Gold Breakout daily

[trilogic]

Anyone looking at the flag or pennant that broke out ? Thoughts getting long here? seems to be not too strong yet BUT in spite of higher equities ? The breakout from mid 1100's occurred during equity rout and sovereign issues ?

 

[ETcallhome]

gold up, commodities down. Dollar? Euro? It aint a shiny yellow metal anymore.

 

[Chris Mac]

Anyone looking at the flag or pennant that broke out ? Thoughts getting long here? seems to be not too strong yet BUT in spite of higher equities ? The breakout from mid 1100's occurred during equity rout and sovereign issues ?

Oh yeah ! More and more people are looking at this graph !! Believe me !!!

CM

 

[ETcallhome]

gold up, commodities down. Dollar? Euro? It aint a shiny yellow metal anymore.

sometimes gold is a commodity, sometimes it is a currency

 

[trilogic]

is the "breakout" in line with VOL. meaning it hasnt been too strong.. ? does it matter >

 

[trilogic]

sometimes gold is a commodity, sometimes it is a currency

agree just reading "currency wars good book

 

[Zestilio]

$GLD 20d MA is at $116.47, above its 50d MA

 

[S2007S]

Went short gold with DUST....

Still bullish, but just wanted to play the short side on possible profit taking

 

[trilogic]

for a "day trading" site and no real comments regarding a technical breakout, is odd ? Maybe most here trade indexes only,


http://www.businessinsider.com/china-property-housing-credit-bubble-2016-3

 

[Spectre2007]

Its ominous... For markets.