Thursday, December 8, 2011

Gold proxy GLD - Technical status

A fairly self-explanatory view of GLD here.  BTW, the moving average clutter is simply me trying out a new thing where both exponential and simple MA's are used. 

Does this look bearish to you?  I did not think so.  However... there remains a downside target in play that might get the blow horns trumpeting gold's demise once again if it comes about.  That is because with the attention span of a gnat, most casino patrons do not look beyond the immediate.

















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