| The uncertainty over monetary policy has been the largest factor preventing the next break out in gold prices. Precious metal spot prices and exchange traded instruments that track them like GLD and SLV have been under immense pressure for months, following years of relatively steady inclines.
That is not to say hiccups or stagnation like the present situation are unparalleled in recent history. In fact much steeper negative volatility has plagued the metal markets over the last decade's bull run, but declines and stagnation have always been temporary as the credit markets wrestle with the conviction of monetary policy until it distinctly settles..........................................Full Article: Source
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