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Monday, April 21, 2014

Gold Testing Support

Gold is testing support of a falling trend line from above.

Here is a larger chart showing the active trendlines. 

Disclosure: I have a small, personal position in GLD () for an attempt to profit from a counter trend rally.  I have a mental stop loss and will not post what it is or post when I take it...  I have not added this GLD trade to my newsletter explore portfolio as I am still experimenting with this idea.  Also, I have stocks I like with what I believe is far more upside in my explore portfolio  Also, I have larger personal positions in those "explore" stocks.

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