Gold proxy GLD - Weekly chart

We have been following analysis in NFTRH that has kept us steady on gold since the beginning of the precious metals correction (silver and miners) that began several months ago.  The analysis centered around the robotic and beautiful MACD providing a potential 'launch pad' as it consolidated over many months.

Now, a subscriber sends mail noting that CNBC is all over the gold tout, and as we have been following for the last couple weeks in NFTRH, weekly gold (GLD) is at the top of a trend channel.  Considering a lousy CoT report (shown in NFTRH145), the wrong people getting aggressively long (large spec's) and the wrong people on the tout (CNBC), one wonders if the upper channel line will contain the relic.

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