An informal presentation of technical analysis, market ratio analysis, psychology and macro fundamental opinion... along with whatever else is required to stay on the right side of the markets. The premium NFTRH service takes all of these and more to the next level.
"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10
Monday, January 12, 2009
Gold using GLD as a proxy
I mentioned in NFTRH that I did not like the chart of gold. Well, using GLD as a proxy here I am beginning to like it more. If GLD fails to gain support at the channel bottom, it will be what I consider a strong buy at the lateral support noted.
I mentioned in NFTRH that I did not like the chart of gold. Well, using GLD as a proxy here I am beginning to like it more. If GLD fails to gain support at the channel bottom, it will be what I consider a strong buy at the lateral support noted.
