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Keep in mind:
I do not like trading GLD, even though I may do it from time to time purely on the technicals, because I can not make sense of the fundamentals. I can not see a trend-shifting stress the way I was able to see with Oil at 140-147. There is just so much more information available to a 'non-insider' commodity trader for the oil market to identify real upward stress. The way I identified the upward stress in oil is by correlating Oil's fundamental disconnect with the stress of its chart. (That spoke volumes to me to take a short trade on. ) I do not see the fundamental side of Gold so I can not truly assess if this is a peak.
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