Just a heads up on what I’m seeing in gold right now via the GLD ETF. The charts speak for themselves.
4yr view
1yr 3mo view
Obviously, I’m not suggested a straight up moonshot, the line is just a target off the Inverse Head & Shoulders pattern. I don’t think they really mean anything as far as a target goes, but it does show a reversal of supply/demand in play which will lead to further short-covering.
