the_get_man
Long

GLD Defying SPY for Bullish BreakThru Run

AMEX:GLD   SPDR GOLD SHARES
12 0 1
As we all know the SPY             and GLD             have an inverse relationships. When the SPY             goes up, GLD             goes Down. However Gold             has been going up and so has the SPY             . More so, as the SPY             comes into its all-time highs, GLD             appears to be consolidating at its 2016 all-time highs.

Both are at their all-time highs for the year but gold             has been consolidating (resting) at these highs for the past 2 months rebuilding energy to break thru future resistance, while the SPY             may be out of breath from the sprint             it has made to the all-time highs in the past 2 months.

With that being said, I plan to take my profits from the SPY             as we hit these highs, and put them into gold             .

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