Gold is Sending a Dire Economic Warning

There are many people willing to deny basic economic reality or the news that the manipulated government data points from around the world are sending, however gold and the gold ETF (GLD) continues to flash a warning clarion that can not be missed by any observer.

Unfortunately for the naysayers, gold is still the final resting place for value and is indeed viewed as the alternative world currency by major economic powers such as China and Russia. The U.S. Dollar has had a nice run and with the impending collapse of the European Union as constructed appears imminent, another surge in the U.S. currency should be expected.

Thus a review of the warning from gold is warranted considering the horrible technical action this year and what the desperation to raise cash will create with a once in a lifetime opportunity for the wise to buy gold at a discount. More...