Dear Member,
In yesterday’s webinar, I told you about the two paths gold could take at this time and I showed you this chart.
This morning, “Path A” has the upper hand. The trigger: April’s consumer prices rose a mere seasonally adjusted 0.1%.
Worse, consumer prices have fallen 0.2% over the past 12 months, the largest decline since October 2009, confirming deflation has the upper hand.
As a result, gold got hit, slammed for more than $12 this morning. Currently trading at roughly $1,202, gold may bounce a bit after this morning’s selloff, but it’s looking weaker and weaker, improving the odds that the “Path A” I spoke of yesterday for gold is taking precedence.
Hold all positions.
Let’s keep our fingers crossed and stay tuned!
Best wishes,
Larry
Position Tracker
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