Here is a weekly GMMA chart of the gold ETF, GLD. Gold is in a BWR down-trend with all of the shorter term averages (red) declining below the longer term averages (blue). This is the opposite of the RWB rocket stock pattern I have discussed before. Note GLD’s RWB pattern during the up-trend through mid-2011. (The green lines are prior multi-month bases at all-time highs.)
(personal) Dr. Wish,
Today’s return of 0.9 to 13.3%, average 3.90% for 6 stocks of 51,000$. I am contented but still careful and cautious. I have always sold too soon, maybe i’m mistaken this time.
Thank You for your observations and encouragement. See you next spring !!
Paul S. 11/13/13