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GLD's negative divergence with Money Supply


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#1 Rogerdodger

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Posted 10 July 2010 - 09:50 AM

This is self explanatory I think.


http://stockcharts.c...9737&r=5010.png

#2 goldswinger

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Posted 10 July 2010 - 11:00 AM

This is self explanatory I think.


http://stockcharts.c...9737&r=5010.png



we are still in a corrective move, having said that, got a daily buy signal Friday which might be good for a small move up and with some luck maybe a B wave to the top......

GS.

#3 golden

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Posted 11 July 2010 - 12:07 AM

This also appears ominous. nem_071010.png
"There is only one side of the market and it is not the bull side or the bear side, but the right side."