Once again, gold prices fail to break above the 50 day MA and continue to trade between $1550 an ounce and $1625 an ounce. Once prices push above the key resistance (R), the upward trend will resume.
I have three articles that suggest we are already IN a DEPRESSION. Check out what Bill Holter, CNBC.com and Graham Summers have to say about this. Then ask yourself, “How much longer can Bernanke hold off with another round of QE?”