I read that, according to the World Gold Council, a massive 797 tons of gold left London and headed for Switzerland in the first half of this year. It appears that the bullion is being melted down into more manageable sizes, presumably to appeal to small investors. More news and stats on
http://www.gold.org/investment/research/regular_reports/gold_demand_trends/?gclid=COnQ8eiKj7kCFa7JtAodR0YAVA

Interesting piece on the "Hindenburg Omen" and NYSE 52-week high & lows, at
http://advisorperspectives.com/dshort/guest/Chris-Puplava-130814-Hindenburg-Omen.php

FTSE SHORT ETF

Note the volume on the FTSE short ETF [XUKS] picked up very sharply Friday.

Thoughts on Gold

Based on the figures I use, I note that the 20D SMA is now comfortably above the 50D (first time since early Nov 2012). Next thing/s I'll be watching are a break above the recent high (1348.65), a close above the recent high close (1345.20), and a change in direction (upwards) of the 50D SMA (as long as the spot price remains above it).

Don't try to short a dull market - it just isn't worth it ...

Better to be out of the market wishing you were in, than in the market wishing you were out ...