10 Takeaways From Gold's Chart

Schaeffer's Investment Research
  APR 16, 2013 3:12 PM

Gold sentiment indices are showing near record lows.

 


Today’s chart is of SPDR Gold Shares (NYSEARCA:GLD). It seeks to replicate the performance, net of expenses, of the price of gold bullion. The trust holds gold, and is expected to issue baskets in exchange for deposits of gold, and to distribute gold in connection with redemption of baskets.


Click to enlarge

 What I Am Looking At:
Strategy:  Long trade could be established looking for mean reversion. Use stop under $130.

This article by Tony Venosa, CMT, was originally published on Schaeffer's Investment Research.

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