Posts Tagged by where is gold going
Gold (GLD) Continues to diverge with Miners (GDX)
| July 31, 2011 | Posted by admin under Commodity Analysis |
Gold Continues to diverge with Miners GLD, the Gold ETF and GDX, the gold miners ETF, have a history. Generally GDX has led gold and you can read an intro to this topic here: http://vantagepointtrading.com/archives/4519 Currently GLD and GDX are diverging as GLD makes new highs and GDX sinks. This indicates that the fundamental drivers of…
Stock Market(s) & Gold on a Steady March Higher
| October 13, 2010 | Posted by admin under Commodity Analysis, Stocks & Stock Market Analysis |
Market(s) continue to edge higher in North America, along with a strong Chinese market. Many other global markets have broken resistance higher, or are approaching resistance. The S&P Eminis are at 1164.50, up slightly. Support comes in at 1145 and 1127-1117. The trend remains higher, with the trendline currently at 1151, a move below indicates…
Stocks flat, gold rides high pre-market, Oil on a tear
| October 1, 2010 | Posted by admin under Commodity Analysis, Stocks & Stock Market Analysis |
Gold and stocks were relatively flat throughout the day. Oil also gapped up and finished near its high. Gold jumped up in the pre-market, and then meandered within the opening range. It closed out strongly at 1320.40. The upward trendline is providing support at 1280 followed by 1260. Targets to the upside come in at…
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