QUICK GLD Update

I didn't even see this, but I'm glad one of our long term members was paying attention when I have talked about Channel Busters, this just makes me like GLD even more and I'm sure he won't mind me borrowing his chart.

 We have a downside Channel Custer in GLD, do you remember what this means, it's the same concept as upside break of a channel, it's good if you are long GLD.

 The YG/Gold Futures on a 5 min chart...

 2 min GLD with a nice rounding bottom, it looks to be at the mid point with a leading positive divergence.

The 5 min like the YG futures, leading positive at what I thought might be a double bottom.

Bottom line, I still like the GLD position a lot, not making any changes there