GLD Charts

Other than the gap up today, the GLD/SPY correlation (inverse) that has been the norm, is pretty much missing today.

 intraday SPY (green) vs GLD (red) correlation is not the typical inverse it has been.

While I do have a NUGT long position and have been waiting patiently for an area that looks like a good add-to or new position as it continues to build out some strong longer term divergences, I haven't quite found that area yet. GLD and GDX have a fairly strong correlation, moving together, this is GLD's 60 min chart, but I think it needs to come down a bit to finish up a reasonable base.

 This is the reason for the GLD Fade position, no intraday confirmation at all.

GLD 2 min with a positive at intraday lows, but nothing today.