Gold - The Critical Pivot Point this Week

Gold investors have witnessed an important destruction of capital over recent weeks. Gold now hovers around key support, but remains at risk given the persistence of underlying drivers and a new panic. It is highly concerning to me, and reminiscent of times when beta goes to 1.0 and investors go to cash or treasuries. I’m talking about financial security market selloffs that tend to take everything down. Gold would draw capital in such a scenario, but not before being sold off indiscriminately along with everything else for various reasons. This week presents some key potential catalysts that you’ll want to watch for. The environment is offering warning signals today, though the situation could also be defused depending on the data. See the full article on gold here. Report interests SPDR Gold Trust (NYSE: GLD), SPDR S&P 500 (NYSE: SPY), iShares 20+ Year Treasury Bond ETF (NYSE: TLT), iShares Silver Trust (NYSE: SLV), iShares Gold Trust (NYSE: IAU), Market Vectors Gold Miners (NYSE: GDX), Direxion Daily Gold Bull 3X (NYSE: NUGT), Direxion Daily Gold Bear 3X (NYSE: DUST). 

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