dubi_m

GLD update

Long
AMEX:GLD   SPDR Gold Trust
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I thought it would take a month or two to start moving since my original chart but it really tested my patience. The bounce and continuation from 120 strengthen my believe that gold has bottomed and will start making its way back up. I'd like to see it break over recent high @128ish but from there it should be a fairly smooth sail to 132+. I don't think it's unlikely that we see it trading @$145+ in the next few months. Bigger picture here: and previous idea here:

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