Friday, June 25, 2010

GLD, Buy or Sell? Weakness Showing Up

So this is gold analysis, using the popular GLD ETF:

This is slightly better than oil (please see previous post). The latest monthly and weekly signals are both buys, while the latest daily signal is a sell. This could indicate weakness is coming and that GLD is entering a trading range. This will be confirmed if the score drops to +55 (currently +75).

Note: To run the tool yourself on any stock, use this link (2 months free, risk-free).

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