Gold Breaks Above $1,300

Gold Breaks Above $1,300

For the first time since in over 3 months, spot gold prices are back above $1,300 and continued to be the best performing asset since the December taper and the start of the year$1,304.70 is the crucial 200DMA that has not been tested since over a year ago.

Back above $1300 for first time since Nov 8th.

and is pressing the 200DMA for the first time in over a year (and retraced to 50% of the 2008-2011 swing).

Gold has been outperforming…

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