The GLD Analysis

As promised, in case you are looking at GLD, here are the links explaining the idea step by step.

The first link was from Tuesday addressing the Macro picture in GLD and included this chart (along with many others)...

The analysis below this chart was as follows,

" Here's a close view of the Apex of the triangle and rally off the lows that broke support right to the apex. A trading range has been established, this is a set up for T.A. traders, a breakout from the range is supposed to be bought, but look at the first break to a new high around early Feb. The breakout volume was low, the failure to hold it was on increased volume, longs were stopped out. Now we have another possible breakout of the range and again volume is low. To entice longs to buy this breakout, it will have to make a new high and surpass the former breakout to remove any lingering doubts."


This is a follow up post the next day


This is post Breakout Analysis the same day


This is from early yesterday as 3C started turning negative as I had hoped to see...


This is the $10 spot gold drop in 10 minutes yesterday and the 3C warnings before it happened


And This is the strange SLV signal before that quick drop yesterday


With today's posts, that should bring you up to date from where we started to where we are now.