GLD looks to be coiling and ready for its next move which I believe is a continuation of the uptrend. GLD has been waffling above and below its 50 day line for some time now in a tight trading range just below $1,500. A decisive break above this level with volume and some follow through is what we are looking for. Miners chart also looks ready to break out. We know don'y buy bottoms but this is getting very very ripe for a trade and sustained up move. Don't forget SLV which has been very stingy giving anything back during the last few weeks of its corrective stage.
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