Wednesday, February 15, 2012

Is GDM Trying To Tell Us Something?

The gold miners index has fallen for the past few days. It's now touching support and could tell us what will happen to GLD. GDM has usually traded lockstep with GLD, but recently it has stayed behind. Is it foreseeing the future or just being cautious? If it falls through support then expect GLD to come crashing down with it. If it holds, then I would expect GLD to rise in the short term.

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