Gold markets have rallied a bit during the course of the week, showing signs of strength yet again. This follows a massive hammer from the previous week, and at this point time I think what we are seeing is a “buy on the dip” type of situation. However, if we were to break down below the hammer from the previous week, that opens up a huge move to the downside, perhaps down to the $1500 level. {video} One of the biggest drivers of gold recently has been bond yields, which had been rallying quite significantly. If that happens, then it is likely that we will see this market break down. However, if yields start to taper ... (full story)