Another bad signal: Gold has fallen below the 200-day moving average. The 50-week moving average on Friday is almost the last support level for gold. With inflation expectations, the recent escalation of conflicts, epic IPOs, and the World Cup coming up, funds might flow out of gold. Unless there's a major reversal in the US-Iran situation or Walsh's speech next week is more positive, it feels like the next two months will mainly be a downtrend! It's tough for everyone, really tough!