Funny how we flip from Gold Rush to Gold Crush within such a short period of time ! Gold is being rattled since the opening. I called for a top on GLD two days ago (Click Here) . It seems that i took two more days before the top materialzed. There is now a minor support near $128.50 that should provide a mini bounce followed by another bigger drop down to the $123 gap area where some serious support lies.
GLD is at $130.11 as I'm typing this. It's right on the long term resistance line. You see how in previous instances it happened to be an intermediate term top. Adding to this the post that I made earlier this morning I can't have any more arguments to tell you that we have made an important top on GLD today !!!!!!!
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