sp'60min
GLD,weekly'3
Summary
*Gold bugs will no doubt be in denial.... but price structure IS a classic H/S formation... Gold is headed for the giant $1000 threshold... probably by June.
--
So... another open... much like yeseterday... which was much like Tuesday.
Its getting a little tedious, although there is some good individual stock action...
AA, -4.3%... headed for $10/9 by late summer. I like the company.. but certainly not at $13... and not at this time.
-
*I'm keeping an eye on Oil... but will give it another day to stabilise.
-
10.06am... once again.... no one wants to buy >2088... and the sellers (at least some).. are appearing.
Broadly though... price action remains choppy... there doesn't seem to be an catalyst to kick things one way or the other.
10.45am.. and down we go.... as no one wants to buy >2088.