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<p>[QUOTE=&quot;Juan Blanco, post: 1657481, member: 41665&quot;]Bearish indicators to note, summarizing key points from this article: <a href="http://news.goldseek.com/GoldSeek/1362489736.php" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://news.goldseek.com/GoldSeek/1362489736.php" rel="nofollow">http://news.goldseek.com/GoldSeek/1362489736.php</a></p><p><br /></p><p><font face="Verdana"><font face="Verdana">1) The volume of holding held to back shares in the SPDR Gold Trust{...} fell for the tenth straight session yesterday, first time this has happened since the GLD was launched in 2004.</font></font></p><p><font face="Verdana"><font face="Verdana">2) </font>current run of outflows {is} twice as long as the previous highest, the GLD bullion holdings fell for five straight sessions on two previous occasions – in October 2010 and May 2011.</font></p><p><font face="Verdana">3) On the New York Comex meantime speculative futures traders last month built up their biggest gold short position since 1999 : <a href="http://www.youtube.com/watch?v=b9fBPPiqNZo" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.youtube.com/watch?v=b9fBPPiqNZo" rel="nofollow">http://www.youtube.com/watch?v=b9fBPPiqNZo</a></font></p><p><font face="Verdana">4) the BullionVault Gold Investor Index fell to a five-month low at 54.4</font></p><p>5) <font face="Verdana"><font face="Verdana">&quot;A strengthening Dollar, an improving macro[economic] outlook and lower inflation expectations would certainly drive gold lower,&quot; says Societe Generale.</font></font></p><p><font face="Verdana">6) &quot;Between here and the $1635.48 December low, the gold price should continue to encounter resistance,&quot; says Commerzbank technical analyst Karen Jones. </font><font face="Verdana">&quot;Failure to hold over $1554.83 [however] will trigger losses to the <b>$1522.48 </b>December 2011 low.&quot;</font></p><p><font face="Verdana"><br /></font></p><p><font face="Verdana">I&#039;ve been and remain short-term bearish; if we hit 1522 I believe we&#039;ll also see 1500</font> (April-July) but I have serious doubts we&#039;ll go below 1400 in 2013. </p><p>POG @ USD 1400 would be the time to consider reallocating into rather than just incrementally buying dips. Let Au get cheap: that&#039;s the opportunity not the fear.[/QUOTE]</p><p><br /></p>

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