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Friday 22 June 2018

Gold Joins The Global "Death Cross" Procession

Zero Hedge

While US mega-tech stocks support the belief that all is well for many Americans, a glance around the world and the shit is seriously hitting the fan...

Downtrends are everywhere and 'death crosses' are popping up in asset classes from Chinese stocks to global Systemically-Important Banks and most recently gold...

The crossing of the 50-day moving average below the 200-day moving average has been long used a signal of trend change and more euphemistically is known as the "death cross."

Gold is now suffering...

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