streetgainer
Short

Critical trend line already broken...

AMEX:GLD   SPDR GOLD TRUST GOLD SHARES NPV
This is a continued short from where I published the alert of the right shoulder of this massive Head and Shoulders pattern playing out. The H&S is actually sitting on top of a long rising trend line (orange) in the chart. As you can see, that trend line has been breached. Look for a slow grind to $102. Gold is being challenged as a store of value, by that other computer generated code thing. Good luck gold bulls, you're going to need it.

Target: $102
Similar thoughts, but from a longer term perspective and giving some fundamental backdrop here. Gold could be the next big short.

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