Gold/XAU Ratio 4.48

Gold bugs index fails to break 370
Keep tight stops--look out below if gold breaks $700

For those looking to short this market consider the HBP Gold Bear + ETF that seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the inverse of the daily performance of the S&P/TSX Global Gold Index.