Wednesday, July 13, 2011

GLD Update

Right now, I'm happy with my warning or rather 3C's warning on the move up in gold.
 This is a 1 min chart with a pretty nasty decline on volume the last 10 mins or so n GLD. GLD is still in the green on the day, but this is not how it should be acting when looking at price and volume alone.

 The 5 min 3C chart isn't showing any hints that this current leg starting to move down is going to let up any time soon.

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