GOLD (GLD) update = cover shorts go flat here and wait

9 дек. 2011 г.

Some comments on GOLD (GLD etf): IF THIS BIG GAP UP AND CLOSE LOWER DAY CAN'T LEAD TO LOWER PRICES RIGHT AWAY (TODAY), THEN IT IS BEST TO ASSUME THAT WAS A FAKE-OUT. IF THE SELLERS WERE VERY DETERMINED TO SELL GOLD, THEY WOULD HAVE MORE TO SELL AND PRICES WOULD BE HEADING LOWER TODAY. MAKES SENSE.
By: Technical Tim Dec 8, 2011 9:52AMEST