The mental meanderings of a dedicated amateur investor and speculator.
Friday, May 22, 2015
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.
Read the chart:
A lower open this morning and the volume is subdued.