GLD managed a triple zigzag correction to its 50-day moving average and possibly touching its Orthodox Broadening Top trendline again. This is a strange market indeed. Despite ZeroHedge’s bullish comments on gold, I am bearish both the metal and the ETF.

Regards,

Tony

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Disclaimer: The content in this article is written for educational and informational purposes only. There is no offer or recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. Do you own due diligence as the information in this article is the opinion of Anthony M. Cherniawski and subject to change without notice.

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