Gold's Demise

05/07/13 10:14AM EDT

Gold (GLD) continues to move into full blown crash mode after testing our TRADE line of resistance at $1490/oz and failing miserably. It's back at $1445/oz now, down over -1.5% on the day. A strong US dollar and growth and consumption moving full speed ahead do not bode well for the precious metal that everyone is now reconsidering.

Gold's Demise - YTDGOLD

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