Friday, November 14, 2014

Nov 14 - GLD long

Very strong spike with good volume in GLD.  Will be interesting to see if this is just a short squeeze or buyers materialize behind this.  The weekly looks fairly promising now having printed two hammers in a row.  The general weakness in the indexes such as SPY/ QQQ is helping funnel off some action into precious metals.



No comments:

July 11 - GLD sucks

stopped out of GLD yesterday for -25%.  Holding off on reentry and maybe will enter if we drop another level. SPY on the other hand is crus...