Decline in Gold Not Over Yet

Decline in gold and silver is not yet over even though there will be short term rallies in gold. Let us look at 2 year chart of Gold.

George Soros has been dumping  as much as 55 % of his gold holdings
 There are other  gold bugs who have been doing the same . That includes Moore Capital Management LP, which sold evrything in Gold ETF GLD.

 As the investors in GLD sell GLD, the GLD management has no choice but to sell its gold holdings. So the price of gold then goes down and more people then sell GLD and the vicious circle continues.
The main reason is that the dollar keeps on going up, because even though we are printing $85 billion dollars every month, people around the world  trust their currencies less than they trust US dollars. Go figure ! One of these days they will wake up realizing  that dollar is a big scam.

 This is why we think gold is headed lower in the near future. If the support level of $1525  does not hold, gold can go even lower. Gold needs a major shakeout before confidence is restored. In the mean time gold can go  below $1400. After that we will have one of the largest rallies in gold and silver.

This is discussed in great detail in our book  http://budurl.com/dyla