"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Monday, December 12, 2011

Gold proxy GLD (it ain't gold) updated

Last week from Gold proxy GLD - Technical status:

"Does this look bearish to you?  I did not think so.  However... there remains a downside target in play that might get the blow horns trumpeting gold's demise once again if it comes about.  That is because with the attention span of a gnat, most casino patrons do not look beyond the immediate."

Now we find out who is a casino patron and who has a modicum of perspective on things.

http://www.biiwii.blogspot.com
http://www.biiwii.com

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