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SPDR Gold Shares Message Board

  • droxytolyn22 droxytolyn22 Mar 4, 2013 1:54 AM Flag

    Gold Death Cross Signals Price Slump as Soros Sells

    “The trend and the mood has turned negative,” Shaffer, the president of Medford, Oregon-based Infinity, said in a telephone interview. “Selling may gather momentum if prices fall below the cross.”
    The death cross forms as a short-term moving average falls below a long-term measure. On Feb. 15, the 50-day average was $1,672, and the 200-day measure was $1,665. The first bearish target is $1,550, and the next is $1,538, Shaffer said. He didn’t give a time frame for the slump.

    Sentiment: Strong Sell

121.29+0.59(+0.49%)Apr 28 4:00 PMEDT