WadeYendall

GLD breakout

Panjang
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AMEX:GLD   SPDR Gold Trust
Gold made a move last week despite strength in the DXY (dollar index). Historically gold has been seen a hedge for inflation. It seems to be catching a bid for that reason now. If gold is to continue it's upward momentum it should hold near or above the green box. No position currently, but I will watch closely. GDX and GDXJ can be good instruments to play if gold confirms a breakout.
Komen:
Gapped back below the green box to start the week. Another fake out. Rising dollar and continued manipulation is killing it.

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