Gold. Gaps. Golly–gee–whiz.

Posted on Nov 24, 2009 by in Letters

Stock investors are now looking at something in GLD that futures traders are long familiar with -- repeated gaps.  These rarely occur in stocks, but are common in commodity blow-off situations. (See SLV and PGM also.)

Here we have a breakaway gap followed by a power bar (!) followed by two runaway gaps.  Well, obviously there must be some cook book which tells you what to do when this occurs.  Not.

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