3X: GLD Broke through 88.88 . It went up through the 1x1 Gann line and then through the triangle. This might reflect an acute feeling of incertitude about the treasuries, the bonds and the equities - what else ?!… LOL. This sentiment could precede a significant downturn. Keeping long GLD with a tight trailing stop is not a bad idea.
The Fast Money Boys have finally discovered GLD and are very proud of it . But thy are very late. The BUY signal appeared when it filled the gap and made a double bottom at 61.8% retarcement. Then it proceeded thorough 88.88. Now, target = 94.5. Then…we shall see…
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