A Market Timing Report based on the 1-24-2014 Close published Sunday January 26th, 2014
Gold made more progress as the stock markets of the world sold off this past week. Stay on board this up trend and add slowly as we go higher if you are under-invested in the metals. And follow the 10 Year Treasury as well ( link to upper right). It is what is energizing/confirming this gold rally.
The chart below shows that GLD must make it through some immediate resistance (aqua and yellow lines).
Here’s the chart:
Gold rally continues.
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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.
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