Monday, December 29, 2014

et tu GLD?

I just want to say that today was a pretty tame holiday trading day.
Except for GLD.
I saw a sharp knockdown on the daily chart on increased volume. Usually a warning sign of continued or impending weakness.
But what I saw intra-day was of heavy buying on the low price, as the price held steady and gained on good volume at the end of the day.
All the while on a strong US Dollar.

It appears strong for gold. Why, I have no idea. Except for the concept of low energy prices being the spark for inflation.

We'll see.
The chart.


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