Gold ETF GLD breaks down through its 200-day moving average for the first time in 3 years

                                                     click on the chart to enlarge it

Is GLD's break through its 200-day moving average a sign that central banks may be too slow to print money (QE)?

monthly view

All Eyes On The Euro.

Question ? Do we get a Santa Rally or does the Grinch step in !

Like usual, I'll take my clues from the price action and the chart patterns that develop as we go and virtually ignore most everything else.