Tuesday, October 06, 2009

GLD Breaks Through Resistance



Well, I've been waiting for GLD to break through the $100 resistance level and today was that day. GLD gapped open higher above $100 and then rallied into the close on very good volume. My upside target is not far away and I will post my long-term view on this market sometime this week. Keep in mind the seasonal for this market is calling for a top in early October so I will be using a tight trailing stop to lock in profits.

3 comments:

michael said...

what is your short term target

Anonymous said...

whats your take on silver kevin?

Tony Haske said...

another triangle like your famous call: http://kevinsmarketblog.blogspot.com/2009/08/gold-weekly-symmetrical-tirangle.html or????

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