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Indicators We are Watching – Gold (GLD) Basing, Dollar Topping?

January 4, 2010 8:09 am

On low volume and now basing at $105, that level on Gold shares (GLD) is looking like a good point of support.

Any softening of the U.S. dollar should push (GLD) toward $110-$112. That will also help a wide range of commodities.

Click on each of the charts for further information and comments.

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Written by Andrew Horowitz · Category(s) Economy, MarketMash, Markets    |  Tags: • •   

One Response to “Indicators We are Watching – Gold (GLD) Basing, Dollar Topping?”

  1. The 15 Hottest Reads on TDI This Week : The Disciplined Investor on January 11th, 2010 11:51 am

    [...] 1. Indicators We are Watching – Gold (GLD) Basing, Dollar Topping? [...]

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