August 13, 2020 08:08 AM RSS

Is There Gold In Them Hills?

  • Wall Street Rebel | Geoff Garbacz
  • 10/18/2018 5:00 PM
Is There Gold In Them Hills?

Gold is finally starting to come to life. Our "go-to" chart on Gold via GLD has just turned positive.

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The chart is the 50 day moving average and the Rate of Change (ROC) or what many call slope. The direction of the ROC has turned up causing it to go positive or green.

The chart is from Wednesday's close at $115.79 and today it closed at $115.92.  If the trend is for real, then we will be active in Gold & Energy Options Trader with a variety of call trades. 

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