Friday, December 28, 2012

Cut loss on GLD

GLD had behaved badly since my purchase around 12-10. It sold off with hugh volumes after the news that there were progress in resolving the fiscal cliff. Then it rebounced pretty weakly. So I decided to sell this loser and wait for future opportunities to buy it. This time, GLD did not follow the traditional path where UUP would usually falls.

It looks pretty evident, by now, that GLD is heavily influenced by Government policies such as QE & Fiscal cliff resolutions.

Created with ProphetCharts®

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