Gold Topped and the SP 500 Bottomed on the Same Day In October, Implications…
- Posted by ppearlman
- on March 25th, 2013
And here’s an updated $GLD chart from this morning zooming in on the narrowing range:
Aside from the convenient symmetry there, I take note of this as we near the bottom trend line in $GLD. A break below that level, signaling a breakdown, may indicate bullish for equities.
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Phil is the interactive editor at Yahoo! Finance. Formerly, he was the executive editor at StockTwits. He is a partner at Social Leverage, LLC and makes early stage investments in web based companies. (More)