Getting out of Gold

Gold is down at US$1360/oz today.  This is a 20% decline year-to-date and a 30% decline from 2011 highs.  The chart is broken ending a 10 year bull market.  It’s time to get out.

  • Sell CGL.TO @ $12.18

POSTMORTEM

Screen Shot 2013-05-17 at 11.16.23 PM

Writing a month later, on 17th May, this appears to have been a good call.  After rebounding somewhat CGL.TO slumped and closed today at $12.06.

Gold is at $1365, 28% down from it’s 2011 high of around $1,900.  The S&P 500 has risen almost 50% in the same time period.  The historic bull run in gold seems to be well and truly snapped.

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