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Gold's Divergence Between the Paper and Physical Markets

With Oil coming down,its not hard to believe that gold is too.The correlation between oil and gold is unprecedented in our world.With Oil heading south, investors know that the overall market should recover.Plus there is more money on the sidelines than ever before in history,adding another unprecedented allure.

The % of Nasdaq stocks rising above their 200dms's just had a breakout friday.I expect that trend to continue in the short term.

Problem is, that Oil futures contracts are about to approach the most powerfulFibonacci support levelat 95.36,the 61.8% line.The bounce from that level has the potential to crush overall market bulls once again. There is also a shorter term Fibonacci line at 109.35.

Here is a link of many of my personally annotated charts of $GOLD,$NAA200R,$WTIC,a... many many others.

investorshub.advfn.com...