I've been warning that the GLD trade has been showing very weak or no confirmation for some time and said last week I though it was under distribution. Today GLD opened lower, t's down over 1% already, could this be all of that non-confirmation finally catching up?
Just about every day these harts have looked like this for GLD.
GLD 60 min
GLD 15 min
GLD 10 min
GLD 5 min.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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