"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

Wednesday, July 25, 2012

Au-Euro daily chart

GLD-FXE is pretty interesting, don't you think?  One year ago it was blowing off with the first phase of Euro hysteria.  Today the consolidation continues but is looking ever more bullish.  You need the patience of an elephant with this market.













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