The Bloody World Cup Runneth Over

Just as it seemed the way was cleared for stocks and blocked for gold with the overcoming of several obstacles that obstructed the first half of the year’s performance, the World Cup hath begun. Unfortunately, I’m not speaking about the futbol event that is currently dominating the attention of the world over. Rather, I’m speaking of the world cup that runneth over with blood. Geopolitical chaos has resurfaced where most thought it had settled, and it has sprung up anew in places long thought won by civilization. And so, while I believe stocks may still have an upward path short-term depending on what unfolds, my view on gold diverges. The SPDR Gold Trust (NYSE: GLD) has strong support now to hold current ground, and is poised to take more, because of the uncertainties and developments with Russia and in Iraq. For all the gory details see The World Cup Runneth Over with Blood – So Make Your Cup Golden.