hockeysniper

GOLD mixed price action between GLD and Gold miners

AMEX:GLD   SPDR GOLD TRUST
Weird price action for GLD last thursday, as gold futures were up 2% and GLD was only up 2.6%. While senior gold miners index were up 10%, such as NUGT or NEM exploded for 13%. Possible bearish triple top or bullish Inverse Head and shoulders? April 7 COT report was mixed as well, Non-Commmercials were Long, while Commercials were short. FOMC is not for 3 weeks, maybe pull back to FIB .236 ($153.69) Happy Trading!

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