GLD Ready for a Breather?

By -

It was hard not to notice before the opening bell that even though the /ES was up 15 points and the /NQ was up 25 points, gold was actually……………down.

These days, that's just plain weird, because these markets tend to move in lockstep. I've shorted 2500 GLD at a price of 104.31 and a stop at 105 since I think this is due for at least a breather. Take note also of the price gap I've tinted.

1014-gld