Gold’s Precarious Perch

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GLD, GDX, and SLV are all down hard today. GLD is interesting for a couple of reasons: (a) it had a marvelous opportunity yesterday to bust to lifetime highs; it failed to do so, closing up a mere penny for the day; (b) it has cracked a short-term ascending trendline. I'm not saying anything definitive about GLD, but it sure doesn't look healthy.

0909-gld