GLD, GDX and SLV Does November 2009 Repeat in July 2010?
June 27, 2010 at 13:31 PM EDT
Last week I offered some analysis using the True Strength Index indicator on the daily and hourly charts of GLD, GDX and GDXJ. This week I would like to offer what I believe to be a realistic look at what could be headed our way in the upcoming month of July. The charts in this article were made using the publically available software at FreeStockCharts.com. The best way to understand the big picture is to look at the big picture, so let’s do that. What follows is a weekly chart of GLD. I set the time frame back over a year and use the True Strength Index indicator below the weekly price data. What you will notice is that the current setup for GLD is practically identical …