GLD ETF May Have Topped for Now

The gold price may have put in a intermediate term peak for now.  I am not saying this is the final peak by any means, but more of an intermediate term peak as I am seeing a bearish divergence between RSI and the gold price. Also at issue is the recently discussed US Dollar Index … Read more

Stock Market Steals Some Thunder from GLD ETF Today

The GLD ETF was only marginally higher today while the stock market had a very strong day.  The GLD ETF finished with a daily reversal hammer and the volume today was surprisingly light. I did a post previously articulating some concern about the somewhat sluggish gold price uptrend in recent months.  The sluggish gold price … Read more

SPDR Gold Trust ETF Seasonals Versus Chart Structure

The gold price and the  SPDR Gold Trust (ETF) continues to be situated in a  potentially pivotal position from both an intermediate term and long term basis. The question is whether bullish seasonal tendencies should be given more weight or the gold chart structure itself?  The 34 year seasonal tendency especially from mid September onwards … Read more

Sold Gold

I changed my mind about gold only a few days after my entry into DGP.  I am too nervous sitting right up here near the previous highs.  My weekly chart on GLD looks quite promising, but the problem is I am still somewhat unsure how gold will react to a new topside breakout in the … Read more