Our GLD Trade Idea position just keeps looking better and better in to the close and considering the correlation with the market shown in Trade Idea: GLD (Long) that doesn't bode well for the market.
Here are the intraday charts from 1-5 mins as they advanced through the rest of the day...
GLD 1 min, that' quite a bit of advancement through the EOD.
GLD 2 min
3 min
5 min
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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