Thursday, March 10, 2011

GLD Consolidation or is the Party Over

Well  right now it looks like consolidation until the technical tell me different . I said last blog on GLD I thought it would come in and Test the 20 average but that came sooner then later coming about 6 cents from touching it. I am gonna stay neutral with the political tensions see if we break the 20 average before i get bearish on this asset. A hit on the 50 average would still be classified as consolidation. Only a break below the Feb lows would get me bearish.

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