an tSionna Gold an Update

We posted on gold back here in early January.  {See link: Gold.} Today is an update to that entry. We can be owners of gold via the gold ETF, GLD. We're back approaching GLD's old support level that has now become resistance. We'll be able to get some idea of where this ETF might be headed based on how it reacts to this resistance line. Today's breakout can be viewed as a positive however in that we have taken out the series of lower highs and lows that the metal has been locked into since January. No guarantees of course where GLD is going to trade going forward.

*Long GLD in certain client accounts.