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.


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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