gld – Phantasmix.com

$SLV vs $GLD Comparison Chart

Phantasmix — Tue, 12 Jul 2011 18:00:04 +0000

Gold is less volatile. Because silver is such a thin market (?)

Click to enlarge

Phantasmix — Wed, 26 Aug 2009 03:05:45 +0000

[[gld]], SPDR Gold Trust ETF

2-year daily chart of GLD, gold ETF.

Inverse head and shoulders (bullish pattern)
Also bullish is the symmetrical triangle, really looks a bit like an ascending triangle, which is a continuation pattern

Since these are fairly long-term patterns (not a month or two), I think they are more reliable.

Gold should break out soon.

Phantasmix — Mon, 12 Jan 2009 18:24:08 +0000

[[DGP]]
Short @ $16.90, Jan 6
Covered @ $15.74, Jan 12

P&L: 6.53%

No doubt gold is going lower, but I’m clearing out as many positions as I can before Friday. Going on vacation.