Who is doing the selling of gold & silver?

Jon Blogosphere, Gold, Market Commentary, Precious Metals, Silver

When back in 1851 Stephen Foster penned into the song ‘The Old Folks at Home’ the lyric ‘Way down upon the Swanee River’, ‘ its doubtful he was clairvoyantly discerning the disturbing market event of some 157 years hence in 2008, (especially given the correct spelling for the Floridian river is ‘Suwannee’). However, the infamy of such event is that, save for the dollar everything went down.
We hasten to point this out, as it is not just gold that’s back on the skids of late, for rather once again, save for the Dollar, everything is down. The only missing elements this time ’round are the ferocious velocity and range by which our BEGOS Markets were beaten down some six years ago. Still, we commence with the following chart of these eight markets showing their bars for the past 21-trading days, their respective diagonal linear regression trendlines, and accompanying baby blue dots that define trend consistency:

This post was published at TruthinGold on September 15, 2014.