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It's A Gold Flush

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January 04, 2011 – Comments (0) | RELATED TICKERS: GLD

...Yet I am long at $135.44 after it tested the 50-day moving average and the current trend-line. The risk is minimal at this point - a break below $132.80 and you'll want to bail out. But I think, especially with the panic we are seeing in it right  now, that it has probably seen the worst already. I'm looking for a $3-4 move before taking my peanuts somewhere else.

Here is the Chart Markings For GLD.

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