A very simple one chart post, with no commentary, on the support zones in GLD. I bought some GLD fresh this morning and have set a stop-loss price of 183.95 (entry level: 185.75).

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Well, it’s not like I haven’t been mentioning it for months, but gold was crazy-cheap last year, and even now it’s cheap. It’s wonderful owning so much of something that has become a rocket ship. Gold has absolutely trampled over the 2,000 alt-coin silliness things out there. The barbarous relic is rocking the free world.


OK, it isn’t THAT major, but I couldn’t resist using that title. What I’m talking about is happening, with respect to its resistance trendline, on both the GDX……….
