Gold did nothing yesterday, but the USD Index showed strength, and miners moved down - a sign of more bearish things to come. Gold literally moved by 0% yesterday – it closed just where it had closed on Tuesday. {chart} Consequently, everything that I wrote about it yesterday, including the analogy to how gold performed in 2012 and 2013, remains up-to-date: Taking [Tuesday’s] intraday high and the recent intraday low, it rallied by 4.6%, and it almost touched the 50% Fibonacci retracement based on this year’s decline. And it might even appear somewhat bullish if it wasn’t for the analogy to how gold performed before ... (full story)