Gold futures just broke out of their recent range, pushing well above the key 100-day moving average and testing towards $1120 – the highest since early November. It appears precious metals are signaling – as they have done since mid-December – that The Fed will be forced to admit it is wrong – just as Jeffrey Gundlach warned.
Is gold pricing in a policy error?
Breaking the crucial 100-day moving average (after testing its 3 times)
Because the money markets are…
And so does most of the rest of the market…
via Zero Hedge http://ift.tt/1S8Pe7G Tyler Durden