Breaking Gold

GCEURO-D 6-5-2015

Gold broke to new recent lows in euros, with critical support forming at the 1010 level as deflation continues to crush the economy. The largest ETF fund used to be gold, but now with over $900 million in liquidations in May, the fund fell out of the top 10. So far, so good. It appears we are preparing for the test of critical support outlined in the gold report issued last year.