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.

Pay Attention !

"The adage "A picture is worth a thousand words" refers to the idea that a complex idea can be conveyed with just a single still image.

 It also aptly characterizes one of the main goals of visualization, namely making it possible to absorb large amounts of data quickly."