Gold is now up over 13% from its pre-Fed rate-hike lows, having surged through its 200-day moving average by the most in 2 years. As bank risk spikes globally, it appears bonds & bullion are the investment of choice once again in the face of systemic fragility concerns. At 4-month highs, gold is nearing a crucial breakout point…
After the heavy volume puke in gold after the jobs data, buyers have stepped back in size…
Pushing the precious metal furthest above it 200DMA in 2 years to 4-month highs..
via Zero Hedge http://ift.tt/1TO0Nk6 Tyler Durden