A drop back to 145 for GLD is then possible. Or it may de-couple from the market and go counter to it, but that seems less likely; see this morning's Kitco price chart.
Monday, January 30, 2012
Will Gold hold up?
Gold has broken above the upper trendline of its downward-sloping channel. It is falling fast this early morning. A retest of the upper trendling could provide the trade hint (up or down).
A drop back to 145 for GLD is then possible. Or it may de-couple from the market and go counter to it, but that seems less likely; see this morning's Kitco price chart.
A drop back to 145 for GLD is then possible. Or it may de-couple from the market and go counter to it, but that seems less likely; see this morning's Kitco price chart.
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