Break Out
GLD will break out of a three month horizontal trading range at the open. After the Empire grinded at it all night bringing it down from up 16 to now up 5. But it will still and has been all night a breakout. Silver looks great. On July 27th 1982 the Dow rose 14 points from 756 to 770 starting the run from 756 to 29600. That was feeble too. I was there. It ran to 1200 by the end of the year.
Hey Noman.. who is this Empire? I just finished watching Mandalorian… my visuals are off cue. 🙂
The Empire is the US Fed who controls the world.
ATM it looks like we are going to get a big beautiful break away gap on the weekly. Amazing. They are letting our people (goldbugs) go.
The technical significance of GLD jumping over the horizontal resistance line is huge to me.
From your lips to god’s ears
Another way I play this is $gvz. Its the vix or volatility of gold. It can outperform.