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Tuesday, May 29, 2012
GLD reversal paints a bearish candle
The big red candle looms over the little white candle that came before it. It is engulfing it in its evil shadow. It's a bearish signal (for the very short term only) if it holds until end of day. These have shown up in silver and the gold miner indexes as well, indicating the possibility of a normal 'reaction' we have been expecting.