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Gold futures just broke out of their recent range, pushing well above the key 100-day moving average and testing towards $1120 - the highest since early November. It appears precious metals are signaling - as they have done since mid-December - that The Fed will be forced to admit it is wrong - just as Jeffrey Gundlach warned.

Is gold pricing in a policy error?

Breaking the crucial 100-day moving average (after testing its 3 times)

Because the money markets are...

Five months ago, when we previewed the asset classes that we thought would benefit the most ahead of (and during) China's ongoing currency devaluation, and its accelerating capital controls, we laid out two things we are focused on: bitcoin and gold. This is what we said:

Following December's disappointing drop in Services PMI data, January's initial print of 53.7 (missing expectations of 54.0) is the weakest since December 2014. It appears the "manufacturing recession doesn't matter" meme was wrong after all. As Markit notes, the survey data paint an inauspicious start to the year for the US economy.

Confirming ISM Servcies drop to May 2014 levels, PMI's drop shows that it appears there is a link between an industrial recession and slowing services...

Ben Bernanke is no longer the Fed's chairman, but this article is even more relevant today then it was when I wrote it in August 2013.

Ben Bernanke: Buy One Suit, Get Three Free

By Vitaliy Katsenelson, CFA

Submitted by Mike Krieger via Liberty Blitzkrieg blog,