We had the left shoulder (on high volume), then we had a head (crashing on high volume), now we are forming the top of the right shoulder(on lower volume).
Classic top, pointing to $145 GLD (and lower) as the right should soon fails and we fall back down.
$1500 and lower gold, here we come.
Fad is OVER
Just waiting for the right shoulder to complete its collapse
Smart folks are selling to the not-so-smart folks before the crash.
Why do you have screenshots of bigcharts dot com saved to your photobucket account? Link fellow board members to Yahoo charts at least, while you're helping people make up their mind to stay in GLD with your dumpy schemes.
GLD might go all the way down to $172
And the dollar will have a short term bounce while the markets decline.