SPDR Gold Trust
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GLD - Long - Saudi Arabia v. Qatar

What's up with the Saudis?
Tempers seem to be flaring as they bump heads with Qatar - sponsoring terrorism and the like.
Kettle, please meet Pot.
Saudi Arabia, by the way, is something like 15x larger than Qatar (population wise). So who do you think is going to win that fight?
Perhaps the folks in Qatar are buying gold, which hit its highest price in about 7 months on “Middle East tensions” and weakness in the US dollar.
Either way, I can't predict the future, but the charts are telling me that GDL is set to move higher.

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