Good Week For Gold and Gold Stocks
Gold put in another positive day with the December contract up almost 5 dollars. GLD had a good week up 2.38% and GDX was up 4.19%.
As you can see in the above chart GLD is very close to testing the year high while SLV (silver) is having trouble breaking its downtrend line. I think I might take some profits at the year high in GLD if it gets there next week. If I do sell some, it will be about a third of my position.
Posts
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_4.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
2 comments:
Kevin
Great posts as always. Sometime in the near future would you mind throwing up a chart of the S&P 500 with the COT lines as you did a while back with the Swiss Franc.
Thanks
JB
Hi,
I'll post a chart tonight
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