Gold leaning upward

Gold has begun a new month and the second quarter, on a moderately positive note. The precious metals Gold ETF of GLD settled net higher by 0.5% to $119.28. There is soft resistance around the $120.00 threshold. Mid term outlook remains bullish.


GLD, weekly

Summary

Suffice to add, March ended on a slightly bearish note, but the mid term trend remains bullish. A weekly close >$120 seems due within the next 1-3 weeks.

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For those with an interest in the related miners, issue 2 of a Gold Miners Report is now available.

see: http://permabeardoomster.blogspot.com/p/research-reports.html