Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

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.
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!