Read the chart:
A lower open this morning and the volume is subdued.
Control risk by keeping your eyes open.
gh
Friday, May 22, 2015
Reading GLD
I watch charts closely and in real time. Yesterday GLD went below the low of the 2nd and 5th previous days and there was NOT a sharp move down. This is unusual for gold and GLD. And it indicates, so far, that there is not much nervousness in this market and perhaps that there is accumulation by stronger hands. Time will tell and things change. Let's watch.
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Read the chart:
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