| Gold is now above $1,330 and setting a pattern of short consolidations up against overhead resistance before breaking through and moving higher. This seems to contradict the popular opinion that gold should be sold and funds invested in equity markets.
In 2013, the hope that the economic recovery would gain traction in the U.S. caused a persistent trend of selling gold from U.S. based gold Exchange traded Funds. In April 2013, after Goldman Sachs forecast a heavy fall in the gold price, together with their clients and J.P. Morgan Chase, they unloaded around 400 tonnes of physical gold into the market in short time. ..............................................Full Article: Source
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