GLD Update

GLD's correlation with the market use to be pretty airtight, it was the safe haven trade when the market was in trouble. I'd say the correlation is now around 80% or so, but GLD is having a decent start to the day, which mean DGP, one of our long plays on Gold is doing even better as t is leveraged. Here's what GLD looks like now.

 GLD 2  min positive and leading positive divergence and a parabolic move up off the open.

 Same positive divergences on the 5 min chart.

And the 15 min chart as well.

So far so good.