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Gold Slammed Back Below Key Technical Support

Since 'everything is awesome' once again, it appears holding 'pet rocks' is no longer of any use... Gold futures have been hammered below their 50-day moving-average this morning as the USD rises...

Gold down on heavy volume...

 

Silver is not escaping the damage either - having broken support yesterday...

 

Which is interesting since stocks are also being sold...

 

 

Charts: Bloomberg