Friday, July 20, 2007

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.

2 comments:

JBetz said...

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

Kevin said...

Hi,

I'll post a chart tonight

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