Profit taking + tax deferrence = small dump

[JohnQPublic]

I think a lot of profit takers waited until after the new year to take profits so they can defer taxes from Jan. 15th (profits before new year) to April 15th. Their loss for selling.

[beefsteak]

Some pundits, including Bullion Desk's AM commentary pointed out the mutual funds re-balancing their "mirror" portfolios based upon annual rebalancing of PM indices that announced ystdy reducing the gold % weighting of said indices against which they are compared YOY yield ROI - wise.

I'm glad the $1370-80 level held, as advertised in advance as being solid support. Only when something is proven to be a level where consistent buying is uncovered, can one build the springboard to higher plateaus.

Now that the annual re-balancing is over, off to the races higher, yes?

[JohnQPublic]

Some pundits, including Bullion Desk's AM commentary pointed out the mutual funds re-balancing their "mirror" portfolios based upon annual rebalancing of PM indices that announced ystdy reducing the gold % weighting of said indices against which they are compared YOY yield ROI - wise.

I'm glad the $1370-80 level held, as advertised in advance as being solid support. Only when something is proven to be a level where consistent buying is uncovered, can one build the springboard to higher plateaus.

Now that the annual re-balancing is over, off to the races higher, yes?





I believe so. A minor correction/consolidation/lower-limit-test on the way to higher highs with higher volatility.