With its recent surge to new highs GLD is now bumping up against short term resistance at 140. The weekly chart indicates that level has produced at least a minor hiccup during the previous quarter although the Prognosticator, as noted in several recent posts, is moving more and more into the bullish camp. GDX, the gold miners ETF, looks to be hitting overhead resistance as well although the Prognosticator is even more bullish on GDX than GLD perhaps because it has yet to make a new weekly high ($4 away).
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