Suttmeier's Gold Warning at Top is Legendary

Followers of Equities Research may remember this February 2012 post highlighting Richard Suttmeier's Warning on Gold @ $1781.  Since the warning, the GCM5 futures have declined $583, closing the week @ $1198 (33% lower).

GCM5 chart since the February 24,2012 warning through this week's close. (www.bigcharts.com)

Friday, February 10, 2012

GOLD: Suttmeier's Morning Call is a Must Read

Suttmeier:  "We did have a bubble in gold, the bubble popped and we're now trying to reflate," says Richard Suttmeier 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." from Yahoo! interview with Jeff Macke
 

If you're invested in GOLD, I recommend that you listen to Richard Suttmeier every morning, noon and night

From February 24,2012 Suttmeier wrote: 

• "Gold reached a year to date high at $1789.5 closing in on my monthly risky level at $1816.4. If gold fails, the next decline below $1700 will
  likely cause a 50-day / 200-day SMA “death cross” as these moving averages are converged at $1669.5 and $1663.5"
  
  

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