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BlackisKing

I am not buying the GLD Breakout story

Short
SPDR Gold Trust (BATS:GLD)  
BlackisKing  
BATS:GLD   SPDR Gold Trust
Harmonic Patterns Chart Patterns Technical Indicators
3
5
harmonicpatterns chartpattern indicator
I think GLD is being distributed and I am not convinced with the break out. This is a classic Wyckoff distribution pattern. Everyone is now talking about the GLD break out which is the perfect time to distribute. It will go up a bit but it will soon come crashing down.

Not investment advice, please do your DD

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