Gold Update

Posted: under Commodities, Predictions.
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Gold – GLD

Today’s sharp decline in gold does not appear to align with any spiral calendar turn dates, although there are some alignments two trading days before and after. So unless the downside continues and extends significantly within the next few days, I would expect a new high before a significant turn lower.

Spiral Calendar Turn Dates Chart For Gold (GLD) for January 4th, 2011

Spiral Calendar Turn Dates Chart For Gold (GLD) for January 4th, 2011 – click to enlarge

Comments (0) Jan 05 2011