12pm update - new multi-year low for Gold

Whilst US equities continue to slowly build moderate gains, there is notable weakness in Gold.. breaking a new multi-year low of $1066. This is naturally impacting the miners, with the ETF of GDX -4.2%. With the USD set to break above DXY 100.. and onward to the 120s... that won't help the gold bugs either, lol.


GLD, daily

GDX, daily

Summary

*You have to understand, despite being a major supporter of Gold/Silver as a physical asset to guard against the maniacs at PRINT HQ... for now.. there is no turn... and lower prices are well... happening.

Again, implications for the related mining stocks should be clear.
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Little to add... except to laugh in the faces of those nasty witch hunting sons of bitches across the various Gold sites who forever tout Gold will be 5K by year end, and anyone who says no.. 'we'll drive offline'.

There is plenty more pain coming for that mindless collective.

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VIX update from Mr T. 



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time for tea