Wednesday, February 5, 2014

View on GLD, GOLD, BLING

See GLD chart, bounce volume is low. even with market at such extreme level of pullback not seen for a year+, fear trade is not helping gold rise at all much. This is does not set well for gold in near future. MACD can flip anytime soon to negative for GLD. Careful going long here.

Short term: Neutral (getting bearish)

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