard Suttmeier every morning, noon and night