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Gold's Slide Appears to be Contained


The time of truth for the streetTRACKS Gold Shares (NYSE: GLD), with oil, coal and general commodity prices -- the PowerShares DB Commodity ETF also (AMEX: DBC) -- acting very strong now. Let's notice that the GLD's slide from late April from 68.73 appears to be contained just above the rising 200 DMA at 63.28. Although as of yet I have no confirmation of the establishment of a significant low, a sustained climb above 64.90 will trigger an initial such signal that should inaugurate a climb that retests the April high.
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