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Chris Vermeulen
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Follow My LIVE CHARTS: http://stockcharts.com/public/1992897 Get My Intraday Comments & Ideas Instantly: http://stocktwits.com/TheTechnicalTraders Chris Vermeulen is Founder of the popular trading analysis website http://www.TheGoldAndOilGuy.com. There he shares his highly successful,... More
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  • Why Gold Is Falling & A Gold Forecast You May Not Like 2 comments
    Mar 28, 2014 12:12 PM | about stocks: GLD, SLV, GDX, GDXJ, NUGT, DUST

    The bitter truth about what may happen to gold is not all that exciting and likely don't want to know, but you need to understand what is unfolding as we speak…

    Long story short, the prices of bonds look as though they are about to rally once again. Mounting fears of a stock market correction has money flowing into bonds which in turn will drive interest yields lower yet gain. But the BIG PICTURE of what he FED said the other week about how they plan to raise rates in 2015 and cut QE down to $55 billion per month hurts the long term outlook for gold.

    This news may not sound that important, it actually is and undermines the price of miners, silver and gold in a big way.

    Find out why gold is falling and the threat that could trigger a much larger meltdown in the long run with my gold forecast video. (GLD, GDX, GDXJ, SLV)

    Watch Gold Forecast Video: youtu.be/ApKx3LtC7-0

    Stocks: GLD, SLV, GDX, GDXJ, NUGT, DUST
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Comments (2)
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  • davidshelton
    , contributor
    Comments (362) | Send Message
     
    Gold has fallen since the announcement of QE3 on September 2012 and began the bottoming process in June 2013 on the announcement of tapering by Bernanke. Since tapering has begun Gold has essentially rallied. Coincidence?
    While the current sell off is unsettling, the opposite may be true to the authors article above. If Yellen cannot jawbone people to borrow today for fear of higher rates tomorrow then RIR's will stay negative and bond yields will stay depressed or reach new lows. All IMHO.
    28 Mar 2014, 02:17 PM Reply Like
  • almoni
    , contributor
    Comments (98) | Send Message
     
    Dear colleagues - why to be expressed so foggy? I often write about it. whether it is simpler to express the position accurately. well for example. to buy gold 1250 $ stop loss 1196 profit level 1520 $. but its dangerous- many dear writers here can lose a face at such statement. without clear 4cast they write and write from year to year. all are happy.
    specify price levels at the forecast - the fog must disappear
    29 Mar 2014, 07:55 AM Reply Like
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