Market Timing Brief for the Gold ETF (GLD) Close On 1-17-2014: Gold Acting Well

A Market Timing Report based on the 1-17-2014 Close published Monday January 20th, 2014

Gold is still in rally mode.  Hang on for the ride, and if interest rates fall another notch (see chart link to Treasury Yield to right), buy more gold (GLD).  Silver (SLV) and gold stocks (GDX) should do even better just as they did worse on the way down, so consider buying the pullbacks in GDX and diversifying into silver (SLV).  Use a stop.  There are still lots and lots of people betting against the metals.  They’ve been right for a long time and the metals must now prove themselves.

Here’s the chart:

gld-gold-etf-market-timing-chart-2014-01-17-close-HP

Gold still in rally mode.

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I thank Worden Brothers for the chart system I use to post these charts.  If you want to know more about the charting system I use every day, go to my “Other Resources” page here:  Other Resources   It makes it much easier to follow along with me if you can see the charts and manipulate them on your own computer, so it’s a great investment to have an excellent charting system.

Look for updates on the main chart tracking pages this week as I feel they are needed and comments via Twitter.

Copyright © 2014 By Wall Street Sun and Storm Report, LLC All rights reserved.

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