$GLD is Lined Up in Another Bullish ConsolidationGLD is still the classic option for allocation in a time of declining faith in the monetary authorities.
The question now for investors is this: will governments suddenly start to self-impose restraint on monetary and fiscal stimulus just because the economic data is starting to improve? Not likely, especially in the US in an election year.
2840 trade ideas
$GLD Approaches Another Bull Trend BreakoutGLD will likely be in focus this week as chaos erupts in the US and the money printing from the Fed continues unabated and holds the safety net in place.
The range under construction over the past two months appears to hold a bullish trend continuation posture.
Potential Market Top Indicator GLD/SPY This chart is honestly very interesting and I wish I would have seen it before during normal market growth. As GLD/SPY hit the previous swing highs was March 23rd, the day the market began its collapse.
I'd keep this within your tool box of fancy shmancy charts for use in the future ;).