Saturday, April 2, 2011

Strong Gold Chart

While catching up on some chart gazing, the gold chart stood out right away. Multiple reverse head and shoulder patterns are evident, as demand seems to be absorbing any price weakness.


During a break at the RISE conference, I noticed early morning weakness. My limit order never got filled as price didn't come back in later in the day. Will be looking for to add to my position here early in the week.

position in GLD

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