Flag chugs on… in gold and silver

http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=5&dy=0&id=p96388783504&a=255869372

Strangely, and rarely seen, the metals markets roared on in spite of the implications of the flags.  We bailed on our shorts and got long again.    It is clear the mood changed today, thanks to the Fed.  No surprise.  Continuation of the trend.

Next PostRead more articles

This Post Has One Comment

  1. sean.reynar@rbc.com

    I thought Flags were continuation patterns not reversal patterns?

Leave a Reply