Special Report: Gold's Mountainous Peak at Risk...Beneath $1600
GOLD'S AVALANCHE SIGNAL
Gold's mountainous peak remains at risk of an avalanche decline having triggered a confluence of overbought signals amidst the all-important psychological $2000 glass-ceiling. Moreover, the CME's 55% hike in margin requirements is likely to suffocate even the largest of gold-bugs and ultimately weaken any new long positions. This would explain Gold's current weakness, despite increased safe-haven flows after the Swiss National Bank's unprecedented intervention on the EURCHF rate and heightened worries on the EU debt crisis.