Bear market gold rallies can be vicious but we are in a bear market for gold (GLD, quote). 

Image courtesy the Bank Of England: http://www.flickr.com/photos/bankofengland/I expect some support around $1,300 but how can gold be selling off when Turkey is downing Syrian jets, Russia is massing troops on the border of Ukraine while picking off stations in Crimea, and China shows they could have greater credit issues, sooner than expected?      

So far I have been wrong about Gold to $1,100 in 2014 before building base.  Fed certainly not helping gold allocations on higher rate talk, but even those headlines were a bit misleading on where rates are going in the medium term.                    

Newmont (NEM, quote), Barrick (ABX, quote) resting at KEY levels of support after quick 9-11% pullbacks respectively.

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