GLD is the 2nd-highest capitalized ETF around, only behind SPY. It’s nearly triple the capitalization of QQQ, just to give you some perspective. And with such a fixation on the economy (both domestic & global), it’s no shock that the sometimes safe haven of gold has been in the limelight.
Some suggest GLD has topped, and in the near term, they have technical reasons which back that up (lower highs). But a closer look at the chart reveals a pair of important levels to keep on watch, so that’s what’s covered in this video.
(Direct video link is here [1] for those interested in sharing).
Be sure to view in HD (720P) and full-screen mode for best quality in the video.
Trade Like a Bandit!
Jeff White
Producer of The Bandit Broadcast [2]
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