Monday, May 4, 2009

GLD Gold: Out of trade, on sidelines

This morning I was stopped out of GLD. It broke through its resistance line at $88. I made 0.5% on the trade, certainly nothing to write home about. Today could be a headfake but early heavy volume is interesting. Today's action is not enough to convince me to go long. On the sidelines for now.

Large version here.

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