GLD - September 17, 2012

The common notion of the common blah-blah of the common pundit is that ECB and US Fed are now in some Q-Eenfinity mode

Maybe yes, maybe no, let's just stay with prices and let the market lead us for market activity and let the pundits alone to their punditries

CRB seems to have put is a significant low and is getting to an area that may become an important test of a downtrend line, as I posted.

GLD has been doing well

This is a curve study on GLD

The last time the TOP Finder curve, dashed red line on the left, broke, GLD found support around the two purple support curves of 147-154 area

Now. as GLD has broken above a downtrend line and has had a few weeks of fast and steep rise, I have launched a new Top Finder curve, the dashed red curve on the right, as well as an early support curve which is now around 154

The previous Top Finder curve ran 99% before failing

Past behavior is not guarantee for future conduct, but it can be of some guide.

The most important thing, of course, is for GLD to stay above its recent low of 148, but, I would get suspicious if the current Top Finder expires too soon 

If it is Print Ahoy with central bankers, then I would expect GLD to stay comfortably above its current Top Finder curve as well as its current support curve





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