Sunday, April 3, 2011

GLD, USO Just follow UUP

Well here is a compassion chart of the GLD USO and UUP. The UUP is the bottom chart USO is the middle and GLD top. The trend for the GLD and USO trend is up but look at the UPP (dollar etf) its trend is down. SO conclusion you want to know where oil and gold are heading? As long as the Fed keeps printing money and devaluing the dollar there is only one way for the trend to go and that is eventually up. But Remember no equity or commodity never moves straight up or straight down and its all about  catching the right wave to make money.

Disclaimer: Steelman's Technical Charts are my own amateur interpretations of technical charts and for informational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, or any other financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities mentioned herein. Steelman's Technical Charts assume no responsibility for your trading and investment results.

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