Wednesday, July 13, 2011

GLD Update

 I think I'm going to stick with my warning on GLD for the time being...

 GLD 3C 2 min (a new timeframe for us using StockFinder)

 GLD 5 min still negatve

 The 15 min chart is starting to fall apart here.

 As I mentioned earlier, for whatever reason, the dollar seems to be looking for its footing. It has stabilized since the last update. It may continue to base and form a rectangular trading range.

 The 10 min $USD chart (via UUP as a proxy) just showed some rather incredible upside very quickly.

As has the 15 min. chart.

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