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.
Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.