Friday, June 06, 2008

Is The Gold Bull About To Show Its Face Again?



I just wanted to show this chart to all of you now BEFORE the fact rather than later on after the move.

Above is a chart of GLD with a potential inverse head and shoulders bottom that is forming. I'm not long yet but I will be watching this market very closely over the next week or so for buy signals.

1 comment:

banman said...

Hi Kevin,

Just a quick question - why do you use GLD to watch gold instead of the symbol $gold on stockcharts? Would the latter be more accurate? Thanks and keep up the good work!

Chris

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