Wednesday, December 17, 2014

today's gold ex-USD chart

Here's GLD vs UDN:

Well, the breakdown took it to 4.75 or so and the previous resistance line kinda, but since then it's spent two days hovering.

This looks positive.

And the weekly chart shows anything above 4.65 is still positive.

But I think when there's still a pervasive marketwide fad in selling commodities, it's not the safest time to buy.

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